ATTENDANCE INTERESTS REMUNERATION CATEGORY BOARD MEETINGS ACC CGCRC RMC BIC ESGC ITDC DIRECT INDIRECT MUR TIMOL, Aïsha IND 7/7 n/a 4/4 n/a 3/3 n/a n/a 0.0012 nil 1,630,000 DARGA, Amédée NED 7/7 7/7 n/a n/a 3/3 n/a 4/4 0.0013 nil 1,010,000 JAUNBOCUS Fareedooddeen IND 7/7 7/7 n/a 4/4 n/a n/a 4/4 nil nil 1,010,000 MOTET, Denis IND 7/7 7/7 n/a 4/4 n/a n/a 4/4 0.015 nil 1,140,000 RAMDOSS, Sharona1 IND 7/7 7/7 n/a n/a 1/1 1/1 n/a nil nil 820,000 SOMEN, David NED 7/7 n/a 4/4 n/a n/a n/a n/a nil nil 1,043,475 TAYLOR, Colin NED 7/7 n/a n/a 4/4 3/3 n/a n/a nil 4.20 470,000 TAYLOR, Matthew NED 7/7 n/a n/a 4/4 n/a n/a 4/4 0.0059 1.64 730,000 TAYLOR, Philip NED 7/7 n/a 4/4 n/a n/a n/a n/a nil 4.20 660,000 TAYLOR, Timothy NED 7/7 n/a 3/4 n/a 3/3 1/1 n/a 0.4108 8.09 840,000 CHAN AH SONG, Jenny2 IND 4/4 n/a 1/1 1/1 n/a n/a 1/1 nil nil 460,000 MAHARAHAJE, Ambrish3 ED 4/4 n/a 1/1 2/2 1/1 1/1 n/a 0.0022 nil 14,867,631 VAN BEUNINGEN, Mark4 ED 3/3 n/a 1/2 1/2 1/1 n/a n/a nil nil 20,039,741 Note 1: Ms Sharona Ramdoss was appointed as member of the BIC on 15 May 2024. Note 2: Mrs Jenny Chan was appointed as director of the Company on 19 February 2024 and as member of the RMC, CGCRC and ITDC on 15 May 2024. Note 3: Mr Ambrish Maharahaje was appointed as director of the Company on 01 April 2024 and as member of the RMC, CGCRC, ITDC and the BIC on 15 May 2024. Note 4: Mr Mark van Beuningen stepped down as director of the Company on 12 February 2024. Key: IND – Independent Director | NED – Non-Executive Director | ED – Executive Director 2.4 Appointment The Board, supported by the CGCRC, assumes the responsibilities for succession planning and for recommending the appointment of new Directors to the shareholders of the Company. Identifying key candidates for leadership positions helps ensure business continuity and enables the continuous execution of the Group’s strategy. The process for the appointment of Directors, which is made in a transparent and formal manner, is available on the website of the company (https://www.cim.mu/governance-cfsl.html). When appointing Directors, the Board considers its needs in terms of size, experience, skills and diversity. The total number of Directors shall not at any time exceed the number fixed in accordance with the constitution. It is to be noted that any Director over the age of 70 is appointed at the Annual Meeting of Shareholders (‘AMS’) in accordance with section 138(6) of the Companies Act 2001. All Directors will stand for re-election by way of separate resolutions at the Annual Meeting of Shareholders of the Company scheduled in February 2025. 2.5 Induction and Orientation The Board is responsible for the induction of new Directors to the Board, a process facilitated by the Company Secretary. The induction programme has been designed to make Directors fully aware of their legal duties and to acquaint them with the Company’s structure, strategies, mission and values, thus enabling them to effectively participate in strategic discussion as from the beginning. Mrs Jenny Chan and Mr Ambrish Maharahaje were appointed as Independent Director and Executive Director of CFSL respectively during the financial year under review. Mrs Jenny Chan was given an induction pack and was also given the opportunity to meet the Board Chairperson and some of CFSL’s key personnel. 2.6 Professional Development The Board reviews the professional development needs of Directors during the Board evaluation process and directors are encouraged to develop their skills and expertise on an on-going basis. They also receive regular updates on the latest trends and legislations affecting the business from management and/or other industry experts. A Board evaluation exercise was carried out October 2024 and the results were discussed at the CGCRC in November 2024. A workshop on Essentials of Sustainability for Leadership was organised in collaboration with PwC. In addition, directors followed the AML/CFT self-paced learning through CFSL’s SABA portal and attended a training on Cyber Awareness as delivered by BDO IT Consulting. 99 Introduction Group Overview Leadership Strategy & Performance Risk Management Corporate Governance Statutory Disclosures Financial
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