SIT is administered and managed by a Board of Directors consisting of 12 persons, of which 6 are elected by shareholders as representatives of planters and employees of the sugar industry sector; 5 (including the Chairperson) are appointed by the Minister of Agro Industry & Food Security; and 1 is appointed by the Ministry of the Agro Industry & Food Security.
Each of SIT’s subsidiaries is managed by its respective Board of Directors. SIT directors come from diverse professional backgrounds and possess the requisite knowledge, skills, and integrity to safeguard shareholders’ interests by making sound judgements on key issues relevant to the businesses of the Group.
Board Members
|
Mr. Irshad MALLAM - HASSAM |
Chairman |
|
Mr Brijendrasingh NAËCK |
Director |
|
Mr Shyamduthsingh RAMDHARY |
Director |
|
Mr Yodhunsingh DAUMOO |
Director |
|
Mr Kylashsingh DHUNPUTH |
Director |
|
Mr Gansam BOODRAM |
Director |
|
Mr Kamless SEEAM |
Director |
|
Mr Douvendra SEESURUN |
Director |
|
Mr Thierry Desiré Laval GOVINDEN |
Director |
|
Mr Yousouf OODALLY |
Director |
|
Mr Emmanuel Lindsay HOPE |
Director |
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The Board also has five standing Committees, respectively the Audit & Risk Management Committee, the Corporate Governance Committee , Staff and Remuneration Committee, Strategic Investment Committee and Finance & Investment Committee. Each of them meets regularly under the terms of references set by the Board. A brief on each committee is presented below.
Audit & Risk Management Committee: The Audit & Risk Management Committee is the one of the most important Committees of SIT Group and generally provides independent assurance and advice on risk management, internal control, financial statements and compliance requirements.
Corporate Governance Committee: The Corporate Governance Committee acts as a useful mechanism for making recommendations to the Board on all corporate governance provisions to be adopted so that the board remains effective and complies with prevailing corporate governance principles.Staff and Remuneration Committee: The Staff & Remuneration Committee has been established with a view to improve the quality of working life by proposing a framework to help focus and interpret mutual expectations within a growing organisation like the SIT Group. Its functions essentially relate to advise the management on work matters of interest and of concern to staff, policy on recruitment and conditions of employment and remuneration policy.
Strategy & Investment Committee: The Strategy & Investment Committee of SIT Group is a committee through which the Boards can delegate some of their decision making powers regarding issues of strategic importance, set targets, monitor performance and manage investments, amongst others.
Finance Committee: The role of the finance committee includes; monitoring of expenditure and revenue performance with reference to approve budget, review and recommend to the board financial, management policies and strategies, cash flow management, budget administration and cost management programme.
