THE Caribbean Corporate Governance Institute (CCGI) is calling on Finance Minister Colm Imbert to make it mandatory for all State-Owned Enterprises (SOEs) to apply the principles of the Trinidad and Tobago Corporate Governance Code (TTCGC) and to report to the public how they have done this.
In a statement on Friday, the CCGI recalled that in November 2013, together with the TT Chamber of Industry and Commerce and the TT Stock Exchange, it published the Trinidad and Tobago Corporate Governance Code (TTCGC).
The TTCGC applies to all corporate bodies with public accountability.
Adopting the code as the reference standard for corporate governance would be consistent with the recommendation by the Organisation for Economic Cooperation and Development (OECD) in its 2015 Edition of the OECD Guidelines on Corporate Governance of State- Owned Enterprises.
The CCGI said it is urging Imbert in his capacity as Corporate Sole, to add one line to the 2016 Budget and mandate that all State-Owned Enterprises to adopt the TTCGC as its reference standard. read full story here