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Corporate governance structure
- MAIIC is a self-regulating entity through its Board of Directors and shareholders. The Board of Directors for MAIIC comprises a minimum of seven (7) and a maximum of thirteen (13) directors of whom one (1) is a Managing Director and the rest (12) non-executive as follows:
Share class Number of directors Director status A 4 Non-executive B 2 Non-executive, representatives of Government of Malawi C 3 Non-executive D 1 Non-executive 2 Non-executive As per the Memorandum and Articles of Association of MAIIC, the chairperson of the general meetings will be restricted to Class A, Class C and Class D of shareholders.
MAIIC will be governed by a rigorous corporate governance charter and will have the following board committees:
- Finance and investments
- Environmental, social and governance
- Audit, risk and compliance
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Memorandum & Articles of Association 1 file(s) 94 downloads |
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An enabler of development
MAIIC has a specific development focus. It is mandated to support commercially viable investments in the public and private sectors of the economy to consolidate and promote growth.
