Constance Hotels, Resorts and Golf | Annual Report 2023

74

Corporate Governance

Constance Hotels Services Limited

Annual Report 2023

75

Corporate Governance

Constance Hotels Services Limited

Annual Report 2023

Governance Structure

Governance Structure

3. GOVERNANCE STRUCTURE (continued)

3. GOVERNANCE STRUCTURE (continued)

3.5 Committees of the Board (continued)

3.6 Corporate Structure

(As at 31 December 2023)

Nomination and Remuneration Committee (continued)

During the year under review, the Committee met on six occasions to review and make appropriate recommendations to the Board regarding:

Constance Hotels Services Limited Holding Company

- Progress on corrective measures taken following the Board and Committees self-evaluation; - Evaluation of nominees for the annual re-election of Directors; - Register of disclosures for Directors, Designated Employees and Associates; - Board and Committees’ composition and recommend the appointments of Directors, where appropriate; - Directorships on subsidiary and associated companies and appointment of Nominee Directors; - Annual assessment of the Independent Non-Executive Directors status; - Directors’ Development Programme; - Board Agendas; - Succession planning; - Executive Performance Development Programme; - Strategic Plan; - Delegation of Powers by the Board; - Organisational Chart; - Policies, Codes, Charters, Job Descriptions, Position Statements and Major Accountabilities of Key Governance Positions;

Constance Hospitality Training Centre Ltd Training Centre

99.99%

Tsarabanjina L’hotel Owner of Constance Tsarabanjina, Madagascar

37.50%

100%

49%

Ampasy Ltd Investment Company

Beach S.A Owner of Property

Constance Hotels Investment Limited Investment Company

100%

Moofushi Development Ltd Sub-lease Owner & Hotel Operator of Constance Moofushi, Maldives

100%

Tekoma Hotel Ltd Operator of Constance Tekoma Rodrigues

40%

100%

Ariatoll Services Ltd Management Company

Hotels Constance (UK) Limited Marketing

100%

- Annual salary and bonuses for Senior Management; - Initiation of a Governance Compliance Calendar; - New Defined Contribution Pension Scheme; and - Job Description of the Corporate Sustainability Manager.

Halaveli Development Ltd Investment Company

100%

65%

The Waterfront Pvt Ltd Sub-Lease Owner & Hotel Operator of Constance Halaveli, Maldives Le Refuge Du Pecheur Limited Owner of Constance Lemuria, Seychelles LRM Company Ltd Manager of Constance Lemuria, and Constance Ephelia, Seychelles

Constance Corporate Management Limited Corporate Services

42%

35%

During the year under review, the Committee also took note of the dates of Board and Committee meetings for 2024.

Constance Hotels International Services Limited Investment Company & Holder of Management Contracts

Port Launay Resort Limited Owner of Constance Ephelia, Seychelles

The Charter of the Committee and the Position Statement of the Chairperson are available for consultation on the Company’s website.

32.32%

99%

100%

White Sand Paradise Ltd Operator of C Mauritius - Palmar

86.4%

75%

Lagon De Rêve Limitée Asset Owner of C Mauritius - Palmar

40%

Mourouk Ebony Management Limited Operator of C Rodrigues - Mourouk

Constance Hospitality Management Limited Management Company

60%

100%

Beauport Industries Limited Operator of Constance Prince Maurice Constance Industries Limited Operator of Constance Belle Mare Plage

99.99%

99.99%