REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER Auditors’ independence The Audit and Risk Committee is responsible for monitoring the auditors’ independence, objectivity and compliance with ethical, professional and regulatory requirements and for maintaining control over the provision of non-audit services. The external auditors are prohibited from providing non-audit services where their independence might be compromised by later auditing their own work. Any other non-audit services provided by the external auditors are required to be specifically approved by the Audit and Risk Committee. Audit fees are set in a manner that enables an effective external audit on behalf of shareholders. Auditors should ensure that they observe the highest standards of business and professional ethics and, in particular, that their independence is not impaired in any manner. For remuneration of our External Auditors, please refer to the Statutory Disclosures section of the Integrated Report. PRINCIPLE 8: RELATIONS WITH SHAREHOLDERS AND KEY STAKEHOLDERS PhoenixBev’s key stakeholders Team members Shareholders Suppliers and Partners Government and Authorities Customers and Consumers Communities Shareholders’ communication The Board places great importance on clear, open and transparent communication with all its shareholders. It endeavours to keep them regularly informed on matters pertaining to and affecting the Company through official press announcements, its website, disclosures in the Annual Report and at the Annual Meeting of shareholders, which all Board members and shareholders are encouraged to attend. The Company’s Annual Meeting provides an opportunity for shareholders to raise and discuss matters with the Board relating to the Company and its performance. The Chairpersons of the Audit and Risk Committee and of the Corporate Governance Committee are normally available at the meeting to answer any questions relating to the work of these Board Committees. The external auditors are also present. Shareholders attending the Annual Meeting are kept up to date with the Group’s strategy and goals. The attendance of Directors at the last Annual Meeting of the Company held on 31 December 2021 was as follows: Directors Attendance Arnaud Lagesse Jean-Claude Béga Jan Boullé François Dalais Guillaume Hugnin Hugues Lagesse Thierry Lagesse Sylvia Maigrot Yvan Mainix-Chirio Reshan Rambocus Patrick Rivalland Bernard Theys Attended Not Attended In line with good corporate governance practices, the CEO and the Chief Operations Officer – Chief Financial Officer regularly meet institutional investors and fund managers to discuss the state of affairs of the Company, its subsidiaries and its associate. Shareholding profile The stated capital of the Company is made up of 16 447 000 ordinary shares of MUR 10.00 each. Main shareholders As at 30 June 2022, there were 2 014 shareholders recorded in the share register of the Company. CORPORATE CORPORATE GOVERNANCE CONTINUED 109 108 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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