PSC signs MoU to foster exemplary corporate governance

Guyana’s Private Sector has signed a Memorandum of Understanding (MoU) with the Caribbean Corporate Governance Institute to foster exemplary models of corporate governance in Guyana.
The MoU, which was the first of its kind to be signed, was done in Port of Spain, Trinidad on Monday last, the Private Sector said on Wednesday.
Signing the MoU was Coordinator of the Private Sector Commission (PSC) of Guyana, Ramesh Dookhoo; and Chief Executive Officer of the Caribbean Corporate Governance Institute, Denise Deonarine.
Speaking to the gathering on Monday, Dookhoo expressed his gratitude of being able to partner with the Institute. He said, “Our focus remains on addressing national issues and influencing policies that will promote socio-economic growth and development. Corporate Governance is one of those issues that the Commission wants to bring to the forefront. It is a must in Guyana and the Region as a whole. Fostering an even greater regard for corporate governance in practice in both the Private and Public Sectors in Guyana is critical, given our commercial trajectory and the expectations of international bodies.”
Deonarine, who expressed similar sentiments stated, “corporate governance should be a core pillar of any serious-minded organisation because it assists boards and executives alike with defining how to go about achieving this in a value-added manner. At the heart of corporate governance is the premise that organisational trust amongst current or future shareholders, international investors and talent works in tedium with corporate sustainability. Corporate governance is more than mere compliance, it is about directorial professionalism, strategic and entrepreneurial thinking from the top, it is in essence directing and not managing a business.”
The Institute, being one which is dedicated to foster good corporate governance within the Caribbean, has partnered with the local organisation to execute a series of events locally, with the first being a seminar, scheduled for May 23, at the Marriott Hotel.
The seminar, according to the PSC, will be themed “Leading With A Progressive Perspective”. The feature address is expected to be delivered by international faculty member of the Caribbean Corporate Governance Institute and global expert of Corporate Governance, Alison Dillon Kibirige.
Additionally, in July of this year, both parties will be hosting a corporate governance seminar dedicated to family owned businesses with a focus on success planning.
The Caribbean Corporate Governance Institute is a membership-based organisation for governance professionals. It is headquartered in Trinidad.
The Institute is duly incorporated, non-profit and is self-funded.
Established in 2012, the Institute is dedicated to being a part of a solution-oriented ecosystem that fosters good corporate governance within the Caribbean region. The Institute has an objective to enhance the professional standard in all boardrooms in the Caribbean. To this end, the Institute focuses on executive education and professional programmes, co-authoring standards and guides and advocacy.