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Become a Member of the leading Professional Organisation for Directors and Business Leaders
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As a Director or Senior Manager of a business in Mauritius, you have a very important role to play in the economy, but being a business leader means that you need to be constantly up to date with what is going on in the business world and you need support to face the challenges ahead.
Being a Director or Senior Manager is not an easy task and it comes with a high degree of responsibility and accountability. Besides the statutory penalties that can be imposed on directors for wrongful acts, or failing to act, the Code of Corporate Governance in Mauritius makes it clear that the directors are responsible for risks throughout the organisation.
As a newly established not for profit company, the Mauritius Institute of Directors (MloD) is geared to providing this support at the highest level. We are here to provide business leaders with the knowledge and tools that they need to run a successful operation using the best corporate governance practices to guide them.
MEMBERSHIP
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The constitution of the MIoD provides for different grades of membership which are appropriate to the levels of experience and status of those who are directors and senior managers of corporate and business units as well State Owned Enterprises.
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The grades of membership and the qualifying criteria of each as follows:
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ASSOCIATE
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A person interested in the promotion of good corporate governance and the best interests of directors and who is:
i. a director of an entity which is operational; or
ii. a member of a professional practice relating to business, management, finance, trade, economics or other related field; or
iii. an executive or senior officer of a private or public entity; or
iv. an academic personnel in the field of management, finance and such related field.
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MEMBER
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A person over 21 years of age, with 3 or more years experience as:
i. a director or alternate director of an entity with a minimum annual turnover or budget of Rs. 5 Million; or
ii. a company secretary of an entity a minimum annual turnover or budget of Rs. 5 Million; or
iii. a senior executive with managerial responsibilities in the public or private sector; or
iv. a partner, associate or senior executive of a professional practice relating to business, management, finance, trade, economics or other related field ; or
v. an executive at senior level in national, regional or local government; or
vi. an academic personnel at the level of, or equivalent to, professorship, the heads of appropriate faculties in technical colleges being included in this category.
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FELLOW
A person satisfying the requirements of a ‘Member’ and
(i) must have been of good standing in one or more of the above positions for a minimum of
10 years in business
(ii) must have been of good standing in one or more of the above positions for a minimum of 5
years, in business for a minimum of 10 years and have attained a recognised professional
qualification or university degree in a business field; or
(iii) must have at least 5 years experience and have attended the courses specified by the
MIoD from time to time in its rules and regulations and must have been Member of the
MIoD for a minimum of 3 years
DISTINGUISHED FELLOW
Upon invitation of the Board of the MIoD
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RETIRED MEMBER
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i. A person who is over the age of 65; and
ii. who has been a ‘Member’ or ‘Fellow’ for at least 3 continuous years and who is no longer active in business
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HOW TO BECOME A MEMBER?
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The procedure to become a member of the MIoD is as follows:
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Complete the online application form from the link and send a cheque of as the non-refundable application fee (cheques made payable to Mauritius Institute of Directors), to the MIoD, 1st Floor, Raffles Tower, 19 Cybercity, Ebene, Tel 4681015, Fax 4681017, Email miod@intnet.mu
1. Download the membership application form from the link.
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2. Once completed, submit the form, with a cheque of Rps 500 as the non-refundable application fee (cheques made payable to Mauritius Institute of Directors), to the MIoD, 1st Floor, Raffles Tower, 19 Cybercity, Ebene, Tel 4681015, Fax 4681017, Email miod@intnet.mu
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3. The membership committee of the MIoD will evaluate the application and determine the appropriate grade of
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4. membership.
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5. The applicant will be advised of the outcome and be sent an invoice for the current subscription
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6. Once payment of the subscription has been received by the MIoD the member will be sent a certificate of membership.
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WHAT DOES IT COST TO BE A MEMBER
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There is a non-refundable membership application fee of Rs 500 and subscriptions are payable annually per calendar year. If you become a member after 1st July, your subscription is halved.
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The current annual subscriptions for the respective grades of members are as follows:
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Associates:
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Rupees 1000
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Members:
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Rupees 2000
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Fellows:
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Rupees 3000
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CAN MEMBERSHIP BE UPGRADED?
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Once admitted as a member of the MIoD the initial grade of membership will never be downgraded. Persons whose experience and personal development since becoming a member of the MIoD has changed may apply for their membership to be upgraded because of their changed circumstances.
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CODE OF CONDUCT
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Members of the MIoD are expected at all times to act in such a way so as not to bring themselves or the Institute into disrepute.
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The Code of Conduct clarifies what the MIoD expects of its members and provides for disciplinary measures to be taken against members whose conduct is unacceptable to the Institute and unbecoming of corporate leaders.
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[1]
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This Code is issued by the Board as a guide to members – it does not specify each possible act of misconduct. Action and consequences will depend on circumstances in each case.
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[2]
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The aim of the Code is to facilitate the enforcement of ethical standards through disciplinary procedures.
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[3]
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Adherence to Code is a condition of membership – members are liable to face disciplinary action if, after due process, they are found guilty of misconduct which includes any act likely to bring discredit to the member, the Institute, or the profession.
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[4]
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Members are required to uphold the Institute's Constitution and comply with its provisions.
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[5]
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Members are required to exercise integrity, honesty, diligence and due care in carrying out their duties and responsibilities, with courtesy and consideration towards others.
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[6]
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Members shall at all times be cognisant of their responsibilities as professional persons towards the wider community.
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[7]
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Members shall at all times safeguard the interests of their employers, colleagues and clients provided that they shall not knowingly be a party to any illegal or unethical activity.
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[8]
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Members shall not act in any way which may be in conflict with the legitimate interests of their employer or client or which would prejudice the performance of their professional duties and shall act with sound judgement and with such reasonable care and skill that can be expected of them.
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[9]
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Members shall refrain from conduct or action, whether in their personal or professional capacity, which detracts from the reputation of the Institute.
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[10]
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In accepting or continuing a professional assignment, a member should always have regard to any factors which might reflect adversely upon his or her integrity and objectivity in relation to that assignment.
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WHAT ARE THE BENEFITS OF BECOMING A MEMBER?
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Our mission is to professionalise the status of directors and to enhance their accountability by providing orientation, research, training and accreditation, advisory services, advocacy, networking and sharing of international best practices.
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Belonging to a professional body such as the MloD has the following benefits:
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- Be part of a network of members who want to promote good corporate governance and share best international practices
- Keep up to date with the latest information on global trends and best practices of good corporate governance
- Be part of a new culture of directorship and accelerate your professional development
- Receive regular information updates and newsletters
- Membership Programme with specially negotiated discounts on a variety of products and services
- Priority booking and reduced rates for all our training courses including the Director Development Programme
- Continuous Professional Development points with our training courses
- Meet top international speakers and guests
- Library and on-line documentation centre
- Discussion forums, debates and seminars
- Special members events
- Meeting and training room facilities
- Information and guidance services
- Use of post nominals in recognition of your membership of this professional body.
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REGISTER OF MEMBERS
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The MIoD will publish on its website a current register of its members who are in good standing. The objective in doing so is to make available to the public at large the names of members of the Institute, particularly as a source of reference but will not divulge contact details to any outside parties without the consent of such members.
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Membership Rules and Regulations - Click here to download
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