Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Environmental, Social and Corporate Governance

management of the Bank. He is required to attend all meetings of the Monetary Council.

6. Joint Pension Fund and Investment Committee.

The Governor has the authority to act, contract and sign instruments and documents on behalf of the Bank, and may by resolution of, and to the extent deemed appropriate by the Board, delegate such authority to other officers. The Deputy Governor In accordance with the ECCB Agreement, “During the absence or disability of the Governor or during any vacancy in the office of theGovernor, the Deputy Governor shall exercise the powers and duties of that office. The Board shall make provision for the simultaneous absence or disability of the Governor and the Deputy Governor.” Like the Governor, the Deputy Governor is to devote the whole of her professional time to the service of the Bank while holding office. Meetings of the Board of Directors The Board is required to meet as often as the business of the Bank may require but not less than once every three calendar months. During any given calendar year, the Board convenes four meetings. Five Appointed Directors at any meeting constitutes a quorum. Six subcommittees assist with the execution of the mandate of the Board: 1. Board Audit and Risk Committee (BARC); 2. Board Investment Committee; 3. Board Budget and Human Resources Committee; 4. Pension Fund Trustees Committee; 5. Pension Fund Investment Committee; and

In accordance with Article 13 (1) of the ECCB Agreement Act, the Board of Directors convened the statutory number of meetings during the period under review, face-to-face and via videoconferencing: ; 13 June 2024 - Meeting of the Board Audit and Risk Committee ; 14 June 2024 - 193 rd Meeting of the Board of Directors (plenary and caucus) ; 26 September 2024 ~ Meeting of the Board Investment Committee ~ Meeting of the Board Audit and Risk Committee ; 27 September 2024 - 194 th Meeting of the Board of Directors (plenary and caucus) ; 23 January 2025 ~ Meeting of the Board Budget and Human Resource Committee ~ Meeting of the Board Investment Committee ~ Meeting of the Board Audit and Risk Committee ; 24 January 2025 - 195 th Meeting of the Board of Directors (plenary and caucus) ; 19 March 2025 - Meeting of the Board Audit and Risk Committee ; 20 March 2025 - 196 th Meeting of the Board of Directors (plenary and caucus) Risk Management and Internal Control The Board Audit and Risk Committee continues to provide guidance to the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process; and to provide a

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