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CORPORATE
GOVERNANCE
Corporate Governance Workshop Brochure
Since 2002, the PSOJ has been the leading provider of corporate governance training in Jamaica and has successfully hosted annual Corporate Governance Programmes for Directors. Our first workshop for the year will be a One day Introductory Workshop for Public Sector Boards which has been scheduled for Saturday, February 16, 2008 at the PSOJ Secretariat.
We invite you to view our brochure and contact the PSOJ indicating your interest to Stephanie Logan, Violet Vassell or Nichocie Bryan at tel.#927-6238 ext 2255 or 2245 or 2250 or via email: stephaniel@psoj.org, violet@psoj.org or nichocieb@psoj.org.

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Few takers for PSOJ's Code on Corporate Governance |
Yvonne Grinam-Nicholson
Wednesday, July 18, 2007
The Jamaica Observer
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I last wrote about tried and proven international best practices standards of corporate governance, choosing to look only briefly in my own backyard at the work of the Private Sector Organisation of Jamaica (PSOJ).
The PSOJ now has my full and critical attention as they have invited me to look at our 'yard' creation. Their Code on Corporate Governance (go look it up at www.psoj.org and click on the publications link) was launched last November and is based on the Combined Code on Corporate Governance issued by the Financial Reporting Council of the United Kingdom (2003)....read more
The significance of corporate governance is now widely
recognized both for
national development and as a part of the international financial architecture, and neatly encapsulated in the words of the President of the World Bank that “the proper governance of companies will become as crucial to the world economy as the proper governance of countries”. The “father” of corporate governance Cadbury defines corporate governance as the system by which companies are directed and controlled. Research has shown that good corporate governance can:
•Improve standards in business
•Encourage foreign investment
•Lead to improved performance
by companies
In
many countries the attention on global governance surged
at the time of the international financial crisis in
1997. Between 1996- 1999, Jamaica experienced a colossal
downfall of the Financial Sector which raised concerns
of reporting relationships and accountability of management
and Directors to stakeholders.
With the
primary purpose being to increase awareness of effective
corporate governance in both public and private sector
organisations; and to establish best business practice
corporate governance guidelines for Jamaica, the Private
Sector Organisation of Jamaica (PSOJ) established a
Corporate Governance committee endeavoured to educate
and inform itself on governance issues given its increased
relevance with the demise of several local and international
conglomerates. The committee comprises corporate leaders,
personnel from financial regulatory bodies, accounting
professionals, members of the legal fraternity, and
academia which afford the committee the expertise to
address all aspects of corporate governance with confidence
and efficiency.
The overall
mission of the committee is to become the key influencer
in the delivery and adoption of corporate governance
best business practices by providing access to knowledge
and learning resources for our members and leaders of
business enterprises so they can effectively compete
in the global market.
The
strategic objectives are:
To develop and establish corporate governance guidelines
that will facilitate implementation of best practices.
• To conduct director training
programmes
• To promote the awareness of
corporate governance principles and the impact
that well implemented principles can have on investor
confidence.
• To provide continuing public
education and awareness of Corporate Governance
best practices
• To make corporate governance
knowledge resources accessible to relevant stakeholder
groups
• To collaborate on a continuing
basis with other associations and agencies locally
and regionally on corporate governance issues.
• To influence and comment upon
any corporate governance policy issues and
assess the impact upon the business environment.
PSOJ governance code compliance voluntary
published: Sunday | December 17, 2006
Christopher Bovell, Guest Writer
January 1, 2007 is an important date for all companies listed on the Jamaica Stock Exchange, and for non-listed companies engaged in the provision of financial services. The Private Sector Organisation of Jamaica (PSOJ) Corporate Governance Code, which was launched on November 9, becomes effective for all such companies ,whose annual reporting periods commence on or after January 1.The PSOJ is proposing that all such companies adopt and implement part one of the code - 'Principles of Good Governance'.
.read more>>
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The Private Sector Organisation Of Jamaica. All rights reserved
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