LATEST FROM NEWSROOM OUR WEBSITES
x

Newsroom

Our Strategy

Our Strategy

Gamma-Civic Ltd is a listed investment holding company. Its main objectives are to safeguard and enhance its shareholders’ wealth, deliver an acceptable level of return to shareholders and continue to build a sustainable platform for consolidation, growth and profitability.

As an investment holding company with a private equity mindset, Gamma’s mission is to reinforce the performance of its existing investments while ensuring the sustainable growth of the Company and Group. Gamma maximizes value for its shareholders through socially-responsible business, corporate development and partnerships. Gamma is also geared towards examining non-core projects in new sectors, which will further enhance the growth of the Company and Group.

All clusters of the Group, including the holding company Gamma-Civic Ltd, are managed by professional managers who are accountable and answerable to their respective Board of Directors.

In June 2015, Gamma was one of the first companies in Mauritius to change its business model from a purely family-run business as the founders/owners/Executive Directors retired to hold only an office of Non-Executive Directors. The management of the businesses and operations was then passed on to professionals.

In so doing, Gamma-Civic Ltd has put in place a lean and fit-for-purpose organization and cost structure, which is in line with one of its main objectives, namely maximizing shareholder returns. This governance structure underpins the group’s overall plan to ensure business sustainability.

On 11 February 2011, the Board of Gamma Civic Ltd passed a resolution for the implementation of a Group wide governance system as part of its vision to consistently maintain a leading position in the different sectors in which it operates through the adoption of best practices, and for the protection and enhancement of the Company’s value.

The following definition of corporate governance by the Organization for Economic Co-operation and Development (OECD) serves as the founding concept for the further elaboration of the governance system to be applied to all companies which form part of the Gamma Group:

“Corporate Governance is the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs”.

Furthermore, on 27 March 2014, Gamma-Civic Ltd adopted a charter, the Gamma Charter, which is guided by the National Code of Corporate Governance, which was formulated in April 2004, and by the Companies Act 2001.

Today in 2017, the Gamma Charter, which was a forward-looking document, remains very much in line with the newly proposed Code of Corporate Governance.

The Charter establishes and stipulates a governance framework, which is the rules, regulations, organization and governance principles which must permeate all levels of the Gamma Group in order to:

  1. Value Rights- Preserve the valued rights of the Shareholders of Gamma-Civic Ltd and ensure that Gamma-Civic Ltd has sound governance practices throughout the organization;
  2. Effective Oversight- Enable the Board of Gamma-Civic Ltd, acting on behalf of the Company, to have effective oversight of the management of its Group Companies;
  3. Respective Roles & Responsibilities- Clarify the respective roles and responsibilities of Board members and senior executives of the Gamma Group, charged with the executive management of the Gamma Group of companies; and
  4. Protocols & Policies- Establish protocols and policies to promote compliance and consistency within an overall Gamma Group framework of policies and strategies.