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  • Governance

Governance

At Rogers

The Board of Rogers is committed to constantly reinforce its corporate governance structures in these unprecedented times arising from the COVID-19 pandemic. It has remained agile online, especially during the lockdown period, overseeing operations, receiving regular business updates and dedicating time to deliberate on urgent matter, emerging risks and uncertainties, so that appropriate actions could be taken.

Agility was of the essence during such period to manage risks and ensure business continuity. The board dynamics of Rogers has evolved significantly as virtual board meetings materialised to speed up decision-making. The Board of Rogers stepped up to support and challenge management operating in highly stressful conditions. Moreover, all officers of Rogers stepped up in their roles and functions to embrace the new realities. The safety of employees, digital technology, containing costs, preserving cash and generating new streams of revenue became new priorities.

Governance

At Rogers

The Board of Rogers is committed to constantly reinforce its corporate governance structures in these unprecedented times arising from the COVID-19 pandemic. It has remained agile online, especially during the lockdown period, overseeing operations, receiving regular business updates and dedicating time to deliberate on urgent matter, emerging risks and uncertainties, so that appropriate actions could be taken. Agility was of the essence during such period to manage risks and ensure business continuity. The board dynamics of Rogers has evolved significantly as virtual board meetings materialised to speed up decision-making. The Board of Rogers stepped up to support and challenge management operating in highly stressful conditions. Moreover, all officers of Rogers stepped up in their roles and functions to embrace the new realities. The safety of employees, digital technology, containing costs, preserving cash and generating new streams of revenue became new priorities.

Governance

Framework

Shareholders and
Other Stakeholders

    Board

    Of Directors

    The Board of Rogers assumes responsibility for leading and controlling the organisation and meeting all legal and regulatory requirements. Rogers is headed by a unitary Board comprising of 12 directors. The profiles of directors including their areas of expertise and their full directorship are available on: https://www.rogers.mu/content/board-directors.

    a. Composition of the Board

    The composition of the Board and the category of directors are set out on page 44 of the Annual Report. As at 30 June 2020, there were four Executive Directors, five Non-Executive Directors and three Independent Non-Executive Directors who satisfied the independence criteria tests of Principle 2 of the Code of Corporate Governance. The size of the Board is in line with s.79 of the Constitution of Rogers. Furthermore, all Directors reside in Mauritius.

    b. Nomination Process and Appointment of Directors

    The nomination process and appointment of directors is available on: https://www.rogers.mu/sites/default/files/ nomination_process_0.pdf. A directors’ and officers’ liability insurance policy has been subscribed to and renewed by Rogers. The policy provides cover for the risks arising out of the acts or omissions of the Directors and Officers of Rogers Group. The cover does not provide insurance against fraudulent, malicious or wilful acts or omissions.

    Other

    Matters

    Board Bonding

    While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

    The economic impact of the crisis was almost immediately felt in Mauritius, and Moody’s downgraded the country’s sovereign credit-rating from Baa1-stable to Baa1-negative. Nearly all key economic indicators worsened immediately. The most notable one was the number of tourist arrivals from January to December 2020 plummeting by 78% as compared to the corresponding period in 2019. The Mauritian economy is expected to contract by at least 15%

    Policies

    While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

    Policies

    While the pre-COVID-19 economic outlook was already affected by prolonged instability within the Eurozone and rising trade tensions between the United States and China, the COVID-19 outbreak has cast a shadow of uncertainty across the entire world since early 2020.

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