ECCB 2023-2024 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2023 - 2024

29 June 2023, (Face-to-Face) Saint Christopher (St Kitts) and Nevis:

Two Special Meetings of the Board of Directors were held in 2023: • 8 June 2023 (Virtual) - Special Meeting of the Board Audit and Risk Committee; and • 9 June 2023 (Virtual) - First Special Meeting of the Board of Directors. R isk M anagement and I nternal C ontrol The Board Audit and Risk Committee (BARC) continued to provide guidance to the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process; and to provide a system of internal controls, risk management, and compliance monitoring with laws and regulations, and the Code of Conduct. Specific to the work of the Committee, consultations were held with the Bank’s Risk Management team, other officers, and the Internal Audit Department. The BARC comprises the following Appointed Directors: 1. John Skerritt, Chairman - Appointed Director for Montserrat 2. Hilary Hazel, Deputy Chair - Appointed Director for Saint Christopher (St Kitts) and Nevis 3. Kathleen Rogers - Appointed Director for Anguilla 4. Edmond Jackson - Appointed Director for Saint Vincent and the Grenadines External Auditors The ECCB engaged a new auditing firm in October 2022. PricewaterhouseCoopers (PwC) was approved as the Bank’s external auditor for the periods 31 March 2023, 31 March 2024 and 31 March 2025 following an external auditors selection process, which commenced in June 2022.

5 Board Audit and Risk Committee 5 Board Investment Committee

5 Board Budget and Human Resource Committee (Plenary and Caucus Sessions) 30 June 2023 (Face-to-Face) Saint Christopher (St Kitts) and Nevis: • 189 th Meeting of the Board of Directors (Plenary and Caucus Sessions)

7 September 2023 (Virtual):

• Board Audit and Risk Committee

8 September 2023 (Virtual):

• Board Investment Committee • 190 th Meeting of the Board of Directors (Plenary and Caucus Sessions)

25 January 2024 (Virtual):

5 Board Audit and Risk Committee 5 Board Investment Committee 5 Board Budget and Human Resource Committee

26 January 2024 (Virtual): • 191 st Meeting of the Board of Directors

7 March 2024 (Virtual):

• Board Audit and Risk Committee

8 March 2024 (Virtual): • 192 nd Meeting of the Board of Directors

Special Meetings of the Board of Directors The ECCB Agreement Act, also makes provision for the Board of Directors to convene special meetings to address specific matters of the Bank.

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