From Bahama islands info

Donnetta Turnquest, Head, Market Coordination, RBC along with Reina EBanks, Cayman Islands Monetary Authority and Denise Ferguson, Manager, Operations Risk, RBC.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.”

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.

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 Directors Julian Francis and Anthony Robinson in discussion with Suresh Sookoo, CEO, RBC Royal Bank, Caribbean.“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.”

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).

RBC director, Anthony Delaney makes a point during the recent Director’s Forum faciliated by RBC.“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.”

Photo 1: Donnetta Turnquest, Head, Market Coordination, RBC along with Reina EBanks, Cayman Islands Monetary Authority and Denise Ferguson, Manager, Operations Risk, RBC.

Photo 2: RBC Directors Julian Francis and Anthony Robinson in discussion with Suresh Sookoo, CEO, RBC Royal Bank, Caribbean.

Photo 3: RBC director, Anthony Delaney makes a point during the recent Director’s Forum faciliated by RBC.