DRAFT PRINCIPLES
of corporate governance for companies operating in the Caribbean should soon be ready for presentation to CARICOM heads.
The disclosure was made recently by Virginia Mapp, general manager of the Securities Commission of Barbados, during an address at the Barbados Stock Exchange's (BSE) corporate governance symposium at Hilton Barbados.
Mapp said the draft was premised on the "comply or explain" philosophy and covered such areas as chairman/chief executive officer duality, the use of non-executive directors, the use of audit and remuneration committees, disclosure of directors' emoluments, and other interests.
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