https://www.telecom.mu/assets/CorporateGovernanceView-BeXcoX0J.js

1import{d as O,H as P,o as H,a as K,c as a,l as b,e,t as s,u as l,F as r,h as d,k as f,p as D,R as B,m as h,j as p,v as w,r as q,b as n,_ as V}from"./index-25iNi6zz.js";import{L as $}from"./LandingHero-BOMzqeyu.js";import{F as j}from"./FibreBackground-uBo2RFs6.js";const z="For the reporting period ended 31 December 2025, the Board considers that the Company has complied in all material respects, as far as practical, with the principles of the National Code of Corporate Governance (2016).",k=[{id:"structure",nav:"Structure",title:"Governance structure",blocks:[{kind:"facts",items:[{label:"Legal status",value:"Public limited company, and a Public Interest Entity under the Financial Reporting Act 2004."},{label:"Shareholders’ Agreement",value:"Signed November 2000 between the Government of Mauritius and Rimcom Ltd, the strategic partner. It governs Board composition, and leaves succession planning for directorships at the discretion of the shareholders."},{label:"Board nomination",value:"The Government nominates five of the nine directors; Rimcom Ltd nominates four. Directors are appointed on competency, experience, age and gender diversity. Five directors are Mauritian residents; four are foreign citizens."},{label:"Substantial shareholders",value:"Holdings above 5% are shown in the holding structure. Employees and past employees hold 0.96% under a share participation scheme introduced in June 2007."},{label:"Dividends",value:"Distributed having regard to net results and financial performance, subject to capital and investment needs, at a level expected to remain sustainable in the medium and long term."}]}]},{id:"board",nav:"Board",title:"Board of Directors",blocks:[{kind:"facts",items:[{label:"Composition",value:"Nine members elected by the shareholders, headed by the Chairman. All are non-executive and non-independent."},{label:"Meetings",value:"Normally quarterly, or as required, with teleconferences when necessary. Directors are elected each year at the Annual Meeting of Shareholders."},{label:"Evaluation",value:"Carried out through a Self-Assessment Questionnaire reviewed by the Chairman and the Board."},{label:"Directors’ shareholding",value:"Mr Sarat Dutt Lallah, GOSK holds 53 shares, which is not significant. No other director holds shares in the Company or its subsidiaries."},{label:"Chief Executive Officer",value:"Appointed by the Board on proposal of the Government, after consultation with the strategic partner (Shareholders’ Agreement, s.4.2(c)). Accountable to the Board for the overall management and day-to-day operations of the Company and Group."},{label:"Company Secretary",value:"Co-ordinates Board, Shareholder and Committee meetings, advises on governance and compliance, and maintains the interest register required by law."}]},{kind:"sub",text:"Board Charter"},{kind:"ul",items:["Organisation of Board meetings","Quorum","Election of Directors","Voting rights of Directors","Dividend policy","Matters pertaining to Management","Annual business plan","Deadlock resolution"]}]},{id:"committees",nav:"Committees",title:"Board Committees",blocks:[{kind:"sub",text:"Remuneration Committee"},{kind:"p",text:"Reviews the terms and conditions of service of managerial and non-managerial staff, ensures remuneration packages remain competitive, and reviews the remuneration of directors. There is no long-term incentive plan for any Director."},{kind:"people",chair:"Sarat Dutt Lallah",members:[{name:"Alban Lo Gatto"},{name:"Devendre Gopaul"},{name:"Mahess Rawoteea"},{name:"Elsa Mainville",note:"until 22 April 2026"}]},{kind:"sub",text:"Audit / Risk Management Committee"},{kind:"p",text:"A standing committee assisting the Board with its fiduciary responsibilities. It reviews the financial statements and reporting process, oversees internal audit and the external auditors, monitors compliance, and approves risk policy annually. It also discharges the duties of the Corporate Governance Committee. Both committees’ remits extend to the subsidiaries in the MT Group; their full terms of reference are published separately."},{kind:"people",chair:"Mahess Rawoteea",members:[{name:"Fabrice André"},{name:"Elisabeth Medou Badang"},{name:"Hisham Rojoa"},{name:"Kritananda Naghee Reddy"},{name:"Elsa Mainville",note:"until 22 April 2026"}]}]},{id:"remuneration",nav:"Remuneration",title:"Remuneration of Directors",blocks:[{kind:"p",text:"Remuneration is a fixed fee plus variable fees determined by attendance at Board and Committee meetings, considered by the Remuneration Committee and approved by shareholders. No share options and no performance bonuses were paid; the Company has no share option plans."},{kind:"table",head:["Director’s name","Board and Board Committee fees (Rs)"],rows:[["Sarat Dutt Lallah, GOSK, Chairman","2,630,466"],["Devendre Gopaul","277,122"],["Mahess Rawoteea","301,422"],["Kritananda Naghee Reddy","349,800"],["Hisham Rafik Rojoa","284,322"],["Anandsing Acharuz (until 3 April 2025)","76,200"],["Mario Alain Chung Ah-Sue (until 31 March 2025)","64,500"]],note:"Fees paid by the C

