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The **PSE National Code of Corporate Governance 2022** is a comprehensive document that outlines the best practices for companies listed on the Stock Exchange of Mauritius (SEM). It's designed to align Mauritian corporate governance standards with international best practices, making the local market more attractive to global investors. The code covers a wide range of areas, from board composition and responsibilities to risk management and internal controls. One of the key highlights is the emphasis on board independence. The code recommends that boards should have a significant proportion of independent directors to ensure that decisions are made in the best interests of the company and its shareholders, not just management. This helps to prevent conflicts of interest and promotes objective decision-making. Another crucial aspect is the focus on transparency and disclosure. The code requires companies to provide timely and accurate information to stakeholders, including financial performance, corporate strategy, and governance practices. This helps investors make informed decisions and holds companies accountable for their actions. The code also addresses issues such as executive compensation, related-party transactions, and shareholder rights, all with the aim of promoting fairness and integrity in corporate operations.
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