Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Exercisable Voting Rights
Means a voting right of a Participant that is not subject to any limit;
BizAdvance Consulting comments and references:
Relates to the Ownership element of the scorecard, Statement 100, 2.1 page 16, as well as to the Management Control element Statement 200, 2.1 page 42.
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.