ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Annual Report 2022 - 2023

Corporate Governance Framework

ECCB Monetary Council

Board Subcommittees Board Audit and Risk Committee Board Investment Committee Board Budget and Human Resources Committee Board Pension Fund Trustees Committee Pension Fund Investment Committee Joint Pension Fund/Investment/ Trustees Committee

ECCB Board of Directors

External Auditors

Executive Committee Heads of Departments Management Committee

Relationship with Stakeholders

Management and Oversight

Risk Management and Internal Control

Integrity in Financial Reporting

S.T.A.R Mantra

Code of Conduct

Disclosure and Transparency Compliance with International Standards Internal and External Audit Function

Positive Job Attitude Excellence and Teamwork Integrity and Leadership Adherence to Labour Codes and Laws

Service Excellence Teamwork and Truth Telling Accountability Results

Information Sharing Consultation and Networking Public Education Community Outreach

Accountability and Control Systems

Control Environment External and Internal Auditors Risk Management Environment

Policy and Administration Financial System Stability Currency Stability

2022 - 2026 Strategic Plan The Bank’s 2022 - 2026 Strategic Plan was completed and implemented under the theme: Transforming the ECCU Through Innovation and Collective Action . The Plan was developed in accordance with the Balanced Scorecard Framework and took effect from 1 April 2022. The Plan outlines the five-year strategic objectives and initiatives, along with key performance indicators to measure the success of these objectives. The Balanced Scorecard Framework incorporates a tiered approach to achieving objectives from the corporate level (Tier 1) to departmental level (Tier 2), then finally to the employee level (Tier 3). This framework allows for all employees to be involved in achieving these objectives.

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