Constance Hotels Services Ltd (CHSL) is a Public Interest Entity as defined by the Financial Reporting Act 2004. The Board is ultimately responsible and accountable for leading and controlling the Company, in accordance with the terms of reference outlined in the Board Charter, and meeting all legal and regulatory requirements. The Board acts in the best interests of the Company and its business, whilst taking into consideration the interests of the Company’s Shareholders and other Stakeholders.
Constance Hotels Services Limited is engaged in adhering to the National Code of Corporate Governance for Mauritius (2016) issued by the National Committee on Corporate Governance and in upholding standards of corporate governance through company-wide awareness of its business ethics and the stewardship and supervision of its Management by the Board of Directors (“Board”) and Committees of the Board.
Board and Board Committees
The Company is managed by a unitary Board. At year end, the Board consisted of two Independent, five Non-Executive and three Executive Directors, including two female Directors. The Chairman is a Non-Executive Director.
The Board structure consists of the Board of Directors, the Audit (Risk Management) Committee, the Corporate Governance Committee, the Nomination and Remuneration Committee and the Company Secretary, underpinned by related Charters, Policies and Codes.
Board of Directors Charter
Audit (Risk Management) Committee Charter
Corporate Governance Committee Charter
Nomination and Remuneration Committee Charter
Nomination and Appointment Process
George J. DUMBELL
Preetee JHAMNA RAMDIN
Catherine FROMET DE ROSNAY
Noël Adolphe VALLET
Clément D. REY
The Company Secretariat function has been entrusted to ECS Secretaries Ltd, represented by Mrs Marie-Anne Adam and Mr Yan Béchard. Both are fully qualified secretaries from the Institute of Chartered Secretaries and Administrators (ICSA). As such they qualify to act as Company Secretary in accordance with qualifications required by the Companies Act 2001.
Key Senior Governance Executives
Jean Jacques Vallet
Executive Director and Chief Executive Officer (CEO).
Appointed Director in March 2012
The CEO role has two primary objectives:
1. To optimise short term (annual) results for Constance Hotels in terms of profitability, quality, productivity and revenue and;
2. To drive long term wealth creation and return to shareholders through effective business development and brand management initiatives.
In order to achieve this, the CEO provides leadership and direction to the Executive Team of Constance Hotels so as to ensure that the performance of all Business Units is in alignment with agreed strategic objectives approved by the Board. A key focus of the role is also to actively identify new opportunities for partnerships and management contracts that will effectively position the brand name on an international scale.
Chief Operations Officer (COO).
The primary objective of the COO is to maximise the operational, human, administrative and financial performance of all hotels in the Constance Hotels group. This is achieved by providing direction and leadership to all Hotel GM’s to remove barriers and facilitate the accomplishment of performance objectives. This job also plays a key role in supporting the group’s expansion initiatives through developing and exploring new opportunities for partnership and business development internationally.
Siegfried Espitalier Noël
Chief Marketing Officer (CMO).
The primary objective of this role is to maximise revenue growth for Constance Hotels, through all channels of distribution. This is achieved by directing, planning and implementing effective marketing and sales strategies across all geographical regions and channels in order to reach targeted audiences.
Kevin Chan Too
Constance Group Head of Finance.
The Constance Group Head of Finance is mainly responsible for the finance, accounting, treasury and internal control functions of the Group.
Chief Finance Officer.
The Chief Finance Officer position is accountable for the administrative and operational finance of Constance Hotels Group, to intervene in risk management reporting and procedures and to implement financial and operational targets, budgets and metrics tied to that strategy. He intervenes with several departments in the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
Statement of Major Accountabilities
Position Statements of Key Senior Governance Positions
Codes & Policies
The organisation’s Code of Ethics and Conduct
The Code of Ethics and Conduct for Directors
The Conflict of Interest and Related Party Transactions Policy
The IT Information Security Policy
The IT Code of Practice
All policies, codes and charters are approved by the Board on the recommendation of its relevant Committee and are applied throughout the Group. Certain Policies and Codes are subject to review at least annually whilst Charters are reassessed every two years, unless otherwise required.