Corporate Governance
Non-Executive Director
On 24 January 2014, CIEL Investment Limited was amalgamated with and into Deep River Investment Limited (“DRI”). DRI, as surviving company post Amalgamation, was renamed CIEL Limited. CIEL is also registered as a Reporting Issuer with the Financial Services Commission since the promulgation of the Securities Act 2005. CIEL is an international Mauritian Group, listed on the Stock Exchange of Mauritius and on the SEM Sustainability Index. The Group invests and operates in 6 strategic sectors, namely Textile, Finance, Healthcare, Hospitality, Property and Agriculture.
The Board of CIEL has established three committees, namely, the Audit & Risk Committee, the Corporate Governance, Ethics, Nomination & Remuneration Committee and the Investment Committee which are responsible for assisting the Board in discharging its responsibilities.
Each committee acts according to clearly defined terms of reference approved by the Board and reports to the Board on matters discussed at committee meetings. Board Committees are entitled to take independent and external professional advice, as and when necessary. Senior Management as well as internal and external auditors regularly attend Committee meetings to report on specific issues.