The Barbados Stock Exchange Symposium held last week at the Barbados Hilton focused on the issue of corporate governance and this focal point has served to show corporate executives in Barbados that the concern of corporate governance is by no means a cliché, but a fundamental premise through which businesses nationally, regionally and internationally must adhere to. As controversies such as Enron and WorldCom become highly debatable topics, Barbados with its small business space must have tailor-made regulations for corporate governance which meet the needs of this jurisdiction.
As Virginia Mapp, General Manager of the Securities Exchange of Barbados explained, corporate governance emanated from harsh economic conditions which exposed companies to undisclosed public scrutiny. According to her, it also originated with concerns about financial reporting of companies and these concerns were heightened in the 1990s, with major scandals coming to a head in jurisdictions such as the US.
See full Article.
Posts
