Constance Hotels, Resorts and Golf | Annual Report 2023

118

Corporate Governance

Constance Hotels Services Limited

Annual Report 2023

119

Corporate Governance

Constance Hotels Services Limited

Annual Report 2023

Other Statutory Disclosures (Pursuant to section 221 of the Companies Act 2001)

Relations with Key Stakeholders

7. RELATIONS WITH KEY STAKEHOLDERS (continued)

Remuneration and benefits paid by the Company and its subsidiaries to the Directors during the year under review were as follows:

7.7 Stakeholder Engagement (continued)

REMUNERATION AND BENEFITS RECEIVED FROM THE HOLDING COMPANY FROM SUBSIDIARIES TOTAL (MUR’000)

STAKEHOLDERS EXPECTATIONS

MODE OF ENGAGEMENT/COMMUNICATION FREQUENCY

Non-Executive/Independent George J. DUMBELL – Chairman

Local Communities and NGOs

- Responsible business practices, taking into consideration social and environmental issues. - Operations that do not jeopardise the local communities and affect basic needs such as water and electricity. - Contribution to the economic and social progress of the local communities. - Responsiveness to material issues raised by the local communities. - Respect of the local cultures and values. - Compliance with all applicable laws and regulations. - Ensure the sustainable development of the tourism industry. - Promote a business-enabling environment. - Anticipate industry-related risks and mitigate their impact. - Compliance with all applicable laws and regulations. - Contribute to job creation and other economic goals in a sustainable manner.

Community engagement programmes

Ongoing

Volunteering

Ongoing

571

-

571

Fundraising and cash contributions

Ongoing

Jean-Philippe COULIER

417

-

417

In-kind donations

Ongoing

Marc FREISMUTH

221

-

221

Disaster relief initiatives

As and when required

Catherine FROMET DE ROSNAY

232

-

232

Gianduth JEEAWOCK

153

-

153

Support to NGOs: through Fondation Constance: Etoile de Mer School, Friends of the Poor, Centre Joie de Vivre, Caritas – Ste Ursule, AILES, SAFIRE and Centre d’Accueil de Terre Rouge

Ongoing

Preetee JHAMNA

285

-

285

Jean RIBET (Up to 05 April 2023)

25

-

25

Georgina ROGERS

256

-

256

Industry Associations Active collaboration to:

Green Globe

Annual

Noël Adolphe VALLET

243

-

243

Leading Hotels of the World

Annual

Total Non-Executive/Independent

2,403

-

2,403

Active participation in relevant Ongoing industry associations

Ongoing

Executive Clément D. REY

Partnerships

Ongoing

-

-

-

Government and Regulators

Regulatory filings: Registrar of Companies, Stock Exchange of Mauritius, Financial Services Commission, Financial Reporting Council, Mauritius Revenue Authority, Data Protection Office, Ministry of Labour, Industrial Relations and Employment

As applicable

Jean-Jacques VALLET

-

28,351

28,351

Total Executive

-

28,351

28,351

GRAND TOTAL

2,403

28,351

30,754

Providers of Finance - Good business relationships.

Regular meetings Frequent supply of financial information

Ongoing

- Ability to meet contractual obligations.

Directors’ Service Contracts

Business Partners

Long-term business relationships through: - Mutual respect - Good faith

Contracts/Agreements Meetings

Ongoing

Mr George J. Dumbell, Chairman of the Company, has a service contract which expires on 31 December 2024. The other Directors do not have service contracts with the Company, but letters of appointment.

7.8 Calendar of Important Events

Mar

May

Jun

Aug

Nov

Dec

Approval of second-quarter results

Declaration and payment of dividend

Approval of audited financial statements

Approval of first quarter results

Annual Meeting of Shareholders

Approval of third quarter results

Note: The events can be subject to change.