pwc corporate reporting awards 2018 2018... · 2018-03-29 · corporate reporting awards - judging...

Integrated Thinking Corporate Reporting Awards

March 2018

www.pwc.com/mu/cra

PwC

Our programme for tonight

Opening speech by André Bonieux, Senior Partner

Address by the Hon. Ivan L. Collendavelloo, G.C.S.K, SC, MP Deputy Prime Minister and Minister of Energy and Public Utilities

Guest speech by Dr Chris Pierce, Principal Author of the New Mauritian Code

Panel discussion - Challenges and Benefits of Integrated Reporting

Judging Panel Findings and Awards by Olivier Rey

Slide 2

01 March 2018Corporate Reporting Awards - Judging Panel Findings

PwC

The Corporate Reporting Awards process

Olivier Rey

PwC Partner

Slide 3


<IR> in action

Our <IR>

newsletter

<IR>

dedicated

section on

our website

Nexuswww

Case study in

our PwC

NextGenFactor

www.pwc.com/mu/ir

PwC

Process and Review

3-6 reports

Percategory

103 Annual Reports

104 websites

4websites

176entitiesinitially

identified

63 Annual Reports

46 websites

3-5 reports

percategory

8websites

Review by

Judging Panel

Review by

Judging Panel

PwC screening and review Shortlisted for Awards Jury final decision

Slide 5


PwC

Panel discussion

Challenges and benefits of Integrated Reporting

Slide 6


• Ms Vishnee Payen, Group Sustainability & CSR Manager, Lux Island Resorts Ltd

• Mrs Virginie Corneillet, Head of Corporate Services, ENL

• Mr Dipak Chummun, Group CFO, IBL

PwC

Judging Panel Findings andThe Awards

Slide 7


PwC

Thank you to our Independent Judging Panel!

• Aruna Radhakeesoon

• Margaret Wong

• Catherine McIllraith

• Jean-Paul de Chazal

• Constantin de Grivel

• Sunil Benimadhu and Vickram Ramful

Slide 8


PwC

The Awards

Cross-Category Awards

• Corporate Governance Disclosures• Online Reporting• Risk Management Disclosures – Financial Institutions• Risk Management Disclosures – Non-Financial

Institutions

Category Awards

• SEM-10• Financial Institutions• Listed Companies• Public Interest Entities and Parastatals• Listed Global Business Companies

Entities listed on the SEM are automatically considered for the Awards.

Non-listed PIEs, state-owned entities and parastatals will only compete if they submit their ARs for review.

An entity cannot win more than 2 years in a row for any category! (retrospectively)

Slide 9


PwC

Cross-Categories

Slide 10


PwC

Corporate GovernanceDisclosures

Slide 11


PwC

Corporate Governance Disclosures

of entities have embraced the new Code

Slide 12


Women on the Board

9%

1 432 5 6 987 1110

2016 2017

9% 9%

PwC

Corporate Governance DisclosuresNominees

Slide 13


• Lux Island Resorts Ltd • MCB Group Limited

Sponsored by the National Committee for Corporate Governance

PwC

Corporate Governance Disclosures

Slide 14


• Lux Island Resorts Ltd • MCB Group Limited

Winner

Sponsored by the National Committee for Corporate Governance

This was a tough one. The Jury struggled between the two

contenders who were almost at par, with a debate that lasted over

an hour.

Lux Island Resorts Ltd applied the new Code and really thought of

what it meant to apply this new Code. The language used and its

thinking differentiated it from MCB Group Limited.

PwC

Online Reporting

Slide 15


PwC

Online Reporting

Online presence that serves investors and stakeholders

Slide 16


2016 2017

20% 46%

Social media

Chats

Stories

Analytics

Press eventsReports

Mobile devices

PwC

Online ReportingNominees

Slide 17


• CIEL Group• ENL Group • AfrAsia Bank Limited

PwC

Online Reporting

Slide 18


• CIEL Group • MCB Group Limited

Winner

CIEL Group has started its <IR> journey this year, and showed

excellent connectivity between its annual report, its corporate

website, as well as its other communication tools.

PwC

Risk Management Disclosures

Slide 19


PwC

Risk Management Disclosures

Entities that used a heat map

Slide 20


2016

11%

201712%

Year on Year

PwC

Sponsored by the ACCA

Risk Management Disclosures - Financial InstitutionsNominees

Slide 21


• AfrAsia Bank Limited • MCB Group Limited

PwC

Risk Management Disclosures - Financial Institutions

Slide 22


• MCB Group Limited• MCB Group Limited

Winner


MCB Group Limited in this category went a step ahead of

competition by being transparent with the level of NPL by sector

and in saying where the issues were in its loan portfolio.

PwC

Risk Management Disclosures – Non-Financial InstitutionsNominees

Slide 23


• CIEL Limited• Rogers and Company Limited

Sponsored by the ICAEW

PwC

Risk Management Disclosures – Non-Financial Institutions

Slide 24


• CIEL Limited• MCB Group Limited

Winner

Sponsored by the ICAEW

CIEL Limited was to the point and demonstrated a higher level of

transparency.

PwC

Main Categories

Slide 25


PwC

Listed Global Business Companies (GBCs)Trading on the Stock Exchange of Mauritius

Slide 26


PwC

SEM-10 LISTED GBCS OTHER LISTED ENTITIES PIES

% o

f to

tal

pa

rtic

ipa

tin

g r

epo

rts

2016 2017

Listed GBCs

Level of implementation of

Slide 27


75%

33%

45%43%

PwC

Listed GBCsNominees

Slide 28


• Atlantic Leaf Properties Limited• Greenbay Properties Ltd• New Frontier Properties Limited

PwC

Listed GBCs

Slide 29


Winner

• Atlantic Leaf Properties LimitedProperties Ltd• New Frontier Properties Limited

New Frontier Properties Limited is a class above in terms of

content and feel of the report. They displayed better clarity in their

reporting.

PwC

Non-listed PIEs and Parastatals

Slide 30


PwC

Non Listed PIEs and Parastatals

Slide 31


Lack of connectivity

Lack of transparency

Lack of visibility on the strategy

5 submissions

only

Basic minimum approach

PwC

Financial Institutions

Slide 32


PwC


Financial institutions reporting on pre-financial KPIs

Slide 33


2016 20179% 31%


PwC

Financial InstitutionsNominees

Slide 34


• Bank One Limited• Standard Bank (Mauritius) Limited


PwC


Slide 35


Winner

• Bank One Limited• Standard Bank (Mauritius) Limited


Bank One Limited told its story how it is.

PwC

Listed Companies

Slide 36


PwC

Listed Companies

Slide 37


Apparent IFRS gaps still there

Big issues [still] avoided

Reporting with integrity

DisappointingRegression in some instances

Pension

gap

widening

Board composition

Fair Values

PwC

SEM-10

Slide 38


PwC

Sponsored by the Stock Exchange of Mauritius

SEM-10

Entities in the SEM 10 that have described their value chain

Slide 39


2016 201733% 69%

PwC

SEM-10Nominees

Slide 40


• CIEL Limited• MCB Group Limited• Phoenix Beverages Limited• Rogers and Company Limited


PwC Slide 41


Winner

SEM-10

• CIEL Limited• MCB Group Limited• Phoenix Beverages Limited• Rogers and Company Limited


Phoenix Beverages Limited leapfrogged its prior year annual

report and was able to re-invent its reporting, covering

comprehensively the IR Framework. Telling the story how it is.

www.pwc.com/mu/cra

Corporate Reporting Awards 2018

pwc corporate reporting awards 2018 2018... · 2018-03-29 · corporate reporting awards - judging...

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