Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersConstruction Sector CharterCode Series 2200 : Measurement of the Management Control Element of Broad-Based Black Economic EmpowermentStatement 2200 : The General Principles for Measuring Management Control |
1) The Management Control Scorecard
Category |
Management Control Indicator |
Weighting Points |
Compliance Target |
||
|
|||||
|
|
5 |
40% |
||
|
|||||
|
|
5 |
25% (Year 0-4) 40% (Year 5-7) |
||
2) Notes on Calculation
| a) | The Adjusted Recognition for Gender in Annexe 200(A), Code 200 will be applied as follows in Code 2200 (The reference to the letters remains the same as in Annexe 200(A), P48): |
| i) | 1.1.1 A=B/1.76+C |
| ii) | 1.2.1 A=B/1.62+C |
| b) | Other Top Management as referred to in Code 200 that is at a higher level of Management in the Measured Entity than what is associated with the definition of Senior Management must be counted as part of the Senior Top Management. |
| c) | The indication: "C is limited to a maximum of 50% of the target" in Annexe 200(6), Code 200, P49 is not applicable. The rest of the references in Annexe 200(B) apply. |
| d) | The responsibilities associated with executive and non-executive directors on the board are viewed to be similar. |
3) Code 200
| a) | Code 2200 shall adhere to all other principles, definitions and measurement methodologies contained in Code 200, Annexes and related Statements as been published in the Government Gazette no. 29617 and where there are any conflicts, the requirements of code 2200 shall take precedence over Code 200 as published in the Government Gazette No 29617. |