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 CodesRoad Freight Sub-Sector Code3. Indicators of Empowerment3.3 Management Control |
3.3.1 | The Private sector commits to: |
3.3.1.1 | Board Representation: The private sector commits itself to a minimum of 50% exercisable voting rights of black board members. Points will only be scored if enterprises achieve a target of 10% in year one, 20% in year two, 30% in year three and 40% in year four. |
3.3.1.2 | Board Representation-Black Women: The private sector commits to a minimum of 25% voting rights of black women board members. Points will only be scored if enterprises achieve a target of 5% in year one, 10% in year two, 15% in year three and 20% in year four. |
3.3.1.3 | Senior Top Management-Black People: The private sector commits to a minimum of 40% of the total employees in Senior Top Management. |
3.3.1.4 | Senior Top Management-Black Women: The private sector commits to a minimum of 20% of the total employees in Senior Top Management. |
3.3.1.5 | Other Top Management-Black People: The private sector commits to a minimum of 40% of the total employees in Other Top Management. |
3.3.1.6 | Other Top Management-Black Women: The private sector commits to a minimum of 20% of the total employees in Other Top Management. |
3.3.1.7 | If the measured entity is unable to distinguish between Senior Top Management and Other Top Management, both criteria may be combined into "Top Management" which is measurable as a single indicator with a target of 40% and a weighting of 2.5%, and "Woman Top Management" which is measurable as a single indicator with a target of 20% and a weighting of 2.5%. |
3.3.1.8 | QSE within the sector commit to recruiting black people at Top Management positions, where they should constitute 50.1% of total Top Management. |
3.3.1.9 | Conclude discussions with stakeholders to develop a Code of Good Practice for Owner-Driver Schemes (See Appendix B). |
3.3.2 | Measurement Principles and Application of the Charter |
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. |
3.3.2.2 | 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 Codes of Good Practice. The Adjustment Recognition for Gender found in Annexure 200 (A)-A will not apply. |
3.3.2.3 | Measurement principles needed for the application of the Sub-Sector Code with regards to the management control element for QSE are contained in statement 802, of Code 800, of the Generic Codes of Good Practice. |