Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersInformation and Communication Technology (ICT) CharterICT Sector Code for Black Economic EmpowermentCode Series 200: Measurement of the Management Control Element of Broad-Based Black Economic EmpowermentStatement 200: The General Principles for Measuring Management Control2. Management control scorecard |
The following table represents the indicators and method for calculating a score for Management Control under this statement:
Category |
Management Control indicator |
Weighting points |
Compliance target |
|
2.1 |
Board participation: |
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2.1.1 |
Exercisable Voting Rights of black Board members using the Adjusted Recognition for Gender |
3 |
50% |
|
2.1.2 |
Black Executives Directors using the Adjusted Recognition for Gender |
2 |
50% |
|
2.2 |
Top Management: |
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2.2.1 |
Black Senior Top Management using the Adjusted Recognition for Gender |
3 |
40% |
|
2.2.2 |
Black Other Top Management using the Adjusted Recognition for Gender |
2 |
40% |
|
2.3 |
Bonus points: |
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Black Independent Non-Executive Board Members |
1 |
40% |