Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2017)Amended Code Series CSC200: Measurement of the Management Control Element of Broad-Based Black Economic Empowerment in the Construction SectorStatement CSC200: The General Principles for Measuring Management Control3.6 Defining other Executive Management |
| 3.6.1 | Executive Management positions are defined as “Top Management” in terms of the Employment Equity Regulations and include the ‘Executive Directors’ and ‘Other Executive Management’ of the Measured Entity. |
| 3.6.2 | ‘Other Executive Management’ positions therefore refers to executive management (i.e. Top Management) that do not serve on the board. They are measurable under 2.2.1 and 2.2.2 of the Management Control Scorecard. It may for example be that a Chief Executive Officer, Chief Financial Officer, Human Resource Manager or Marketing Manager do not serve on the board. In such cases they will only be measureable under the “Other Executive Management” category of the scorecard and not also under the “Executive Director” category. If however they do serve on the board they are only measureable under the “Executive Director” category and not the “Other Executive Management” category. |
| 3.6.3 | Executive Directors are only measureable under 2.1 of the Management Control scorecard and not 2.2. |
| 3.6.4 | Where a Measured Entity does not have any employees on the “Other Executive Management” level then the weighting points for the “Other Executive Management” indicators will be allocated to paragraphs 2.1.3 and 2.1.4 respectively. |