B3 E2 | THE IMPORTANCE OF NAVIGATING SECTOR CODES OF GOOD PRACTICE

TFM - MAGAZINE / 24 JUNE 2021 - 11.03 / POOVAN GOVENDER

Issue 22 of 2021 | BEE Chamber members newsletter brought to you by TFM Magazine

Transformation is measured on the basis of the General Codes of Good Practice (Generic Codes). Sector Codes of Good Practice are an extension of these, addressing industry-specific challenges. It is how organisations navigate their suppliers, measured on the various Sector Codes, that has the ultimate impact on an organisation's overall scorecard.

As a practical tool, this communique provides BEE Chamber members with critical information to drive and accurately calculate their B-BBEE scorecard and manage the risk of Fronting Practice **.

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The focus of this week's topics is on

* Continued Consequence or Once Empowered Always Empowered; * Enhanced Recognition for QSEs; * Why do Sector Code Targets matter to all?; * An article of Transforming Interest | The Gamble of a Special Power of Attorney.

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Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER