The high standards of a major company with an added Mauritian touch
The Board is accountable to the Company’s shareholders for good governance and is committed to ensuring that the interests of all stakeholders are given due consideration.
In line with the Code of Corporate Governance for Mauritius issued by the National Committee on Corporate Governance under the Financial Reporting Act 2004 (the ‘Code’), the Board of Directors has set up various committees to assist in the execution of its responsibilities and to ensure compliance with the provisions set out in the Code.
The role of the Board is to:
- Establish policies,
- Make significant and strategic decisions, and
- Oversee the organisation’s activities.
The Board sets the Company’s strategic targets, ensures that the necessary financial and human resources are in place to meet its set objectives and reviews the performance of the Management. The Board's mission also includes delineating the Company’s values and standards while also ensuring that its obligations to all stakeholders are met.
The Board has 6 sub-Committees, outlined below, that meet regularly under the terms of reference set by the Board. Specific responsibilities are assigned to sub-committees of the Board, namely, the Audit Committee, the Risk Management Steering Committee, the Corporate Governance Committee, the Executive Committee, the Staff Committee and the Finance Committee, whereby all of them act within the parameters of their clearly defined terms of reference.
1) Audit Committee
2) Risk Management Steering Committee
3) Staff Committee
4) Corporate Governance Committee
5) Finance Committee
6) Executive Committee