Title: Enshrining principles of corporate governance in the legislative framework on insurance in Mauritius: a critical assessment

Authors: Bhavna Mahadew

Addresses: University of Technology, La Tour Koeing, Pointe aux Sables, Mauritius

Abstract: The advent of the Insurance Act 2005 of Mauritius has no doubt revolutionised the insurance sector for the last 15 years. However, with the evolution of crimes especially cyber ones, there has been a pressing need for the legislative framework on insurance to be reviewed. With the recent scandals that the sector has known, it has been widely argued that they could have been avoided with the correct infusion and enshrinement of the principles corporate governance as provided for by the 2016 Code of Corporate Governance. This article assesses the legislative framework on insurance to find that some of the major components are already deeply engrained. This article finds that there are still some components of corporate governance which have not been crystallised in Mauritian law. It advocates and recommends for their implementation or enshrinement in law.

Keywords: Mauritius; insurance; corporate governance; Insurance Act 2005; 2016 Code of Corporate Governance Mauritius.

DOI: 10.1504/IJCG.2024.139775

International Journal of Corporate Governance, 2024 Vol.14 No.3, pp.212 - 228

Received: 23 Apr 2023
Accepted: 15 Dec 2023
Published online: 05 Jul 2024 *

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