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High Level Welcome & Orientation hosted by the TCIG Audit Committee

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On Tuesday May 25, 2021, the TCIG Audit Committee hosted a Welcome & Orientation Session with the Chairmen and CEOs of the Statutory Bodies within the Turks and Caicos Islands. This was the first session of this kind to be held with all the Senior Executives in one sitting.

Present were His Excellency the Governor Mr. Nigel Dakin, Honorable Premier Mr. Washington Misick, Deputy Governor Mrs. Anya Williams and Permanent Secretary of Finance, Mrs. Athenee Basden. Remarks were also received on behalf of the Attorney General Mrs. Rhondalee Braithwaite-Knowles.

The session was opened by the Chairman Sanfra Foster who invited the executives in her remarks to lead intentionally and model accountability in their respective roles.  She shared that the people in the room were most significant as collectively they are responsible for managing $558 Million Dollars in TCIG Assets and represented $492.6 Million Dollars or Half Billion Dollars in total equity as at September 2020.  She articulated the need for effective management by executives and proper oversight and governance  by board members.

The group listened intently to the importance of the Statutory Bodies to the TCI Government and their significance in the wider economy. Key points were discussed around the governance and reporting requirements under the Constitution, Public Finance Management Ordinance and Regulations in addition to the role of Boards and their Executives.

The half-day agenda also involved group discussions led by the Audit Committee Members around the issues and concerns raised in the Statutory Body Governance Review Report conducted in January 2018 (aka Turnbull Report).  A Risk Matrix was shared by the CIA using five key points from the report which highlighted areas of responsibility where management and oversight are crucial.  Executives offered feedback to the report findings and there was a mutual understanding and acceptance that a formal follow up process is needed to identify the progress made and the opportunities which still may exist in these entities.  The Audit Committee promised to engage with each entity to review the recommendations made in the report and to update the risk matrix once evidence of resolve and sustainability has been provided.

The Audit Committee views this Welcome and Orientation Session as a tremendous starting point in its aim of helping to improve the governance, risk and control framework across the Statutory Bodies.  It also seeks to build on the collaboration and relationships established with the executives, providing support and guidance while influencing leaders to be intentional as they drive improved team and entity performance.  Further sessions with management teams and board members will be held throughout the year.

Also in attendance were the Chairmen and CEOs of the following Statutory Bodies.

  1. Human Rights Commission
  2. Integrity Commission
  3. Civil Aviation Authority
  4. National Health Insurance Board
  5. TCI Community College
  6. Invest TCI
  7. Tourist Board
  8. National Trust
  9. Financial Intelligence Agency
  10. Ports Authority
  11. National Insurance Board
  12. Telecommunication Commission
  13. Airport Authority
  14. Financial Services Commission
  15. Gaming Commission

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Health

Woman dies on Tuesday; 32nd Covid Death for Turks & Caicos

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By Dana Malcolm

Staff Writer

 

#TurksandCaicos, January 20, 2022 – The Turks and Caicos has recorded its 32nd death related to COVID-19.

A Ministry of Health press release informed that the individual who was in quarantine in Grand Turk and requested emergency aid on Tuesday; response came from the public health team in Grand Turk.

The person, who we are told is a special needs young woman – was unvaccinated and had underlying medical conditions.

The death rate in the Turks and Caicos of both vaccinated and unvaccinated persons has climbed alarmingly this year.  In the 21-month period from March 2020 when the country recorded its first case to December 2021, there were 26 deaths recorded in the TCI.

In the 19 days since the start of 2022 that number has increased to 32; which means six deaths already in January.

 

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Bahamas News

Cruising should slow down says PAHO

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By Dana Malcolm

Staff Writer

 

‘Slow down on Cruising’, that’s the word from the Pan American Health Organization, PAHO in their latest recent press conference.

Dr. Ciro Ugarte Director of Health Emergencies at the PAHO was referring to the Bahamas but made sure to note that the advice was highly relevant to many countries in the times of omicron.

“In the context of intense transmission, due to the Omicron variant as we have highlighted several times. It is just logical to suspend or at least limit the cruise ship traffic as an outbreak on board might end up exceedingly high and probably will go beyond the capacity of local health services”

Both the Bahamas and the Turks and Caicos are experiencing a massive uptick in cases and several warnings regarding cruise travel have been issued by the US Centers for Disease Control.

Cruising just resumed for many regional countries this past Summer, Turks and Caicos was among the latest to restart on December 13.

A stop to sailing would be devastating to economies, however, ports of call like Grand Turk which are reeling with rocketing case numbers of COVID are urged to consider the suggestion of slowing down on ships by PAHO.

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Caribbean News

Cayman gets its second ‘Sir’; former Premier Alden McLaughlin knighted on Jan 1

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By Dana Malcolm

Staff Writer

 

#Cayman, January 20, 2022 – Former Premier of Cayman Alden McLaughlin was knighted at the start of 2022; named in the Queen’s New Year Honors List. He is only the second Caymanian to have ever received a knighthood from her Majesty Queen Elizabeth II.

Sir Vassel Johnson, received the honour in 1994; he was Cayman’s first Financial Secretary; he died in November 2008 at the age of 86.

Current Governor, Martyn Roper extended congratulations saying, “This is an outstanding personal achievement for former Premier McLaughlin, one of the most important and impactful political leaders in Cayman over the last 21 years. It is a significant moment for our islands. This historic award is only the second ever Knighthood to a Caymanian since the first in the 1990s. It is a strong signal of the respect in which Cayman is held and a visible demonstration of the progress Cayman has made as a vibrant democracy with strong good governance foundations.”

Sir McLaughlin, who is also now a QC attorney, served two terms as premier and had a career in politics that spanned 21 years. McLaughlin is known for his role in modernizing Cayman’s constitution.

Current premier G. Wayne Panton described the occasion as a unifying moment for the country saying, This is a day of celebration and great pride for all Caymanians as a son of our soil has been bestowed one of the highest honour.  Today marks a new and most unique storyline in the history of the Cayman Islands.  In considering the rarity and magnitude of this occasion, this is certainly a unifying moment for our community.”

Sir Alden McLaughlin, 60, was appointed as a Knight Commander of the Most Distinguished Order of Saint Michael and Saint George on January 1, 2022.

 

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