Africa-Press – Mauritius. The role of good governance in ensuring that the appropriate safeguards are in place to prevent mishaps in organisation while improving its resilience, was underpinned by the Minister of Financial Services and Good Governance, Mr.
Mahen Kumar Seeruttun, this morning, as he launched a conference on the theme ‘Creating resilience through governance’ organised by the ICSA Mauritius Branch, at the Hennessy Park Hotel in Ebène.
On the same occasion, the official rebranding of the local branch name to ‘The Chartered Governance Institute, Mauritius Branch’, was made in presence of Minister Seeruttun, the President of the Chartered Governance Institute UK & Ireland, Ms.
Victoria Penrice, and the President of the Institute of Chartered Secretaries and Administrators (Mauritius Branch), Mr. Roodesh Muttylall. In his address, the Minister highlighted that the Chartered Governance Institute (CGI) has embodied the home of good governance for 130 years and expressed conviction that it will continue to play a pivotal role for the years to come.
He stated that the work that is being undertaken by the CGI is of utmost importance, as it represents the interest of company secretaries whose roles have expanded to navigate more complex board and compliance arrangements and also embraces the needs of practioners in other sectors, such as health, sport, education, and charities that regularly face new regulations to keep up to date in their field.
The Minister stressed that a well-developed corporate governance framework plays a major role in delivering resilience, which he emphasised, is an important organisational quality determining the rates of success in an increasingly interconnected world, for it is the key to long-term prosperity and enables quick and effective response to internal and external pressures.
This is why we need more professionals in the like of secretaries and administrators from CGI to drive the governance agenda for companies, he added. According to Mr.
Seeruttun, offering professional development opportunities in the field of governance not only allows organisations to operate in the most cost effective and efficient manner, but also fosters loyalty and confidence among staff, driving them to overcome challenges and achieve individual and company-wide goals.
On that score, he recalled that the Mauritius International Financial Centre boasts more than three decades of track record in cross-border investment and finance and offers an unparalleled well-regulated and transparent platform.
As an internationally recognised jurisdiction of repute, our International Financial Centre is home to international banks, legal firms, corporate services, investment funds and private equity funds, he informed.
It needs to be adequately manned in order to cater for the growing business and in order for the job to be done correctly, our jurisdiction is encouraging more students to study professional qualifications, he underlined.
The Minister further observed that corporate governance and artificial intelligence are closely linked, as AI technologies are increasingly being integrated into businesses, for which he said, an adequate governance structure is the solution to ensuring there is ethical use of these technologies.
Moreover, Minister Seeruttun affirmed that the Mauritius International Financial Centre has a robust and strong AML/CFT framework and assured that his Ministry will always work towards maintaining the good reputation of the jurisdiction.
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