Acts Online
GT Shield

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

Codes of Good Practice on Black Economic Empowerment

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

Statement 200 : The General Principles for Measuring Management Control

2. Management Control Scorecard

 

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 Executive 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%