The main objective of this paper is to introduce the principles of Board Evaluation, highlight the aim of such evaluation, as well as the advantages, and analyse the elements to be evaluated.
The paper also provides a variety of approaches to the various methods of evaluation to assist local companies that are willing to carry out such an evaluation. For companies who question the objectivity of such an exercise being done internally versus externally, the advantages and disadvantages are listed in this guide.
The paper acts as a guide for companies falling under the scope of the National Code of Corporate Governance for Mauritius (2016) and companies that aspire to enhance their Board effectiveness.
About the Directors Forum
Its objectives are to:
Publication No.3 - September 2014
This Guide represents best practice on a world wide scale and while certain practices will seem very advanced for Mauritius, the overall purpose of this Guide is to encourage Boards to review their approach to shareholder engagement and adopt proactive and effective strategies to enhance their relationship with their shareholders.
Publication No.2 - December 2013
This Guide has largely been inspired by the work of the Ethics Institute of South Africa, with which the MIoD has an MOU, and by the work of its CEO, Prof Deon Rossouw, and his collaborator Leon van Vuuren, in their book “Business Ethics” (Oxford University Press). We thank Prof Rossouw for his precious collaboration. In this Guide we refer to Codes of Ethics, which govern decision-making, and Codes of Conduct, which govern actions.
Publication No.1 - September 2012
The purpose of this paper is to promote best practice through practical guidelines for the selection and nomination of directors in order to ensure that the Board consists of members with diverse skills and competencies, whilst ensuring a formal and transparent process for shareholders to recommend potential candidates.