Definition of B-BBEE Controlled Company

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

B-BBEE Controlled Company

Means a juristic person, having shareholding or similar members interest, in which black participants enjoy a right to Exercisable Voting Rights that is at least 51% of the total such rights measured using the Flow Through Principle;

BizAdvance Consulting comments and references:

Relates to the Ownership element of the scorecard, 3.4.2.

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