Fin24 reports that the Black Management Forum (BMF) has established a litigation fund with the aim of taking legal action against "gross violations derailing transformation in South Africa".
The organisation indicated in a statement on Monday that the fund would be in line with a resolution to ramp up advocacy against non-compliant companies, as adopted at the BMF's 43rd national annual general meeting. The fund will "serve as a tool to enforce transformation in an effort to achieve justice, fairness and equity", the BMF said. According to the organisation, the fund will help the forum finance its efforts to hold public interest companies accountable for not achieving employment equity targets; to champion cost-effective "alternative dispute resolutions" in EE-related matters, in line with the Employment Equity Act and King IV governance guidelines; and to ensure that social and ethics committees prioritise employment equity and transformation as key performance indicators for public interest company boards.
- Read the full original of the above report at Fin24
- Read the BMF’s press statement in the above regard at BMF News
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