Good Governance Seminar scores big attendance 

DPI, Guyana, Wednesday, May 23, 2018

Several corporate entities today attended the first of a series of private-led corporate governance seminars hosted at the Marriot Hotel.

Vice President of the Private Sector Commission of Guyana (PSC), Desmond Sears said the presentation facilitated by Global Expert on Good Governance, Alison Dillon Kibirige, will help corporate entities realise that good governance is more of a culture and not just a framework to follow.

He opined that there is an ideal culture present that will foster good corporate governance in Guyana. He stated, “Most publicly traded companies in Guyana are subject to strict reporting and regulations. However, there is always room for improvement. We would welcome the enactment of laws in keeping with good governance in general; which both public and private sector must uphold.”

The vice president also noted that the number of representatives attending the seminar reflected this desire to improve themselves.

Kibirige’s presentation highlighted the importance of governance in businesses, the pillars on which corporate governance can thrive, the director’s duty, right’s and managing resources to name a few.

Guyana Water Incorporation, Republic Bank Limited, Guyana Office for Investment, Berbice Bridge and Demerara Tobacco were among corporate entities represented at the seminar.

In April 2011, the government and the PSC developed Guyana’s first Code on Corporate Governance to ensure good business practices.

The breakfast seminar was held under the theme, “The Role of the Director in Good Governance, leading with a progressive perspective.” It is the first of several series to be done in the country by the PSC and Caribbean Corporate Governance Institute (CCGI).

 

By: Crystal Stoll

Images by Anil Seelall.