Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 200: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 200 : The General Principles for Measuring Management ControlAnnexe 200(A) |
A) | Calculation of the Adjusted Recognition for Gender |
A = B - C 2 |
C is limited to a maximum of 40% of the target.
Where:
A is the Adjusted Recognition for Gender.
B is the percentage of employees in the measurement category that are black people.
C is the percentage of employees in the measurement category that are black women.
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B) | Calculating Compliance |
The calculation of the management indicators provided for in paragraphs 2.1.1, 2.1.2, 2.2.1 and 2.2.2 is as follows:
A = B x D C |
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C is limited to a maximum of 50% of the target.
Where:
A is the score for measured management indicator.
B is the Adjusted Recognition for Gender calculated in paragraph 5.
C is the target for that measurement category as per paragraph 2.
D is the Weighting for measured indicator as per paragraph 2.
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A = B x D C |
Where:
A is the score for the management indicator in paragraph 2.3 of the number of black Independent Non-Executive Board Members of the Measured Entity as a percentage of the total number of Independent Non-Executive Board Members of the Measured Entity.
C is the target for Independent Non-Executive Board Members of the Measured Entity in paragraph 2.3.
D is the Weighting points in paragraph 2.3.
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