Print   |   Bookmark   |   Enlarge text    |   Reduce text   |   Downloads

• › The Chief Executive
• › Group Executive: Corporate Affairs
• › The Founder and Chairman of Altron
• › The Group Company Chief Executive Officers

• › Introduction
• › Code 100 – Ownership
• › Code 200 – Board and Management Control
• › Code 300 – Employment Equity
• › Code 400 – Skills Development
• › Code 500 – Preferential Procurement
• › Code 600 – Enterprise Development
• › Code 700 – CSI or Socio-Economic Development (SED)

GROUP STRUCTURE     TRANSFORMATION FOR THE FUTURE     MESSAGES FROM:

---

BBBEE GROUP STRUCTURE     BBBEE PARTNERSHIPS     KEY DEFINITIONS     BBBEE GUIDELINES:     CONFERENCE RESOLUTIONS     CONFERENCE DECLARATION

CODE 200 – BOARD AND MANAGEMENT CONTROL

The South African economy is characterised by a general absence of black people and, more particularly, black women in the executive leadership of companies.

The reasons for this are mainly historical such as the black education system prior to 1994 and artificial barriers to entry which have resulted in a shortage of skilled black professionals, in particular in regard to business management and technical skills.

 

Implementation guidelines

• This code measures the status of all directors (reflected on the Companies Act form CM29 and registered in the Company’s office as such), no matter at which level they are reflected in the EEA2 report. Divisional directors do not qualify as directors.

  Examples of senior top management include:
  – Chief executive officer
  – Chief financial officer
  – Chief operating officer
  – Head of strategy.

  Examples of other top management include:
  – Head: Transformation
  – Head: Marketing
  – Head: Public Relations
  – Head: Sales – Head: Human Resources
  – Head: Industrial Relations
  – Head: Information Technology.

The above job titles are not a definitive list, but are examples of the types of position and responsibilities in the companies that are to be included in the code under top management.

• This code measures the levels of top management as reflected in the job description and function of the relevant employee. The code encourages all entities to align their EEA2 reports with the types of job functionality as set out in the codes, and then use the data therein in compiling compliance reports for the codes. This means that all top management reflected in the EEA2 report as such must be reflected the same way in the code category for top management.
• All entities within the Group will immediately endeavour to align the definitions of top management with the definitions contained in the CoGP, guided by the EEA9 and EEA10 definitions in the Employment Equity Act.
• All entities which currently align EEA10 Occupational Category definitions with job functionality will continue to do so. The EEA9 semantic scale such as Paterson, Hay, etc, will be used as the guideline in determining the occupational levels of relevant employees. This will result in a uniform approach to the definitions of top management and categorisation of employees in the top management category of the EEA2 reports.
• A further breakdown of employees into categories of senior top management and other top management will also be undertaken by relevant management and an alignment within the Group of which positions and employee levels comprise senior and other top management will take place.
• The impact of the Adjustment for Gender (GAF) will always be borne in mind when filling director- and top-management-positions. The GAF is a secondary gender target inherent in every indicator in the management code, except for black, independent non-executive directors. The categories of executive and non-executive directors, and both categories of top management, require that half of the black people in each category have to be black women, otherwise only half of the points that would have been received are in fact allocated.
• The transformation committee shall develop guidelines on how to approach matters such as succession planning and composition of boards at various Altron companies in order to meet requirements of this code.