CIM FINANCE. INTEGRATED REPORT 2022 | 91 STATEMENT OF COMPLIANCE (Section 75 (3) of the Mauritian Financial Reporting Act) Name of PIE: CIM Financial Services Ltd Reporting Period: FINANCIAL YEAR 2021-2022 CIMFinancial Services Ltd is a public interest entity and is, as such, required to adopt corporate governance principles in accordance with the National Code of Corporate Governance (2016) (the ‘Code’). Throughout the year ended 30 September 2022, to the best of the Board’s knowledge, CIM Financial Services Ltd has complied with and applied all the principles set out in the Code and explained how these principles have been applied, except for Principle 2, which requires that ‘the Chairperson of the Audit Committee should be an independent director. Having completed 9 years on the Board, Mr Amédée Darga is now classified as a Non-Executive director. However, the Board has thought it fit to maintain Mr Darga as Chair of the Audit and Compliance Committee given his track record, independence of character and judgement and the fact that he meets all of the other criteria set out to test for director independence in the National Code of Corporate Governance. Aisha Timol Mark van Beuningen Independent Director Executive Director and and Chairperson Group Chief Executive Officer 23 December 2022 23 December 2022
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