Definition of Rights of Ownership

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

Rights of Ownership

Is a collective term for the right to Economic Interest and the right to Exercisable Voting Rights;

BizAdvance Consulting comments and references:

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

Points are earned on the Ownership scorecard for the percentage Economic Interest (typically dividends paid), and the percentage Voting Rights, that accrue to black shareholders. Refer to clauses 2.1 and 2.2 page 16.

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.