IBL’s Board of Directors oversees the group’s strategy, monitors its performance and ensures the group complies with the highest standards of corporate governance. It is responsible for ensuring that IBL is able to sustainably create value in the long term.
The Board meets at least four times a year. It consists of seven non-executive directors and four independent directors. It is governed by the Charter available below.
Three standing committees assist the Board of Directors with its duties:
Each committee’s remit is defined in the Terms of Reference agreed by the Board and available for download below.
Strategic Committee
The Strategic Committee advises the Board on IBL’s strategy. It also assists the Board with assessing and negotiating strategic transactions.
Composition
Pierre Guénant (Chairperson)
Jan Boullé
Arnaud Lagesse
Thierry Lagesse
Gilles Michel
Jean Ribet
Audit and Risk Committee
The Audit and Risk Committee is responsible for overseeing and monitoring the group’s approach to risk.
Composition
Jason Harel (Chairperson)
Isabelle de Melo
Thierry Lagesse
Maxime Rey
It is also responsible for the integrity of the group’s financial statements, the effectiveness of its internal financial controls, and the performance and objectivity of its internal and external auditors.
View the Terms of Reference for the Audit and Risk Committee (PDF, 287.51 KB)Corporate Governance Committee
The Corporate Governance Committee is responsible for ensuring that IBL complies with the principles of the Code of Corporate Governance.
Composition
Gilles Michel (Chairperson)
Jan Boullé
Thierry Lagesse
Jean Ribet
Arnaud Lagesse
Its remuneration functions have been delegated to the Remuneration Sub-Committee.
View the Terms of Reference for the Corporate Governance Committee (PDF, 1012.79 KB)Nomination & Remuneration Subcommittee
The Nomination & Remuneration Subcommittee establishes employment agreements with IBL’s Executive Directors and Market Unit Managing Directors, including their salaries, incentives and benefits.
Composition
Marc Freismuth (Chairperson)
Jan Boullé
Jean Ribet
IBL’s Executive Team is responsible for overseeing the group’s business operations and delivering its strategies.
Citizen and Resident of Mauritius
Appointed: 01/03/2016 (Board) & 01/07/2016 (Chairman)
Skills & Experience
Jan Boullé worked for Constance Group from 1984 to 2016 and occupied various executive positions and directorships.
Alteo Ltd, Phoenix Beverages Ltd, Blue Life Ltd, Lux Island Resorts Ltd and The Bee Equity Partners Ltd. He has a particular expertise in hospitality and real estate development.
Qualifications:
External appointments
Core competences
Citizen and Resident of Mauritius
Appointed: 12/11/2016
Skills & Experience
Martine de Fleuriot heads the Commercial, Corporate and Banking department of ENSafrica (Mauritius), one of the largest law firm in Mauritius. She is an experienced Barrister and recognised as a leading lawyer by international directories such as Global Guide of Chambers and Partners, ILFR 1000 and Legal 500.
Qualifications
External Appointments
Core competences:
Citizen and Resident of Mauritius
Appointed: 12/02/2018
Skills & Experience
Qualifications:
External appointments
Core competences:
Finance, Accounting and Agriculture
Citizen and Resident of Mauritius
Appointed: 01/07/2015
Skills & Experience
Qualifications:
External appointments
Core competences:
Citizen and Non-resident of Mauritius
Appointed: 01/07/2015
Skills & Experience
Jean-Pierre Lagesse is a specialist in property investment, development, asset enhancement and portfolio management in London as partner of 10 Ant Group since 2007 and is responsible for the purchase and redevelopment of real estate, He has more than 20 years of experience in the sector, in Europe and Africa.
Qualifications
External appointments
Core competences:
Citizen and Resident of Mauritius
Appointed: 24/09/1983
Skills & Experience
Qualifications
External appointments
Core competences:
Citizen and Resident of Mauritius
Appointed: 01/07/2016
Skills & Experience
Qualifications
External appointments
Core competences:
Citizen and Resident of Mauritius
Appointed: 01/07/2016
Skills & Experience
Jean Ribet is the CEO of the Constance Group since 2004 with overall responsibility for the agro-industrial, tourism and investment activities of the Constance Group.
Qualifications
External appointments
Core competences:
Citizen and Resident of Mauritius
Appointed: 01/08/2018 (Board)
Skills & Experience:
Born in 1963, Jean-Claude started his career in 1980 by spending 7 years as external auditor and then moved to a sugar group to perform various functions within accounting and finance before joining GML in 1997 as Finance Manager. He is currently the Group Head of Financial Services and Business Development of the Company and has also been appointed as Executive Director of that company in August 2018.
Qualifications & Professional Development
Core competences and contribution
Finance, Mergers and Acquisitions, Strategic Development.
External appointments on Public Interest Entities
Citizen and Resident of Mauritius
Appointed : 23/03/2015 (Board) & 01/07/2016 (Groupe CEO). 2005-2016: 11 years experience as CEO
Skills & Experience
Arnaud Lagesse is the Group CEO of IBL Ltd, the largest business group in the island of Mauritius. He is one of the prominent leaders of the Mauritian Private Sector and has been known to drive the Group he leads with innovative and challenging undertakings. Two years ago, he initiated the merger of GML Investment Ltd and Ireland Blyth Ltd, creating a successful Group and substantial shareholders value for all stakeholders since introduction on the local Stock Market.
Qualifications & Professional Development
External appointments
Core competences:
Non-citizen and Non-resident of Mauritius
Appointed: 20/06/2012
Skills & Experience
Qualifications
External appointments (listed companies)
Core competences:
Non-citizen and Non-resident of Mauritius
Appointed: 27/07/2015
Skills & Experience
Pierre Guenant is an accomplished entrepreneur, he founded and developed the PGA Group whose turnover is € 5,2 Bn, employing about 11,000 people in France, Belgium, Holland and Poland. He is currently President of PGA Holding. He is also involved in the hotel industry and the wine industry as well as in investment funds. And serves as a director on the Board of several listed companies outside Mauritius.
Qualifications:
Ecole Supérieure de Commerce de Paris
External appointments:
Core competences:
Citizen and Resident of Mauritius
Appointed: 01/07/2016
Skills & Experience
Qualifications:
External Appointments
Core competences:
Non-citizen and resident of Mauritius
Appointed: 27/09/2019
Skills and experience
Isabelle de Melo has held executive and leadership positions in various companies and institutions, including Arthur Andersen Audit, Gemplus, Privatair, SETE, Genève Sport and Association Nicolas Bogueret. She was also an independent consultant from 1998 to 2003, and has been a Business Angel (Investor and Coach) since 2009.
Qualifications
• HEC Paris – Paris, France
External appointments
None
Core competencies
Finance, Mergers & Acquisitions,
Treasury, Tax, Human Resources,
Information Technology.
Citizen and Resident of Mauritius
Appointed: 01/07/2016
Skills and experience
Stéphane Lagesse is the CEO of the Palmar Group, a garment manufacturing company in Mauritius.
Qualifications
External appointments
Core competencies