Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Forest Sector Charter
5. Key principles
5.5 B-BBEE and Good Governance
Good governance must underpin B-BBEE. All participants in the sector (management, labour, communities and government) need to adhere to the highest standards of good corporate governance to improve the quality and transparency of business in the sector. Good governance includes being compliant with legislation, following due process, applying fair labour practices, being socially responsible and applying environmentally sustainable business practices. Fronting as a disguise for B-BBEE will not be acceptable and will be dealt with in accordance with the DTI guidelines.