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.
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.
Anthony Leung Shing, ACA, CTA
Country Senior Partner, PwC Mauritius
Tel: +230 404 5071
Partner, Risk Assurance Services, PwC Mauritius
Tel: +230 404 5210
Senior Manager, Clients and Markets Development, PwC Mauritius
Tel: +230 4045029