Page 103 - flipbook-ubp-IR

OUR FINANCIAL PERFORMANCE STATEMENTS
While the Board is responsible for controlling the Group’s overall operations, our employees are instrumental in enforcing good governance. To this end, a collaborative environment prevails to ensure that key information and guidance documents are made available to all employees.
Key Roles and Responsibilities
A Board Charter, a Directors’ Charter, position statement and job descriptions, duly approved by the Board, clearly define the roles and responsibilities of the Board, the Chairman, the Executive and Non-Executive Directors and the Company Secretary. The role and responsibilities of the Chairman leading the Board is distinct from those of the Group CEO, who manages the Group’s business on a day-to-day basis.
The above-mentioned documents are available on the Company’s website - www.ubp.mu.
Key Governance Positions
The Board promotes sound corporate governance practices to create and sustain value creation. The Chairman, the Group CEO, the Group CFO and the Company Secretary, who hold key governance positions, play an important role in ensuring that such practices permeate throughout the Group. Their key responsibilities are detailed hereunder and their respective profiles are detailed on pages 105 to 107 of this report.
Chairman
Effectively leads the Board
Guides and monitors the functioning of the Board of Directors, to encourage active participation of Directors, to ensure a smooth and timely flow of information to shareholders and to ensure the accurate documentation of proceedings
Encourages a culture of openness, respect and trust and ensures constructive board discussions
Develops and proposes to the Board of Directors the Group’s strategies for the sustainable creation of value for its stakeholders
Leads the executive management of the Group’s business in consistency with the strategy and commercial objectives agreed with the Board
Builds key partnerships with stakeholders and acts as a point of contact for important shareholders
Builds and maintains an effective top management team capable of delivering the Group’s strategy and commercial objectives and identifies, develops and recruits new talent to ensure effective succession for top management positions
Manages and controls all aspects of the Group’s businesses, ensuring that the Group’s operations are conducted within legal and regulatory requirements
Promotes a positive, constructive and ethical work climate
Group CEO
UBP INTEGRATED REPORT 2022 101
CORPORATE GOVERNANCE
Group CFO
Provides financial leadership to the Group and aligns the Group’s business and financial strategies