Code 200 Management Control
The Code 200 series deals with the measurement of the ownership element of the BBBEE code. Statement 200 guides the general principles of measuring management control.
The Management Control scorecard allocates points for the following:
- Exercisable voting rights in the hands of black Board Members
- The percentage of black executive directors.
- The percentage of black top[ management
- The Percentage of any other black top management
- The percentage of independent black non-executive Board Members
Examples of top management are the Senior Top Management which consists of Chief Executive Officers, Chief Financial Officers and other such positions.
Key Measurement Principles
- Points are given for the percentage of black people and black women in top management positions.
- Whenever possible, the measured entity should use the same information given to the Department of Labour under Employment Equity to calculate their employment equity scorecard.
- If a company does not distinguish between top management and senior management, the senior management can be included under this statement. However, if included, they are not measurable under the Employment Equity.
- If an entity does not distinguish between senior top management and other top management, then only the senior top management may be measured. If this approach is to be used, then the corresponding targets for senior management will be used for the management control scorecard. In addition, senior management included in this way is not measurable under the employment equity scorecard.