Investor Centre

Our principles and commitment

At MCB, we believe that sound corporate governance is an important element in creating and sustaining shareholder value. This is ensured through bank-wide awareness of its operating ethics and the stewardship and close supervision of the management of the Bank by the Board of Directors.

As part of the established practice and given the fact that the challenging economic and business environment underscores even more the need for observing high levels of transparency, accountability and integrity, the Board is dedicated to continuously foster a corporate culture that emphasises good corporate governance.

Download our latest Corporate Governance Report (extracted from Annual Report 2011)

Adherence to advocated practices

Adherence to corporate governance practices is articulated in a number of corporate documents. The Bank issued a Code of Conduct in February 2002, based on the model code of the Joint Economic Council (JEC), as appropriately adapted to meet its own specific needs and updated on a regular basis. The Code of Conduct is communicated to all employees and the latter is expected to observe high standards of integrity and fair dealing in relation to customers, staff and regulators in the communities in which the Bank operates

The Bank also adheres to the Code of Banking Practice based on the Mauritius Bankers' Association (MBA) Code of Banking Practice issued in 2007. The Code aims to set our standards of good banking practices that the Bank should observe in its dealings with customers and potential customers. Furthermore, besides adhering to the Code of Corporate Governance for Mauritius, the Bank's governance practices are also aligned to Basel Committee standards.

Download the latest MBA Code of Banking Practice
Download the Report on Corporate Governance for Mauritius

Shareholder relations and communication

The Board aims to properly understand the information needs of all shareholders and places great importance on an open and meaningful dialogue with all those involved with the Company. It ensures that shareholders are kept informed on matters affecting the MCB. Besides official press communiqués, occasional letters to shareholders where appropriate as well as the holding of investor meetings and road-shows, the Bank's website, hosted at www.mcb.mu, is used to disseminate, on a timely and regular basis, updated information about the Bank's share price, interim and audited financial statements including the quarterly Group Management Statement which highlights the key features of the organisation's financial performance; amongst others. Overall, open lines of communication are maintained to ensure transparency and optimal disclosure. All Board members are requested to attend the Annual Meeting to which all shareholders are invited.

Investor presentations can be viewed and downloaded in the Events and Presentations section