ECCB 2020-2021 Annual Report and Statement of Accounts

CORPORATE GOVERNANCE

Code of Conduct The Bank’s overriding code of conduct is encapsulated in its value statement as follows: “The Bank values a results-focused approach in delivering timely, relevant and high quality output for the benefit of the people of the ECCU.” The behaviour of management and staff is governed by various policy documents including: 1. The Eastern Caribbean Central Bank Corporate Governance Charter

2. Conflict of Interest Policy 3. Media Relations Policy 4. Information Systems and Security Policy

5. Eastern Caribbean Central Bank Staff Regulations 6. The ECCB’s Guide – Protocol, Diplomacy and Etiquette 7. Energy Management Policy 8. Financial Regulation Human Resource Management

The Bank is governed by the labour codes and laws of each of its participating member territories. The oversight of the Bank’s human resources is delegated to the Human Resource Department. The management of human resources is informed by polices and guidelines which conform to international conventions and standards pertaining to human rights, equal employment opportunity and working conditions. The Internal Audit Department helps to maintain the integrity of the human resource management process by ensuring that the Bank complies with stipulated policies and procedures. Relationship With Stakeholders Stakeholder Involvement Amidst the dynamic nature and with the uncertainty of the developments of COVID-19 during 2020, the Bank found it necessary to continue to engage its stakeholders by virtually delivering the scheduled networking meetings and consultative fora which provided the avenue for productive engagement and an opportunity to share the measures taken at an individual institution level, while looking at the national and regional responses.

The Bank also convened several special networking and consultative meetings in 2020: 1. Special Meeting of the Regional Debt Coordinating Committee 2. Special Meeting of the Regulatory Oversight Committee 3. Special Meeting with Comptrollers of Inland Revenue Departments 4. Special Meeting with the Regulatory Oversight Committee with the Caribbean Confederation of Credit Unions and systemically important credit unions

The ECCB remained connected with its stakeholders through a variety of media over the year, to enhance the awareness and involvement of the people of the region in relevant economic and financial matters.

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EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2020/2021