Medicines and Related Substances Act, 1965
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesRail Sub-Sector Code for B-BBEE3. Indicators of Empowerment3.3 Management Control |
3.3.1 | Private Industry Commits to: |
3.3.1.1 | Ideally, an equal level of management control should accompany black ownership. Private industry will therefore aspire to the following 5-year targets regarding management control: |
3.3.1.1.1 | Board Members: 33% of the exercisable voting rights in the hands of black people. |
3.3.1.1.2 | Women Board Members: 16.5% of exercisable voting rights in the hands black women. |
3.3.1.1.3 | Executive Directors: 33% of all executive director positions occupied by black people. |
3.3.1.1.4 | Women Executive Directors: 16.5% of all executive positions occupied by black people. |
3.3.1.1.5 | Senior Top Management: 40% of all top senior management positions occupied by black people. |
3.3.1.1.6 | Women Senior Top Management: 20% of all top senior positions occupied by black women. |
3.3.1.1.7 | Other Top Management: 40% of all other top management positions occupied by black people. |
3.3.1.1.8 | Women Other Top Management: 20% of all other top management positions occupied by black women. |
3.3.1.1.9 | QSEs within the sector commits to recruiting black people at Top Management positions, where they should constitute 50.1% of total Top Management. |
3.3.1.1.10 | Recruiting black women at Top Management level; where they should constitute 25% of all such positions. |
3.3.2 | Measurement Principles and Application of the Charter |
3.3.2.1 | Measurement principles associated with the management control element is contained in Statement 200 of Code 200 of the Generic Code of Good Practice. |
3.3.2.2 | 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 Code of Good Practice. The Adjustment Recognition for Gender will not apply Annexure 200 (A)-A. |
3.3.2.3 | 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 800, of the Generic Codes of Good Practice. |