Property Sector Charter 2017

2.8 SUMMARY
The score for management control is lower than the set target. All its sub-elements, namely voting
rights, black executive directors, and black senior top management, and black other top management
had scores much lower than the set target. However, the sub-element black independent nonexecutive
directors was above set target.
Whilst there seem to be reasonable achievement (47%) of black independent non-executive directors
against set target of 40%, they seem not to have enough voting rights.
2.9 RECOMMENDATIONS
Property Sector needs to give Management Control some serious attention. The Property Sector should
put strategies in place to help enterprises to fully commit and develop plans that will enable them to
achieve set targets in Management Control particularly on Black Executive Directors, Black Senior Top
management and Black Top Other Management and with emphasis to Black female appointments.
Enterprises should be encouraged to employ black people and create mobility growth path route for
them towards Senior and executive management levels.
It is critical that ultimately the entities achieve a substantial change in the racial and gender
composition in management control and enhance the participation of black people including black
women in both Executive and Non-Executive position with full decision making powers in those entities
and ultimately in the property sector;
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