Corporate Governance and Compliance

Corporate Governance Reviews

Corporate governance mainly deals with the creation of structures and processes, accompanied by the checks and balances required to enable directors to discharge their legal responsibilities.

BDO offers the following services to ensure that entities are in accordance with the principles of the new Code of Corporate Governance for Mauritius.

Board and Audit Committee Effectiveness Reviews

BDO has extensive experience in performing reviews of board and committee effectiveness to help the Board meet good practice requirements. We also design and deliver bespoke training for boards and audit committees on corporate governance.

Performance evaluation of key structures, dynamics, and processes

This is a focused review of the key provisions of major codes of governance and involves a detailed examination of board membership, committee reporting lines and communication processes with key decision makers and stakeholders.

Compliance Services

Organisations are facing increasingly complex regulatory changes and BDO Risk Advisory can help you in managing and meeting your compliance requirements. Through our global network team, we can help your organisation in designing and implementing a compliance program, in assessing its effectiveness and providing regulatory consulting.

AML/CFT

BDO assists financial services companies in identifying money laundering risk, detecting suspicious activity and complying with regulations and leverage technology. Our BDO approach also helps clients carefully consider important trade-offs for additional investments in AML programs and technology solutions.

We were approached to perform an independent review of the compliance framework of an offshore management company, including its client acceptance procedures and training of its staff. We assessed the adequacy and effectiveness of the various compliance pillars and investigated the management of suspicious activity monitoring. We also assessed the responsibilities of the Money Laundering Reporting Officer (MLRO) and the compliance framework with regards to the Board’s risk appetite and best industry practices and provided the necessary recommendations for a better performing framework.