Afra Raymond did a webinar with the Caribbean Corporate Governance Institute where he was the keynote speaker at what was originally carded to be breakfast seminar at Hyatt Regency. -Co-panellists were Chartered Accountant and CLICO Chairman, Claire Gomez-Millar and OPR Chairman, Moonilal Lalchan, which CCGI Chairman, Nigel Romano, chaired the discussion. The topic was The role of the Board of Directors in light of the new Public Procurement and Disposal of Public Property Act.
Two significant events in the previous week heralded a fresh round of Board Games, as we strive for higher standards of governance and accountability in our State Enterprises.
The first of those events was the Privy Council ruling on Monday 19th February 2018, in the case which eTeck brought in 2011 against its former Board, chaired by Professor Ken Julien, related to alleged negligence for a US$5M investment gone awry.
The second event was the publication of Transparency International’s 2017 Corruption Perception Index on Wednesday 21 February 2018, in which T&T improved its score from 35 to 41 and moved up the scale from 101st out of 176 countries in 2016 to 77th out of 180 countries in 2017. The average country score in the 2017 CPI was 43, so T&T is still below average, but the improvement in that perception has already been welcomed by the current administration.