Companies in the bottom quartile in these dimensions are statistically less likely to achieve above-average returns. In my own experience, a lack of diversity at senior management and board level in organisations is a leading indicator of elevated behaviour and culture risks – again as evidenced in the tracker mortgage scandal.
The interactions of these functions work to influence saving and investment decisions, which ultimately translate into the efficient allocation of funds in an economy. The Bank of Mauritius has long recognized the role of financial markets in Mauritius and set up a Financial Markets Department as far back as in 2000.