Barbadian Re-elected to Board of Caribbean Corporate Governance Institute

Marlon Yarde, CEO and General Manager of the Barbados Stock Exchange (BSE) has been re-elected to the Board of the Caribbean Corporate Governance Institute at the Institute’s recently-held, first Annual General Meeting, held in Trinidad & Tobago. The Caribbean Corporate Governance Institute (CCGI) is a regional not-for-profit membership organisation dedicated to advancing the principles of […]

By Barbados Stock Exchange

March 6, 2014

Marlon Yarde, CEO and General Manager of the BSEMarlon Yarde, CEO and General Manager of the Barbados Stock Exchange (BSE) has been re-elected to the Board of the Caribbean Corporate Governance Institute at the Institute’s recently-held, first Annual General Meeting, held in Trinidad & Tobago. The Caribbean Corporate Governance Institute (CCGI) is a regional not-for-profit membership organisation dedicated to advancing the principles of corporate governance across the Caribbean. The organisation provides training and networking for Directors and Senior Executives.

Marlon Yarde said that the CCGI expects to

play a major role in the education and development of good corporate governance policies, many of which relate to areas such as internal controls, Information Technology, risk management, internal audits, anti-corruption, cyber-crime and whistle-blowing.

Commenting on the importance of good governance, Mr. Yarde emphasised that corporate governance policies help businesses to manage their operations more effectively, and noted that there is a “strong link” between the use of Corporate Governance policies and an organisation’s ability to remain profitable, particularly in challenging economic environments. He added that, by extension, the use of corporate governance policies can help companies “take stock” of the economy.

“The Barbados Stock Exchange is pleased to be a member of the Caribbean Corporate Governance Institute,” he said. “Our membership in the organisation reinforces the BSE’s commitment to promoting the use of strong corporate governance and accountability practices across the region.”

Current members of the CCGI include nearly 20 well-known and highly respected regional organisations including the Barbados Stock Exchange (Barbados), Caribbean Development Bank (Barbados), Trinidad & Tobago Chamber of Industry and Commerce (Trinidad & Tobago), Financial Regulatory Services Authority (St. Lucia), Pension Management Interactive Inc. (British Virgin Islands), PricewaterhouseCoopers (Trinidad & Tobago) and Institute of Chartered Accountants of Jamaica. The CCGI says that in the coming years, it aims to serve members in twenty CARICOM countries.

Barbados Stock Exchange

The Barbados Stock Exchange is one of the leading stock exchanges in the Caribbean region. The Barbados Stock Exchange (BSE), formerly the Securities Exchange of Barbados, was re-incorporated on August 2nd, 2001 with the passage of the Securities Act 2001-13. As a result of the Act, the Barbados Securities Commission, now the Financial Services Commission, was established which has overall regulatory responsibility for the entire Barbadian Capital markets including all Self Regulatory Organizations (SRO), of which the BSE and its subsidiary the Barbados Central Securities Depository comprise, as well as all public companies whether listed or not. The Barbados Stock Exchange Inc. is a member of the World Federation of Exchanges with Correspondent Status.

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