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:

    1. Finance and investments
    2. Environmental, social and governance
    3. Audit, risk and compliance

Memorandum & Articles of Association
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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.