In todays Trinidad Guardian Howai clears air on FCB shake-up Board did no wrong: Finance Minister Larry Howai yesterday made it clear that the Corporation Sole’s vote against the re-election of two First Citizens Bank (FCB) directors and lack of support for the re-election of two others, including chair Nyree Alfonso, was not due to the fact that they had done any wrong. He made the comment yesterday as speculation swirled over whether Alfonso and other directors Rishi Baddaloo, Shobee Jacelon and Marlene Juman, the permanent secretary in the Ministry of the Attorney General, had been told not to seek re-appointment at Monday’s AGM for their role in overseeing the now controversial IPO share sale. Speaking to the media at the Energy Chamber’s Corporate Governance Toolkit Launch at the Hyatt Regency Hotel, Port-of-Spain, yesterday, Howai assured this was not so. “We did say that this was not intended to impute any wrong doing on the part of anyone,” Howai said. “The Corporation Sole felt that there was a need to make changes in light of some of the concerns being expressed and we simply proceeded on that basis. “We are now in the process of looking at some possibilities in terms of appointments for the board. We know we must make appointments that will engender confidence in the institution and allow the institution to build into the future.” [Click the link to read this article guardian.co.tt/news/2014-05-14/board-did-no-wrong]
Posted on: Wed, 14 May 2014 14:27:05 +0000
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