CODE 200 MANAGEMENT CONTROL

Area:

Target

Weighting
Points

% of
Points

Formula

Notes

Statement 200: General Principles

10

 

 

 

1. Board Participation

 

 

 

 

Based on information submitted under the Employment Equity

1.1 Exercisable Voting Rights of black Board Members using the Adjusted Recognition for Gender

50%

3

30%

ARG / Target x 2

Act. ARG means Adjusted Recognition for Gender which is calculated as set out in Annexe 200(A) as follows: (% of black employees / 2) + % of Black Women Employees limited to a maximum of 50% of the target.

1.2 Black Executive Directors using the Adjusted Recognition of Gender

50%

2

20%

ARG / Target x 2

 

2. Top Management:

 

 

 

 

 

2.1 Black Senior Top Management using the Adjusted Recognition for Gender

40%

3

30%

ARG / Target x 2

2.2 Black Other Top Management using the Adjusted Recognition for Gender

40%

1

 

(Black INED / All INED) x 1

3, Bonus Points:
Black Independent Non-Executive Board Members

40%

1

 

(Black INED / All INED) x 1