Improved Governance Structures
Mi-C3 International is continuing its review of governance structures and policies in order to be ready for continued business expansion and to assure its clients and stakeholders of corporate transparency and accountability.
A new Board of Directors has now been set up with external expertise to ensure operational oversight and close scrutiny of financial, performance and remuneration policies and management activities.
Company founder Glen Scott who will continue to head the management team as CEO is joined on the Board by Brian Ferris and Timothy Mahapatra.
Timothy will lead the Board as Chairman. Since mid 2017 Timothy has been providing Mi-C3 with strategic advice in relation to growth and financial strategies for the business. He is a partner at Alvarez & Marsal Europe, and previously worked as partner at Deloitte London, having worked with Arthur Andersen and Deloitte for 30 years in the audit and financial advisory areas. Until 2017 he was the Global Managing Director for Deloitte’s Financial Advisory business and has significant experience particularly in M&A and working with high growth global businesses.
Brian has provided external support and consulted Mi-C3 since 2014. Brian’s professional focus is on delivering cloud-based IT solutions to his clients. He previously served as financial controller of GO Plc in Malta where he led organisation-wide change throughout Malta’s largest telecommunications operator. He is engaged in a number of business ventures, including co-founder and active driver of a born-in-the-cloud IT solutions business based in Malta called SCOPE.
Glen Scott said that
Tim and Brian bring in an external view that ensures the direction of the business is consistent with the shared vision and agreed program. Their financial and commercial expertise is a priceless asset to the business. But their oversight instils greater discipline in the company’s decision-making process giving greater confidence to our partners that Mi-C3 delivers on its commitments.
Timothy Mahapatra will also be leading independent Audit and Remuneration Committees.