enl commercial limited annual report 2011 - Investing In Africa

Corporate Governance Report
(continued)
• wherever applicable, subsidiaries have employed Health and Safety officers and/or established Health
and Safety Committees to ensure that the legal framework is complied with and contribute to the well
being of their employees.
Company Secretary
ENL Limited provides corporate secretarial services to ENL Commercial Limited in accordance with the
terms of a management contract binding the two companies.
All Directors have access to the advice and services of the Company Secretary delegated by ENL Limited.
The Company Secretary is responsible to the Board for ensuring proper administration of Board proceedings.
The Company Secretary provides guidance to Directors on matters of company law and with regard to their
responsibilities in the statutory environment in which the Company operates.
The Directors are entitled to seek independent professional advice at the Company’s expense.
Auditor’s Fees
The fees paid to the auditors for audit and other services are disclosed on page 60 of the Annual Report.
Donations
The aggregate amounts of political and other donations made during the year under review are disclosed
on page 59 of the Annual Report.
Corporate Social Responsibility
ENL Foundation
Following a group policy decision in 2009 to set up a dedicated structure to manage, implement and
finance all the social projects of the Group, ENL Commercial now channels all its CSR initiatives through
ENL Foundation. Incorporated in January 2010 as a not for profit private company, ENL Foundation
spearheads the Group’s initiatives in this field and is entrusted with the responsibility to manage, implement
and finance all CSR projects of the Group, in collaboration with existing Non-governmental Organisations
(NGOs) and corporate partners. In March 2010, ENL Foundation received its accreditation to the National
CSR Committee.
ENL Foundation focuses its CSR initiatives on the empowerment of the youth and preservation/ enhancement
of the natural environment of Mauritius. Both initiatives contribute towards a qualitative evolution of the
social and natural environment.
For the year ended June 30, 2011, ENL Foundation received a total contribution of Rs 9.5M out of which
ENL Commercial contributed an amount of Rs 0.4m to ENL Foundation. This sum represents the CSR levy
to the tune of 2% of profit after tax imposed by Government on all companies as from June 2009.
ENL Commercial Limited
Annual Report 2011
47