Acts Online
GT Shield

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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Domestic Aviation Sub-Sector Code for B-BBEE

3. Indicators of Empowerment

3.3 Management Control

 

 

3.3.1 Private Sector commits to:

 

3.3.1.1 Increasing the total number of black board members such that at least 33% of all such board members are blacks over the next 5 years.

 

3.3.1.2 Increasing the total  number of black women board members such that 16.5% of all such board members are black women over the next 5 years.

 

3.3.1.3 Increasing the total number of black executive directors such that 33% of all such directors are blacks over the next 5 years.

 

3.3.1.4 Increasing the number of black women executive directors such that 16.5% of all executive board members are women over the next 5 years.

 

3.3.1.5 Increasing the number of black senior top managers such that 26% of all such managers are blacks over the next 5 years.

 

3.3.1.6 Increasing the number of black women senior top managers such that 13% of all such managers are blacks over the next 5 years.

 

3.3.1.7 Increasing the number of black other top managers such that 26% of all such managers are black over the next 5 years.

 

3.3.1.8 Increasing the number of black women other top managers such that 13% of all such managers are blacks over the next 5 years.

 

3.3.1.9 Ensure that the number of black people living with disabilities under management increases to 3% over the next 5 years.

 

3.3.10 For QSEs as defined in this Sub-Sector Code is to reach a target of 33% of total Black top management representation over the next 5 years.

 

3.3.11 Foreign owned airlines are excluded from complying with the management control element of the scorecard as the nature of their business precludes them from having local boards and top management structures.

 

3.3.2 Measurement Principles and Application of the Sub-Sector Code unless otherwise indicated on the relevant scorecard

 

3.3.2.1 Measurement principles associated with the management control element are contained in Statement 200 of Code 200 of the Generic Codes of Good Practice.

 

3.3.2.3 The formulae required in the determination of the management control score are contained in Annexure 200 (A)-B of Statement 200 of Code 200 of the Generic Codes of Good Practice. The Adjustment Recognition for Gender found in Annexure 200 (A) A will not apply.

 

3.3.2.4 Measurement principles needed for the application of the Sub-Sector Code with regards to the management control element for QSEs are contained in statement 802, of Code 100, of the Generic Codes of Good Practice.