Eastern Caribbean Central Bank 2024-2025 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2024 - 2025

Environmental, Social and Corporate Governance

system of internal control, risk management, and compliance monitoring with laws, regulations, and the code of conduct. Specific to the work of the Committee, consultations were heldwith the Bank’s management team, 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; and 4. Edmond Jackson - Appointed Director for Saint Vincent and the Grenadines.

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; and 8. Financial Regulation. Meetings were held both virtually and in person during the financial year. Networking and consultative meetings were convened as scheduled. Meetings were held biannually while some engagements were held on an annual basis in keeping with the respective terms of reference. The meetings allowed for continued productive stakeholder engagement, welcoming a cross-section of participants from the various institutions. The networking and consultative meetings were convened at a sector level, allowing for institution based learning to be shared and for responses to be generated for use at the national and regional levels. Relationship With Stakeholders Stakeholder Involvement

Integrity and Financial Reporting Disclosure and Transparency

In keeping with international best practices, and in accordance with statutory requirements, the Bank publishes its statement of assets and liabilities on a monthly basis and the audited annual financial statements by the end of June each year.

Compliance with IFRS Accounting Standards

The Bank remains compliant with IFRS Accounting Standards and continues to implement measures to stay current with ongoing developments and amendments to these standards.

Code of Conduct The Bank’s overriding code of conduct is

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