Government of St. Kitts Prospectuses

ECSE-PBC Governance CPD Webinar Series

Topic

Governing AI with Courage, Clarity, and Speed – A Fireside Conversation on the Eight Dimensions of Holistic Governance

Session Overview

AI is already inside our institutions. It is scoring credit applications, monitoring transactions for AML, forecasting load on our power grids, triaging insurance claims, and shaping the decisions our customers experience every day. In most cases, it has arrived faster than the governance frameworks meant to oversee it. 

For Caribbean banks, utilities, and insurers, this gap is not just an operational risk — it is a strategic, regulatory, and reputational one. Global regulators are accelerating AI rules. Correspondent banks are scrutinising AI controls. Customers are asking harder questions. And boards are realising that the cyber-risk lens they built over the past decade does not, on its own, govern AI. 

In this fireside chat, Dr. Jodie Lobana — author of Holistic Governance of Artificial Intelligence and holder of the world’s first PhD focused exclusively on AI governance for corporate boards — will walk Caribbean directors and executives through the Holistic Framework of AI Governance™: an 8-dimension, 22-element architecture guiding boards, Crown corporations, and United Nations agencies to govern AI as a whole-of-organisation discipline. 

The session will then introduce a practical AI Governance Diagnostic Review template, allowing leaders to assess their own institutions across current state, framework requirements, gaps, and priority recommendations — a tool they can take directly to their next board meeting. The conversation will close with a forward look at the Holistic Antifragile Governance Architecture (HAGA)™, which addresses the next horizon: governing autonomous AI agents that learn, evolve, and make decisions in real time. 

This is not a compliance lecture. It is a board-level conversation about how Caribbean financial, utility, and insurance institutions can move from reactive AI adoption to principled, anticipatory AI governance — guided by the three qualities every leader will need in the decade ahead: courage to act before clarity is convenient, clarity to cut through the noise of competing AI narratives, and speed to keep pace with technology that does not wait for permission. 

What You Will Walk Away With 

By the end of this session, participants will: 

1. Understand the eight dimensions of holistic AI governance and why governing AI through any single lens — IT, risk, ethics, or compliance alone — leaves institutions exposed. 

2. Be able to apply a diagnostic template to assess their own institution’s AI governance maturity across current state, requirements, gaps, and recommendations. 

3. Recognise the right oversight questions to ask management about AI systems already operating inside their organization — without needing a technical background. 

4. See the path forward to antifragile governance through the HAGA model — preparing for autonomous AI agents before they become the norm rather than the exception. 

5. Leave with a board-ready vocabulary that positions the director, CEO, or CAE as a leader in the AI conversation rather than a passenger in it. 

Who This Session Is For 

Board directors, CEOs, Chief Risk Officers, Chief Audit Executives, Chief Compliance Officers, Chief Information Officers, and senior executives across Caribbean banks, utilities, insurance companies and other entities — particularly those whose institutions have deployed (or are evaluating) AI in credit, fraud, AML, underwriting, claims, customer service, predictive maintenance, or load forecasting. 

About the Format 

The session is structured as an intimate fireside chat, not a formal lecture. After a brief opening, Dr. Lobana will walk the audience through the framework, the diagnostic template, and the HAGA model using only five visual anchors. The remaining 30 minutes are dedicated to open dialogue and audience Q&A — the most valuable part of the conversation, where Caribbean leaders can surface the AI governance questions they have not yet asked anyone else. 

Registration: The webinar will be delivered Wednesday 10th June 2026, from 9:00 am to 10:30 am (UTC-4).

Fees: A Registration Fee of EC$295 (US$110) per participant is payable to the Eastern Caribbean Securities Exchange Ltd by Credit Card, Wire Transfer or Electronic Funds Transfer (EFT) by 5th June 2026.
Discounted Rate for ECSE Affiliates and CGIC Members – EC$270 (US$100)
(CGIC members must include their membership number to benefit from this discount)

To register, click here

Your Facilitator: 

Dr. Jodie Lobana holds the world’s first PhD focused exclusively on AI governance for corporate boards — research conducted at McMaster University that produced her proprietary Holistic Framework of AI Governance™, an 8-dimension, 22-element architecture guiding boards, Crown corporations, and international institutions worldwide. She has since developed the Holistic Antifragile Governance Architecture (HAGA)™ and the Intelligent Oversight Architecture (IOA)™, designed to govern autonomous AI agents that learn, evolve, and make decisions beyond traditional oversight models. 

