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Last Updated: Feb 13, 2017 - 1:45:37 AM |
RBC Hosts Directors’ Forum in Nassau for RBC Leaders from Across the Northern Caribbean
RBC Royal Bank recently hosted a Directors’ Forum event in Nassau with participation from the directors of RBC's legal entities in The Bahamas, Cayman and Turks & Caicos Islands. In all, 47 RBC leaders, internal regulators and government and regulatory officials attended the session, which was designed to inform participants of the measures in place to enhance corporate governance across RBC’s Caribbean Banking operations. Pictured are RBC Executives and Regulators working together at the recent Directors' Forum. (Photo courtesy of RBC Royal Bank)
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Nassau, Bahamas – RBC Royal Bank recently hosted a Directors’ Forum event in Nassau with participation from the directors of RBC's legal entities in The Bahamas, Cayman and Turks & Caicos Islands. In all, 47 RBC leaders, internal regulators and government and regulatory officials attended the session, which was designed to inform participants of the measures in place to enhance corporate governance across RBC’s Caribbean Banking operations.
“Corporate governance remains one of the most pressing issues facing financial institutions today,” said Mr. Suresh Sookoo, Chief Executive Officer of RBC Caribbean Banking. “It is critical for us to regularly convene, share ideas and become better informed about the environment in which we operate.”
RBC Director, Anthony Delaney, is pictured making a point during recent Directors' Forum Facilitated by RBC
(Photo courtesy of RBC Royal Bank)
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Presenters and attendees at the Forum included Mr. Sookoo; Nathaniel Beneby, Managing Director, RBC, Bahamas, Cayman and Turks & Caicos Islands; Kirk Dudtschak - President, Caribbean Banking; Michael Detje, Chief Financial Officer of RBC’s Caribbean Region; and Bis Mukerji, Chief Risk Officer of RBC’s Caribbean Region. Also in attendance were Wendy Craigg, Governor - Central Bank of The Bahamas; Reina M. EBanks, Head of Banking Supervision Division - Cayman Islands Monetary Authority (CIMA); Kevin Higgins, Managing Director - Financial Services Commission, Turks & Caicos Islands; Hillary Deveaux, Executive Director - Securities Commission, The Bahamas; and Keith Davies, Chief Executive Officer - Bahamas International Stock Exchange.
RBC Directors, Julian Francis and Anthony Robinson, in discussion with Suresh Sookoo, CEO, RBC Royal Bank, Caribbean. (Photo courtesy of RBC Royal Bank)
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During the session, participants focused on RBC’s governance principles and discussed the various measures in place to enhance governance controls. The session reaffirmed RBC’s commitment to positioning the organization as an enterprise following best practices in corporate governance.
“RBC’s reputation as one of the leading corporate governance practitioners in the world has been built through the years,” said Mr. Nathaniel Beneby. “We remain committed to working with regulators to ensure that the highest standards of corporate governance are adhered to within our organization.”
Donnetta Turnquest, Head, Market Coordination, RBC along with Reina Ebanks, Cayman Islands Monetary Authority and Denise Ferguson, Manager, Operations Risk, RBC
(Photo courtesy of RBC Royal Bank)
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RBC has a number of legal entities that operate in the Caribbean, each of which has an independent Board of Directors. Representatives from the following entities were in attendance at the Forum: RBC Royal Bank (Bahamas) Limited; Finance Corporation of Bahamas Limited (FINCO); FINCO Insurance Agency Limited; and RBC Royal Bank (Cayman) Limited; RBC Royal Bank (Turks); and RBC Royal Bank (Jamaica).
“We consider it important to share governance information with all of our directors and leaders across the Caribbean,” said Ms. Nicole Richards, General Counsel and Corporate Secretary, RBC Financial (Caribbean) Limited. “This Forum gave us the opportunity to emphasize the key elements necessary for the maintenance of an engaged and effective board, including strict adherence to audit, risk management and compliance practices.”
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