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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

6. Calculating Compliance

 

6.1) The Management Control indicators provided for in the Management Control Scorecard must be calculated in terms of formulas "B" and "C" in Annexe 200(A).

 

6.2) If a Measured Entity gains a score for a Management Control indicator that is more than the relevant weighting points, that Enterprise will only receive the Weighting points.