Purpose

The purpose of this study is to provide for critical literature on the legal aspects of corporate governance and their application in Mauritius. The drawbacks of having the principles in the form of a non-binding code are discussed, and a case is made to consider their enshrinement in laws such as the Companies Act 2001 to render them legally enforceable for the good health of companies in Mauritius.

Design/methodology/approach

A doctrinal legal methodology has been adopted to assess the effectiveness of the principles of the 2016 Code of Corporate Governance of Mauritius. Legislations, legal texts, case law and regulations are used to conduct this assessment. In addition, a black-letter approach is taken while discussing the enshrinement of the principles in the Companies Act 2001 of Mauritius. The doctrinal methodology is further supported by a qualitative analysis of the principles of corporate governance based on existing legal literature, which emphasises their relevance and importance.

Findings

The principles of the 2016 Code of Corporate Governance are no doubt a progress over the former 2004 Code in various aspects, aligning the Code with the requirements of the OECD. However, there are still certain loopholes that have been highlighted. In addition, the extent to which these principles are reflected in the Companies Act, which is the primary legislation for companies, has been found to be lacking and inadequate.

Originality/value

This paper is, to the best of the author’s knowledge, the first legal literature concerning the Mauritian legal framework on corporate governance. This is relevant because the country has recently experienced corporate collapses, which could arguably have been avoided with the application of the principles of corporate governance. As such, the paper will present a case study that can be used as a reference for future research on the enforceability and justiciability of these principles.

中文翻译：

---

对 2016 年毛里求斯公司治理准则及其纳入 2001 年公司法的严格审查

目的

本研究的目的是提供关于公司治理的法律方面及其在毛里求斯的应用的批判性文献。讨论了以不具约束力的准则形式制定这些原则的缺点，并提出了考虑将其纳入《2001 年公司法》等法律的案例，以便使这些原则在法律上具有可执行性，以促进毛里求斯公司的健康发展。

设计/方法论/途径

采用理论法律方法来评估 2016 年毛里求斯公司治理准则原则的有效性。立法、法律文本、判例法和法规用于进行这种评估。此外，在讨论将这些原则写入毛里求斯 2001 年《公司法》时，我们采取了黑字的方式。基于现有法律文献对公司治理原则进行的定性分析进一步支持了理论方法，强调了这些原则的相关性和重要性。

发现

2016年《公司治理准则》的原则无疑比2004年《准则》在各个方面都有所进步，使准则与OECD的要求保持一致。然而，仍然存在一些已被强调的漏洞。此外，作为公司的主要立法的《公司法》对这些原则的反映程度被发现是缺乏和不充分的。

原创性/价值

据作者所知，本文是第一篇有关毛里求斯公司治理法律框架的法律文献。这是相关的，因为该国最近经历了公司倒闭，可以说，通过应用公司治理原则可以避免这种情况。因此，本文将提出一个案例研究，可以作为未来研究这些原则的可执行性和可审理性的参考。