Caribbean Corporate Governance Institute launched

The Caribbean Corporate Governance Institute, a nonprofit membership-based organization dedicated to strengthening principles of good corporate governance across the Caribbean, formally launched on Oct. 3.

Headquartered in Port of Spain, Trinidad, the CCGI aims to become a regional provider of guidance and resources, world-class director training and professional development opportunities in the area of corporate governance.

The launch event marked the formal introduction of the Institute to the business community and included formal announcements followed by a panel of leaders in corporate governance who shared their personal experiences on how corporate governance has shaped their success.

“We began in January this year with modest steps towards building our membership base while creating partnerships that would prove invaluable in our early stages of growth,” said Alex Kjorven, chief executive officer of the Caribbean Corporate Governance Institute. “While we are especially proud of the notable achievements made in a very short period of time, we remain committed to creating exceptional value for our members, setting standards of best practice and galvanizing change towards improved corporate governance in the region.”

Kurt Kisto, executive director Caribbean Constituency at the Inter-American Development Bank said it becomes incumbent on emerging markets, like many in the Caribbean region, to quickly learn and embrace good corporate governance practices. “We see the Institute playing a critical role in helping to usher in best practices in corporate governance for the region and look forward to supporting their pursuits.”