There was a lot of criticism about the lack of transparency surrounding the No-Man’s-Land Sandals deal. Sea level rise however, a far greater threat, took place in full view.
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CEO of corporate governence agency steps down
Caribbean Corporate Governance Institute (CCGI) chief executive officer Alex Kjorven has decided to step down and return to Canada. The CCGI primarily promotes greater transparency and disclosure through the issuance of a Corporate Governance Code in partnership with the T&T Stock Exchange (TTSE) and the T&T Chamber of Industry and Commerce (TTCIC). The statement from the CCGI said: “Chief executive officer Alex Kjorven shared with members her decision to step down in March 2014, in preparation for her return to Canada. Kjorven commented on the tremendous progress made within a very short period of time and provided insight into the educational focus for 2014.” Commenting on the agencies milestones and highlights, Kjorven was quoted as saying, “We closed off our first year with 91 members across five Caribbean states, a national code for T&T, the addition of new staff and a renewed affirmation that our work was necessary and needed to expand in 2014.”
The point of the statement was to announce the new and returning members of the board of the CCGI. Also announced was that Baker Tilly Montano Ramcharitar Chartered Accountants were appointed auditors of the institute. Dr Axel Kravatzky, re-elected chairman of the CCGI board, in his remarks at the January 24 annual general meeting, said: “We have a highly capable and motivated team, and we have many members who have expressed their desire to actively shape and contribute to the success of the institute in years to come.” Re-elected to the board were Dennis Brown, a Jamaican accountant and financial consultant; Sharon Christopher, deputy CEO of First Citizens bank of T&T; Leslie Clarke, managing director of Murphy Clarke Financial Limited, also of T&T; Dr Axel Kravatzky, the principal consultant and director of Syntegra Change Architects Limited of T&T; Annette Rahael, a family business advisor from T&T; and Marlon Edmund Yarde, the CEO and general manager of the Barbados Stock Exchange Inc and Barbados Central Securities Depository Inc.
Newly elected were Clarence M Faulkner, managing partner of Pension Management Interactive Inc of the British Virgin Islands; Fe Lopez-Collymore, the corporate secretary of T&T-headquartered Guardian Holdings Limited; and Arnold Niranjan, a partner at Ernst and Young T&T. The CCGI said it “acknowledges with gratitude the contribution and dedication from the following founding directors, who did not stand for re-election in order to facilitate the creation of a staggered board where each director may serve up to a total of two three-year terms.” They were Reshma Bissessar, a T&T-based organisational consultant and director of Syntegra Change Architects; Ronnie Bissessar, a T&T attorney; and Nigel Romano, the director for finance and corporate planning at the Caribbean Development Bank (CDB).