This is part four of a series of articles explaining the draft Aviation sub-sector code. This article discusses the Management Control Element of the Scorecard.
OBJECTIVES OF THIS STATEMENT
- Specify the scorecard for measuring the Management Control Element of Broad-Based Black Economic Empowerment (B-BBEE);
- Define the key measurement and guiding principles;
- Specify the stakeholder undertakings;
- Specify the specific measurement principles applicable to various types of Entities;
THE MANAGEMENT CONTROL SCORECARD
The following table represents the criteria used for deriving a score for Management Control under this statement:
GUIDING PRINCIPLE
The aim is to increase the participation of black people in top management, senior management, and professional and technical occupations in the aviation industry to create a workforce that truly represents the racial, ethnic, and gender diversity of our country. This will require that all stakeholders create a supportive culture within their organizations to attract new talent, facilitate the development of existing employees, and accelerate their progress into key positions in the industry.
KEY MEASUREMENT PRINCIPLES
Measurement principles associated with the management control element are contained in Statement 200 of Code 200 of the Amended Generic Codes of Good Practice.
The above information relates to the “standard” requirements for Management Control. Below is information related to one other category; that of a QSE.
THE QSE MANAGEMENT CONTROL SCORECARD
The following table represents the indicators and methods for calculating a score for Management Control under this statement:
Management Control
KEY MEASUREMENT PRINCIPLES
- The key measurement principles and sub-minimum requirements under statement ASC 200 are applicable to this statement.
- For the purpose of the QSE scorecard, executive management includes other executive management as described under the general principles of statement ASC 200.
- The demographic representation of Black People as defined in the Regulations of Employment Equity Act and Commission on Employment Equity report is not applicable to the calculation of scores under the QSE Scorecard.
- Measurement principles needed for the application of the charter with regards to the management control element for QSEs are contained in statement 602, of Code 600, of the Generic Codes of Good Practice.
- A measured entity must use the recent payroll data in calculating its score under the Management Control Scorecard.