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

Amended Codes of Good Practice (2013)

Purchase

The following table represents the criteria used for deriving a score for Management Control under this statement:

Measurement Category & Criteria	Weighting points	Compliance targets
2.1 Board participation:
2.1.1 Exercisable voting rights of black board members as a percentage of all board members	2	50%
2.1.2 Exercisable voting rights of black female board members as a percentage of all board members	1	25%
2.1.3 Black Executive directors as a percentage of all executive directors	2	50%
2.1.4 Black female Executive directors as a percentage of all executive directors	1	25%
2.2 Other Executive Management:
2.2.1 Black Executive Management as a percentage of all executive directors	2	60%
2.2.2 Black female Executive Management as a percentage of all executive directors	1	30%
2.3 Senior Management
2.3.1 Black employees in Senior Management as a percentage of all senior management	2	60%
2.3.2 Black female employees in Senior Management as a percentage of all senior management	1	30%
2.4 Middle Management
2.4.1 Black employees in Middle Management as a percentage of all middle management	2	75%
2.4.2 Black female employees in Middle Management as a percentage of all middle management	1	38%
2.5 Junior Management
2.5.1 Black employees in Junior Management as a percentage of all junior management	1	88%
2.5.2 Black female employees in Junior Management as a percentage of all junior management	1	44%
2.6 Employees with disabilities
2.6.1 Black employees with disabilities as a percentage of all employees	2	2%

2.1	The compliance targets for 2.3, 2.4 and 2.5 of the Management Control scorecard are based on the overall demographic representation of black people as defined in the Regulations of Employment Equity Act and Commission on Employment Equity Report, as amended from time to time.

2.2	In determining a Measured Entity's score, the targets should be further broken down into specific criteria according to the different race subgroups within the definition of black in accordance with the Employment Equity Act on an equitable representation and weighted accordingly.