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THE

BEECHAMBER

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NEWS

ONE INTENT, TWO VERSIONS OF WORDING


If an organisation falls within the ambit of a Sector Code of Good Practice (Sector Code), they must be measured against that criteria. Should a Sector Code fall silent on any issue, organisations must revert to the Generic Codes of Good Practice (The Codes).


Both The Codes and Sector Codes were designed to expedite economic transformation. However, Sector Codes were developed to align with the Codes with more sector-specific requirements.


Organisations must be aware of the wording within The Code or Sector Code they are measured on to ensure they meet the expectations laid out within. Although both element's intent aligns, the wording in the different sets of Codes may differ. A prime example is Statement 500 of The Codes and Statement AICT500 of the ICT Sector Code, both of which address Socio-economic Development (SED).


The Codes Statement 500 | paragraph 3.2.1 Key Measurement Principles states: SED Contributions consist of monetary or non-monetary contributions initiated and implemented favour of beneficiaries by a Measured Entity with the specific objective of facilitating income-generating activities for targeted Beneficiaries.


ICT Sector Code Statement AICT500 | paragraph 3.2.1 Key Measurement Principles states: SED Contributions consist of monetary or non-monetary contributions initiated and implemented in favour of beneficiaries by a Measured Entity to create sustainable access to the economy of those Beneficiaries.


Socio-Economic Development Services are available to assist Members with Socio-Economic Development strategies.

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