Michelle Persad, CEO of T&T Stock Exchange, Catherine Kumar, CEO of T&T Chamber of Industry and Commerce, and Axel Kravatzky, Chairman of the CCGI represent the three partner organizations and sign the MOU for Phase 2 at a press conference on 7 NOV 2014.
The Trinidad & Tobago Corporate Governance Code 2013 (TTCGC) was launched in November 2013 under the combined partnership of the Caribbean Corporate Governance Institute (CCGI), the Trinidad & Tobago Chamber of Industry & Commerce (TTCIC) and the Trinidad & Tobago Stock Exchange (TTSE). It is the first of its kind in the Republic and directed primarily to those companies with public accountability. The Code follows globally accepted best practices with specific consideration and much customization for the local economy and dynamics of the business society of Trinidad and Tobago.
A new Working Group was established in September 2014 and consists of a diverse team of industry stakeholders. Their focus is to facilitate Phase II of the Code Project and help to achieve the objectives of the TTCGC, which are to
- Enhance Business Governance and Performance
- Strengthen Transparency and Efficiency in the Market
- Improve the Investment Culture
The TTCGC is a partnership initiative between the Caribbean Corporate Governance Institute (CCGI), the Trinidad & Tobago Chamber of Industry & Commerce (TTCIC) and the Trinidad & Tobago Stock Exchange Limited (TTSE). The Project partners are the lead funders of the initiative, provide staffing resources as well as hold the copyright to the Code itself.
The Caribbean Corporate Governance Institute (CCGI) also serves as the Secretariat for the Project. Its primary function is to act as project manager for its various initiatives, coordinate research, meetings and correspondence as well as lead in the drafting or revision process.
Desiree Gobin-Seecharan, CEO of the CCGI,
speaking at the press conference on behalf of
the TTCGC Secretariat
The Memorandum of Understanding (MOU) sets forth the understandings and intentions of the three (3) parties and provides a framework for cooperation in respect of the Project.
Michelle Persad, CEO of T&T Stock Exchange, Axel Kravatzky, Chairman of the CCGI, Catherine Kumar, CEO of T&T Chamber of Industry and Commerce represent the three partner organizations at the signing of the MOU for Phase 2 on 7 NOV 2014