CARIBBEAN MOVES TOWARDS CORPORATE GOVERNANCE MODEL
Public and private sector personnel from some 24 countries are participating in a Caribbean Corporate Governance Forum, which opened this morning (03 September 2003) at the Sir Cecil Jacobs Auditorium at the ECCB Headquarters in St Kitts. The Forum, the first of its kind for the Caribbean, aims to provide a platform for assessing current levels of corporate governance activity and to assess the emerging needs and priorities of Caribbean nations. In delivering the feature address at the Opening Ceremony, ECCB Governor Sir K Dwight Venner said that an understanding of the process of corporate governance requires a familiarity with three phenomena namely democracy, development and globalisation and an understanding of their impact on individual nations, the region and the international arena. Governor Venner indicated that good governance addresses the allocation and management of resources and responds to collective wealth. He added that good governance is characterised by participation, transparency, accountability, the rule of law, effectiveness and equity; and includes as its major actors, the state, the private sector and civil society. The September 3
