Companies within the Altron group have committed to transformation targets that will see the group becoming a high-level BBBEE contributor by 2012.
The Altron Transformation Vision, which was adopted by management in April this year, was yesterday launched to Altron stakeholders and customers.
More 130 delegates from operations across the Altron group adopted a declaration committing themselves to implement targets that will see all of Altron companies being superior contributors to black economic empowerment by 2012, says Onkgopotse JJ Tabane, Altron Group executive: corporate affairs
Tabane says one of the most significant policy directives of this document is the fact that it links business performance of senior executives with the achievement of transformation goals.
This was done to ensure that management can integrate the requirements of the dti's Codes of Good Practice with transformation goals that require management to focus on issues such as Employment Equity, Skills Development as well as Enterprise Development.
As of the current financial year, a portion of the bonus of managers will be linked to targets set for each of the hundred operations of the Altron group.
Other key features of the transformation programme at Altron articulated by Vision 2012 include a continuous review of the ownership structures across the group and the implementation of recommendation following such a review over the next five years.
There will also be a focus on board representation at all Altron boards. Action in this regard has already been taken with the appointment of Barbara Masekela as a non-executive director to the Altron board as well as the appointment of Zakhele Sithole and Moses Sindane to the Altech board over the last few months.
Through a governance review exercise, the balance between non-executive and executive directors will also be reviewed to create an appropriate balance.
The group will also focus on making the high echelons of management representative of the population through a programme of mentoring, succession planning and identification of black talent for accelerated development programmes.
These projects have already started at Altech with the launch of the Altech Academy late last year as well as the identification of potential black candidates to fill senior posts in the group over the next few years.
Employment Equity will also receive attention with various group companies putting in place skills development interventions as well as reviewing bursary programmes that will build up scarce skills through partnerships with various higher education institutions.
A transformation committee led Tabane has been charged with the responsibility to monitor progress as well as give support to group companies in implementing the directives of Vision 2012. The team will strive to ensure that all companies achieve between Level 1 and Level 3 BEE Contribution by 2012.
"We believe that much has been achieved in the area of transformation at Altron," says chief executive Robert Venter. "However, we at Altron recognised that transformation cannot happen overnight and that a mind-shift change is necessary to make sure that these changes are aligned with its business objectives.
"ur recent Transformation Conference resolved that all managers will go through rigorous diversity training to empower managers in a group that is very diverse in its nature but strives to be on the cutting edge and a leader in its industry."