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).
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.
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.
Browse the latest related thought leadership
Download the full paper Publication No. 6: Effective and sustainable good governance practices of family businesses
Further languages
- Publication No. 5: COVID-19: Key considerations for Directors
- Publication No.4 - Board Evaluation
- Publication No.3 - September 2014: Engaging with Stakeholders - A Guide for Boards
- Publication No.2 - December 2013: An Ethics Guide for Boards
- Publication No.1 - September 2012: Best Practice Guidelines for the appointment of Directors
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Julien Tyack
Risk Assurance Services Partner and Sustainability Leader, PwC Mauritius
Tel: +230 404 5210
Ariane Serret
Senior Manager, Clients and Markets Development, PwC Mauritius
Tel: +230 4045029
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