ECCB Highlights Importance of Good Corporate Governance
Everyone should be concerned about Good Corporate Governance because it affects all.
Chairman of the Caribbean Institute of Directors and Caribbean Governance Training Institute, Dr Chris Bart, expresses this view on this week’s episode of ECCB Connects; the Eastern Caribbean Central Bank’s weekly public education outreach programme.
Dr Bart said Good Corporate Governance is the system by which an organisation is directed and controlled and it helps to protect an organisation’s assets from what he calls “the four evil sisters.” These, he says are: ‘Misallocation, Misappropriation, Misrepresentation and Misconduct.”
Additionally, Dr Bart provides a checklist for Good Corporate Governance which recommends the criteria for selecting the Directors to serve on an organisation’s Board and outlines several benefits of Good Corporate Governance. He also highlights the Good Corporate Governance Practices he has observed among organisations in the Eastern Caribbean Currency Union (ECCU) and addresses some areas for improvement.
For more in-depth views expressed on Good Corporate Governance check out the latest episode of ECCB Connects: Click to view
