Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Information and Communication Technology (ICT) Charter

ICT Sector Code for Black Economic Empowerment

Code Series 200: Measurement of the Management Control Element of Broad-Based Black Economic Empowerment

Statement 200: The General Principles for Measuring Management Control

2. Management control scorecard
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The following table represents the indicators and method for calculating a score for Management Control under this statement:

 

Category

Management Control indicator

Weighting points

Compliance target

2.1

Board participation:


2.1.1

Exercisable Voting Rights of black Board members using the Adjusted Recognition for Gender

3

50%

2.1.2

Black Executives Directors using the Adjusted Recognition for Gender

2

50%

2.2

Top Management:


2.2.1

Black Senior Top Management using the Adjusted Recognition for Gender

3

40%

2.2.2

Black Other Top Management using the Adjusted Recognition for Gender

2

40%

2.3

Bonus points:


Black Independent Non-Executive Board Members

1

40%