1ompany to the Directors for 2025."},{kind:"table",head:["Director’s name","Board and Board Committee fees (Rs)"],rows:[["Alban Lo Gatto","331,800"],["Elsa Mainville","361,500"],["Elisabeth Medou Badang","342,600"],["Fabrice André","281,700"],["Jean Francois Thomas","87,900"]],note:"Paid to Rimcom Ltd for the above Directors, Rs 1,405,500 in total. No additional fees or allowances were received during the year."}]},{id:"audit",nav:"Audit & control",title:"Audit and internal control",blocks:[{kind:"facts",items:[{label:"External auditors",value:"Messrs Deloitte, appointed for the statutory audit of the year ended 31 December 2025. They agree the audit scope and plan with the Audit/Risk Management Committee, which evaluates their performance and findings as criteria for reappointment."},{label:"Internal audit",value:"Led by Pravish Kant Nuckchady, Head of Internal Audit and Risk Management, reporting directly to the Audit Committee. Neither the Board nor management restricts the scope of its review or its right to information."},{label:"Risk management",value:"Key risks and their management are described in the Annual Report’s Leadership and Governance section."},{label:"Business continuity",value:"A Business Continuity Management System designed to restore critical operations within defined recovery time objectives, maintained through risk assessments and Business Impact Analysis."},{label:"Cybersecurity",value:"A defence in depth strategy moving towards zero-trust, with continuous penetration testing, red-teaming and vulnerability management. Aligned to ISO/IEC 27001 and the NIST Cybersecurity Framework."}]},{kind:"sub",text:"Internal control mechanisms"},{kind:"ul",items:["Board committees with a specific focus","Clear roles and responsibilities, with well-defined lines of reporting","A formalised annual budgetary exercise, submitted to the Board for approval","Monthly monitoring of performance against budget, with explanations of variances","An Internal Audit Department reporting to the Audit Committee"]}]},{id:"shareholders-meeting",nav:"Shareholders",title:"Shareholders and stakeholders",blocks:[{kind:"p",text:"The Company is not listed on the Stock Exchange of Mauritius, so it does not set the advance reporting timetable required of listed companies. A formal Annual Meeting of Shareholders is held every year, with advance notice issued to directors and all shareholders under the Mauritius Companies Act 2001."},{kind:"table",head:["Event","Month"],rows:[["Financial year","January to December"],["Dividend declaration","Subject to adequate visibility on financial indicators"],["Annual Meeting of shareholders","June"]],note:"Calendar of key events."},{kind:"facts",items:[{label:"Key stakeholders",value:"Beyond shareholders: customers, employees, suppliers and creditors, regulators, and banks. The Group engages them through its websites (myt.mu and telecom.mu) and press communiqués."},{label:"Memorandum and Articles",value:"A public document, in conformity with the Mauritius Companies Act 2001. Members’ liability is limited and there are no pre-emptive rights. All ordinary shares rank equally for dividends and distributions. The Government holds a Special Share carrying the voting rights set out in Clause 2.1A."},{label:"Related-party transactions",value:"Disclosed in Note 34 to the consolidated and separate financial statements."},{label:"Management agreement",value:"Neither the Company nor its subsidiaries has a management agreement with a third party who is a Director, or with a company owned or controlled by a Director."},{label:"Conflicts of interest",value:"Dealt with under Clause 14 of the Company’s Articles of Association."},{label:"Donations",value:"Rs 000s 12,044 for the year ended 31 December 2025 (2024: Rs 000s 12,510). No political funding (2024: Nil)."}]}]}],J=[{value:"9",label:"Directors on the Board",sub:"Non-executive, elected by shareholders"},{value:"5 / 4",label:"Nomination split",sub:"Government of Mauritius / Rimcom Ltd"},{value:"2",label:"Board Committees",sub:"Remuneration, and Audit / Risk Management"},{value:"Deloitte",label:"External auditors",sub:"Statutory audit, year ended 31 Dec 2025"}],g={entity:"Mauritius Telecom Ltd",period:"Year ended 31 December 2025",text:"We, the directors of Mauritius Telecom Ltd, confirm that, to the best of our knowledge, Mauritius Telecom Ltd has complied with all of its obligations and requirements under the National Code of Corporate Governance for Mauritius (2016).",signatories:[{name:"Sarat Dutt Lallah, G.O.S.K.",role:"Chairman",date:"18 May 2026",signature:"sig-chairman.png"},{name:"Hisham Rafik Rojoa",role:"Director",date:"18 May 2026",signature:"sig-director.png"}],secretary:{name:"Deenavallee P. 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