REGISTRY INFORMATION VALUE AND RELEVANCE

IN THE CORPORATE WORLD TODAY

PRABHA CHINIEN REGISTRAR OF COMPANIES, MAURITIUS

CRF, AUKLAND 2013

AUKLAND 2013

OUTLINE

• THE PURPOSE OF A REGISTRY• CORPORATE DATA• USE OF DATA• CHANGING ROLE OF REGISTRY• CONCLUSION

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ROLE OF THE REGISTRY

CORE PURPOSE MISSION OBJECTIVES VISION

• DATA BASE OF CORPORATE INFORMATION

• STAKEHOLDERS /CONSUMERS OF INFORMATION PUBLIC (CORPORATE SECTOR) GENERAL PUBLIC

ACCESS TO INFORMATION

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CORPORATE DATA

• Sharing of data with other users • No duplication of data• Useful for : Business community Lending institutions Track on investment

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USE OF DATA

NATIONAL OBJECTIVE: Legal context to provide info to public Central database as a trusted source of

information Statistical purposes

INTERNATIONAL OBJECTIVE Doing business report Positioning country as a great place to do business

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Use of data

• Historical data• Analysis • Disclosure• Corporate governance• Strategy of company • Marketing

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CHANGING ROLE OF REGISTRY

• Is the Registry performing in line with its primary objective?

• Are we still seen as a provider of information for the corporate world?

• What is the relevance of the information provided?

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Is the Registry performing in line with its primary objective?

Major shift in role:• From a regulator to a facilitator…• To be seen as an aid to business

community to:• Start businesses• Assist businesses to comply with the law

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Are we still seen as a provider of information for the corporate world?

• Ease of access to information through:• Modes of communication - updated

info through e.g internet, social network• Is the information kept sufficient ?

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What is the relevance of the information provided?

Two issues:• Data may not be updated if not given within

delay• Legal Liability on registry if acts on

inaccurate information

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Conclusion

Balancing act –

• Statutory role with market reality• Legal protection

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THANK YOU