Implementing and managing BEE in Old Mutual

To ensure that the Financial Sector Charter is fully implemented throughout the business, the Old Mutual executive committee (EXCO) also makes up an Old Mutual Black Economic Empowerment Committee.

The executive overall in charge of Charter implementation is Khehla Mthembu. Reporting to him is a Programme Manager who has the responsibility of co-ordinating and leading specialist teams. The teams are active in maximising empowerment in each of the following:

• Human resource development
• Skills development
• Procurement and enterprise development
• Access to financial services
• Empowerment financing
• Ownership and control
• Corporate social investment.

An Old Mutual empowerment charter provides a framework for all activities and describes targets that exceed those contained in the Financial Sector Charter.

It is Old Mutual's stated objective to be an "A" contributor to black economic empowerment.