Open letter to Central Bank Governor on CL Financial bailout

dr-hilaire-photo-2
Central Bank Governor, Dr Alvin Hilaire

30th January is the anniversary of the infamous 2009 CL Financial bailout, so I collaborated on this open letter to the Central Bank Governor, Dr Alvin Hilaire, to raise some urgent and important questions on the Central Bank’s management of this situation.

Our letter was sent on 31st January 2017 and was signed by David Walker, Disclosure Today and I.

Please read this and spread the word…

Remember that –

Silence is the Enemy of Progress!

Board Games again

boardgames2
Illustration © 2017 David Cave

SIDEBAR: The EFCL issue

The Board of EFCL was reported to have dismissed its CEO after he failed/refused to comply with their directions in a certain matter. There are allegations reported that the Cabinet attempted to direct the EFCL Board, which raises the perennial issue of the nature and extent of Cabinet authority over State Enterprises.

From both the Companies Act and the recent High Court/Appeal Court rulings in the eTECK matter, it seems clear to me that the Board of Directors have fundamental responsibility for the direction and control of the company. That is the legal position, but it seems that our fundamental political culture and conduct is in real conflict with notions of independent professional responsibility.

The State Enterprise sector is once again the subject of public concern on the good governance issues of accountability and transparency. Where does the power lie?

The two most striking issues emerging recently are the declaration of new accountability targets for State Enterprises and that the ‘EFCL Board fires CEO‘, reportedly in defiance of Cabinet directions.

The Accountability and Transparency Deficit is the first issue and it needs to be put into a timeline to illustrate the reality. Continue reading “Board Games again”

AUDIO: “On Point” on Boom Champions 94.1 FM talking about corruption

94logoI did an excellent radio show with some vibrant young colleagues from TTTI on the morning of Sunday, 13 November 2016 on Boom Champions 94.1FM.  The topic of discusson was “Sweet T&T or corrupt nation?: Revealing the truths on a corrupt state of affairs. Audio courtesy Boom Champions 94.1 FM

  • Programme Date: 13 November 2016
  • Programme Length: 01:30.50

Parts 1-5

Private State?

In Privacy Pros and Cons, I considered the Parliamentary debate around the recent SSA Amendment Bill. Most of that debate seemed to be concerned with the limits on the rights of citizens to privacy, but my concern was that there was precious little comfort being offered in terms of the secret conduct of our public affairs.

If we are to evolve to developed nation status it is essential that the State seriously reform its culture of obscurity and secrecy, that is the contention I am advancing here. Continue reading “Private State?”

AUDIO: The Power Breakfast Show interview on 102.1 FM – 1 June 2016

Power 102 FMAfra Raymond is interviewed on the ‘The Power Breakfast‘ show on Power 102 FM by Rhoda Bharath and Richard Ragoobarsingh discussing the ongoing CL Financial bailout saga. 1 June 2016. Audio courtesy Power 102 FM

  • Programme Date: Wednesday, 1 June 2016
  • Programme Length: 35:04