So you need to become compliant?
If you need to be compliant, you will need to follow a long term process, that in the end becomes a habit.
If you cannot answer “Yes” to every question in this checklist, you are likely to fail, or not achieve your own targets.
1) Does the board of directors understand B-BBEE, and why your company needs it?
2) Has the board set a specific BEE target?
3) Has the board issued policies around supporting BEE to achieve targets?
4) Do the top management and senior manager understand BEE?
5) Has the company set policies for BEE and each individual element and indicator?
6) Has the company set achievable targets for each indicator, element and overall BEE levels for the next 4 years?
7) Does the company measure its activities against targets, at least on a quarterly basis?
8) Does the company know the gaps between target and achieved for each indicator and each element?
9) Has the company identified every employee who can contribute to achieving targets for any one indicator or element?
10) Does the company have an achievable plan to reach targets for each indicator, element and overall BEE levels?
11) Is reaching interim targets a KPI for the MD and some employees?
12) Do you routinely ask your suppliers for their BEE scores?
In addition, if you answer “Yes” to any question in this checklist, you are likely to fail, or not achieve your own targets.
1) Do you rely solely on your consultant/auditor or verification agency to “do your BEE”, make your file and collect your data?
2) Is the BEE champion a junior member of staff – not a director?
3) Do you rely on your verification agency to give you your score?