Last update: 06-Dec-2013 8:12 am
Friday, December 06, 2013
Trinidad & Tobago Guardian Online
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Regional governance institute launches today
The Caribbean Corporate Governance Institute (CCGI) will be celebrating its formal launch today from 5 pm–8 pm at the Hyatt Regency Trinidad. The CCGI is a non-profit membership- based organisation dedicated to strengthening principles of good corporate governance across the Caribbean.
Headquartered in Port-of-Spain, the CCGI strives to become a regional provider of guidance and resources, world-class director training and professional development opportunities in the area of corporate governance, according to a statement from the organisers.
The launch marks the formal introduction of the Institute to the business community and includes formal announcements followed by a distinguished panel of leaders in corporate governance who have been invited to share their personal experiences on how corporate governance has shaped their success. The speakers include: Sharon Christopher, deputy CEO, First Citizens Bank, Norman Christie, regional president, bpTT and Joseph Esau, chairman of Agostini Limited and the Caribbean Communications Network Limited.
The moderator of the proceedings will be Kurt Kisto executive director of the Caribbean constituency at the Inter-American Development Bank. “With such unique perspectives represented, I am delighted to moderate and contribute to what is sure to be a very insightful discussion” said Kisto.
“Corporate governance is a growing priority amongst the international investment and development community as it becomes evident that traditional performance metrics alone are no longer enough to evaluate an organisation’s longterm competitiveness.” The launch event is being sponsored by the PricewaterhouseCoopers (PwC).
“We are witnessing unprecedented change in the corporate governance world: new perspectives on boardroom composition, higher levels of stakeholder engagement, more emphasis on emerging risks and strategies, and the increasing velocity of change even in the digital world.
Effective corporate governance policies will be the bar that sets the tone for our country’s future development” said Nadia Mohammed, PwC’s corporate governance lead. In the short period since inception, the Institute has attracted members who are directors and senior executives from both private and public sector organisations across the Caribbean.
The Institute is the Secretariat for the Trinidad & Tobago Corporate Governance Code, which is currently under development with the T&T Stock Exchange and the T&T Chamber of Industry & Commerce for this initiative. “We began in January this year with modest steps towards building our membership base while creating partnerships that would prove invaluable in our early stages of growth,” said Alex Kjorven, CEO of the Caribbean Corporate Governance Institute.
“While we are especially proud of the notable achievements made in a very short period of time, we remain committed to creating exceptional value for our members, setting standards of best practice and galvanising change towards improved corporate governance in the region.”
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