Board of Directors
The Board is led by the Chairman while the executive management of the Company is led by the Chief Executive Officer Mr Andries Nathaniel Viljoen. The roles of the Board and Management are separate and recognized in terms of the Report on Corporate Governance for Mauritius. The role of the Board is to provide entrepreneurial leadership of the Company within a framework of prudent and effective controls, which enables risk to be assessed and managed.
There were 15 directors serving on the Board of Air Mauritius as at March 31, 2013. All were non- executive directors except for the Chief Executive Officer. The non-executive directors are drawn from a diversity of businesses and other backgrounds, so as to bring a broad range of views and experiences to Board deliberations. Although the Board is presently composed of one executive director, it is of the view that the spirit of the Code is being respected in view of the attendance and participation of Senior Executives at all board meetings and deliberations on matters such as strategy and investment.
The Board acknowledges that the current practice is for the controlling shareholder to propose members of the Board for election by shareholders at the Annual Meeting of the company. Two of these are independent directors as defined in the Report on Corporate Governance for Mauritius. In line with the Code, all directors stand for re-election on a yearly basis. Nominations to the various committees are also made on a yearly basis.
Specific responsibilities are assigned to sub- committees of the Board, namely, the Audit Committee, the Risk Management Steering Committee, the Corporate Governance Committee and the Senior Officers Remuneration and Selection Committee which act within the parameters of their clearly defined terms of reference. As and when necessary other committees may be set up by the Board on an ad-hoc basis to deal with specific issues of relevance to the Company.