Definition of Global Practice

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

Global Practice

Means a globally and uniformly applied practice of a Multinational, restricting alienation of equity in or the sale of businesses in its regional operations. The practice must have existed before the promulgation of the Act;

BizAdvance Consulting comments and references:

Relates to the Ownership element of the scorecard. Refer also to Equity Equivalent contribution in these definitions.

Relates to the Ownership element of the scorecard, Statement 100, Page 14.

Refer to Equity Equivalent Contribution page 98 of the Codes.

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.