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Effective and sustainable good governance practices of family businesses

Directors Forum

Publication No. 6 - November 2021 | A joint initiative by MIoD and PwC

Effective and sustainable good governance practices of family businesses

November 2021

The objective of Position Paper 6 is to provide a guide to the effective and sustainable good governance practices of family businesses while highlighting the common challenges faced and coming up with their solutions. The Paper also guides family-controlled companies falling under the scope of the National Code of Corporate Governance for Mauritius (2016).

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Julien Tyack - PwC Mauritius

Many conglomerates in Mauritius follow a "hybrid" structure, where the family DNA still prevails, although most of them are listed on the stock exchange, and therefore under the control of stricter regulations and the rigorous eyes of society. During the past two years, family businesses have shown their resilience, with great capacity to adapt to the challenges arising from the pandemic.

However, a lot of work remains to be done, namely initiatives related to digitisation and technology, as well as having a comprehensive long-term strategic plan around the broader environmental, social and governance (ESG) issues.

Julien Tyack, Head of Risk Assurance Services and Family Business Leader

About the Directors Forum 

To support the MIoD in building more effective boards and to promote good corporate governance, the Directors Forum (the Forum) was set up in 2012, in collaboration with PricewaterhouseCoopers (PwC) Mauritius.

The Forum acts as an Advisory Council and Technical Committee to the MIoD. 

Its objectives are to:

  • Identify issues which are of most concern to directors,
  • Produce position documents and, through consultation with Government and regulators, contribute to policy development, 
  • Be the voice for governance and directors’ issues in Mauritius,
  • Develop guidance on governance issues in Mauritius.

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Contact us

Anthony Leung Shing, ACA, CTA

Anthony Leung Shing, ACA, CTA

Country Senior Partner, PwC Mauritius

Tel: +230 404 5071

Julien Tyack

Julien Tyack

Partner, Risk Assurance Services, PwC Mauritius

Tel: +230 404 5210

Ariane Serret

Ariane Serret

Senior Manager, Clients and Markets Development, PwC Mauritius

Tel: +230 4045029

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