Strate continues to create an increasingly diverse workforce through the advancement of previously disadvantaged people and the empowerment of women.
Broad-Based Black Economic Empowerment (B-BBEE) aims at substantially increasing black participation at all levels in the economy. This strategic imperative tries to redress the imbalances of the past by transferring more ownership, management and control of South Africa's financial and economic resources to the majority of its citizens. It also aims to ensure broader and more meaningful participation in the economy by black people.
Strate believes that B-BBEE is a component of the broader transformation imperative in our country. Strate believes that the starting point of our sustainable business is to understand the moment we are in, to understand the forces that shape the behaviour of our clients, and to lead our employees towards using our resources to create sustainable value to the market. Strate's approach to transformation is to address the elements of the B-BBEE scorecard as identified in the Codes of Good Practice.
In executing its B-BBEE strategy, Strate will remain focused, delivering clearing and settlement services while ensuring good corporate governance and citizenship. The company will follow an integrated approach which seeks to engage all stakeholders in creating an enabling environment that contributes to the development of the country and the transformation of South Africa's economy. In its ongoing quest to meet its transformation objectives, Strate has devised its transformation strategy and plan for the next 5 years.
Strate is a level 3 contributor to Broad-Based Black Economic Empowerment with 137.5% recognition level.
As an empowered company, Strate aims to have equal representation within the company. At executive management level, the team is distributed equally of both men and women. It is both honoured and proud to have a female CEO at the helm of a company that achieves risk mitigation.
Strate strongly values the role that both men and women play in the workplace and recognised that they equally bring a wealth of experience and knowledge to the table. Strate has supported gender equality in the workplace since its start.