ECSE-PBC Governance CPD Webinar Series
Regional Environmental and Social Governance: A Challenge and an Opportunity for Caribbean Boards
Summary/Purpose: The world is changing rapidly and recent events such as wars, political instability, pandemic, and climate change are placing greater emphasis on the role that business plays as part of the wider community. The obligations that businesses, and, by definition, the boards and executive management have to the wider community and stakeholders means that environmental and social governance (ESG) is no longer a compliance checklist or promotional activity (if it ever was). It is now a strategic imperative, and needs to be built into the company’s strategy, culture, and reporting systems. However, getting ESG right can become a source of competitive advantage. The purpose of this session is to provide boards with a better understanding of ESG principles and reporting obligations; and how they can ensure that their organization can integrate ESG into their strategy to become a good corporate citizen; and meet the needs of their stakeholders to become a truly successful and valuable part of the wider community from which they draw their resources.
Content: The session will describe the evolution of ESG from the old CSR model to the modern integrated ESG model of today, including an overview of the various bodies that oversee the reporting of non-financial metrics. We define ESG and its pillars, and what boards need to do to integrate ESG systems and thinking into the strategy, culture, and DNA of the company. We propose that this is not only necessary, but presents a significant opportunity for innovation, enhancing the reputation of the organization, attracting capital investment, and attracting the brightest and best talent to the company as a desirable place to work. Although sustainability oversight and integrated reporting is at the nascent stage in the Caribbean, there have been some pioneers in this space, and we look at one or two examples that other companies in the region can aspire to.
Outcomes and Benefits: Participants will walk away with a different perspective around ESG and be motivated to challenge management to develop ESG policies and practices that will position the company for growth in the future and meet its obligations to its various stakeholders. ESG represents an enormous opportunity for businesses, and attendees will not only understand the benefits, but leave with useful tools and ideas for integrating ESG into their boardroom and the wider organization.
Who Will Benefit by Attending: Corporate and board secretaries, board and committee chairs, individual directors, boards (as a collective), and any senior management team member or governance professional that is involved with sustainability and who interacts with the governance function and/or the board in their organization.
EC$295/US$110 payable to the Eastern Caribbean Securities Exchange Ltd by Credit Card, Wire Transfer or Electronic Funds Transfer (EFT) on or before Friday 9 June 2023, to confirm participation.
Discounted Rate for ECSE Affiliates and CGIC Members – EC$270/US$100
(CGIC members must include their membership number to benefit from this discount)
Registration: The webinar will be delivered on Wednesday June 14, 2023 at 9:00AM UTC-4.
Click HERE to register
MR WENDELL E LAWRENCE, OBE, MSc, CPA, CGMA
Wendell E Lawrence OBE has considerable experience in assisting clients in a range of matters including governance, finance, management, and taxation. His intimate knowledge of St. Kitts and Nevis and of the Caribbean region has helped to establish Caribbean Governance Consultants Inc, the company he founded, as one of the Caribbean’s leading providers of financial consultancy and governance services to clients in the region interested in improving corporate governance in their organizations and to international clients interested in establishing a presence, investing, or doing business in the Caribbean.
He has acquired first-hand knowledge of the legal and regulatory framework and business climate of various Caribbean Jurisdictions through the roles he played as the Financial Secretary of St. Kitts and Nevis, a Director of the Eastern Caribbean Central Bank (ECCB), Chairman of the Regional Debt Coordinating Committee (RDCC), a Director of the Caribbean Development Bank, a member of the Regional Judicial and Legal Services Commission (RJLSC) that plays a key role in the Governance of the Caribbean Court of Justice (CCJ), and St. Kitts and Nevis Ambassador Plenipotentiary and Extraordinary (with accreditation to the Caribbean Community (CARICOM), the Organization of Eastern Caribbean States (OECS) and the Association of Caribbean States (ACS). He was instrumental in the restructuring of the Caribbean Community in the role of Project Manager, and in reviewing the Governance structure of the Caribbean Court of Justice in a consultative role.
His educational and professional qualifications include a Master of Science Degree in Accounting from the University of the West Indies, a Master of Science degree in Financial Economics from the University of London, membership of the Eastern Caribbean Association of Chartered Accountants and membership of the American Institute of Certified Public Accountants (AICPA).