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| EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2018/2019
Meetings of the Board of Directors
The Board is required to meet as often as the business of the Bank may require; but not less than once every three (3) calendar months. During any given year, the Board convenes five meetings. Five Directors at
any meeting constitutes a quorum.
In keeping with Article 13 (1) of the ECCB Agreement Act, the Board of Directors convened the following meetings during the calendar year 2018:
165
th
Meeting of the Board of Directors – 26 January 2018 via videoconference
166
th
Meeting of the Board of Directors – 27 March 2018 in St Kitts and Nevis
167
th
Meeting of the Board of Directors – 7 and 8 June 2018 in St Kitts and Nevis
168
th
Meeting of the Board of Directors – 28 September 2018 via videoconference
169
th
Meeting of the Board of Directors – 23 November 2018 via videoconference
Six subcommittees assist with the work of the Board. They are:
Board Audit and Risk Committee
Board Investment Committee
Board Budget and Human Resources Committee
Pension Fund Trustees Committee
Pension Fund Investment Committee
Joint Pension Fund and Investment Committee
Risk Management and Internal Control
The Board Audit and Risk Committee (BARC) continues to provide guidance to the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process; the system of internal control; risk
management and monitoring compliance with laws and regulations and the code of conduct. Specific to the work of the Committee, consultations are conducted with the external auditors, Bank’s directors and
officers and with the Internal Audit Department as deemed necessary. The current Committee comprises:
John Skerritt, Chairman
Hilary Hazel, Deputy Chair
Cointha Thomas
Edmond Jackson
CORPORATE GOVERNANCE