As Founder and CEO of AIGE Global Advisors, Dr. Lobana guides boards, Crown corporations, and United Nations agencies on governing AI with courage, clarity, and speed. She has delivered AI governance training to the Interac Board of Directors and AI Risk Management training to OPCW Directors and Branch Heads at the Organisation for the Prohibition of Chemical Weapons. In 2026, she was invited as the AI governance expert to the OPCW’s Advisory Board on Education and Outreach, helping shape recommendations on AI ethics governance for the Director-General of a Nobel Peace Prize-winning organisation. She has also presented to Chief Audit Executives of all International Development Banks and UN agencies, first in Shanghai and again in The Hague. 

A Fellow Chartered Professional Accountant (FCPA, FCA), an ICD.D certified director, and a Modern Governance 100 honouree, Dr. Lobana has delivered sessions to more than 8,500 professionals across 50+ countries, including OSFI, CPA Canada, the IIA Global, and the Canadian School Boards. She holds executive AI certifications from MIT Sloan and the University of Toronto, and serves as Course Director at York University, teaching IT Governance and AI. 

As one of just 21 global members of the International Internal Audit Standards Board, Dr. Lobana co-developed and approved the new Global Internal Audit Standards — the framework shaping internal audit practice worldwide today. 

Her new book, Holistic Governance of Artificial Intelligence, became a #1 Amazon bestseller in multiple categories — including Strategy & Competition, Manager’s Guide to Computing, and AI & Cybernetics, where her work was featured alongside Norbert Wiener, the father of cybernetics. The book offers a rigorous, practical, and deeply human roadmap for boards and executives navigating the ethical, operational, and strategic implications of AI. 

ECSE-PBC Governance CPD Webinar Series

Topic:

Integrating Risk Governance and Social Purpose into Core Strategy - How boards can mitigate hard risks by managing trust, culture, and stakeholder alignment

Summary/Purpose:

This session explores how Caribbean organizations can embed risk governance and social purpose into their core strategy in ways that satisfy regulatory expectations, strengthen ESG performance, and enhance long term sustainability. With global and regional regulators increasingly demanding transparency, ethical conduct, and demonstrable societal impact, boards must understand how to guide responsible stewardship and sustainable value creation.

The purpose of this webinar is to help executives move beyond compliance and leverage social purpose as a strategic differentiator—one that enhances reputation and talent attraction positioning the organization as a trusted and credible partner within the economies in which it operates. Particularly relevant for organizations seeking resilience and competitiveness.

Content:

Integrating Social Responsibility into Strategy

• The Role of the Board and C-Suite in driving ESG as a competitive differentiator
• Aligning ESG priorities with corporate purpose and long-term value creation
• Integrating sustainability metrics into board dashboards, KPIs, and executive incentives
• Linking social responsibility to enterprise risk management

Regulatory and Governance Landscape

• Emerging ESG and sustainability disclosure expectations across the Caribbean and globally
• ISO 37000: responsible governance, stewardship, and sustainable organizational purpose
• Case examples of organizations using ESG to strengthen competitiveness and investor confidence

Understanding Stakeholders and Materiality

• Who are your real stakeholders beyond shareholders?
• Do they consider you a good neighbor, corporate citizen, societal partner?
• Stakeholder mapping: influence, impact, legitimacy, and risk exposure
• ESG materiality assessments that inform decision-making—not just reporting

Risk Management in a Volatile Environment

• Hard risk vs Soft risk
• Integrating ESG into enterprise risk management and scenario planning
• Preparing for climate, regulatory, and societal shifts
• Managing expectations before they escalate into reputational events

Benefits of Attending:

•  Gain clarity on evolving ESG and regulatory expectations
• Understand how ISO 37000 can guide responsible governance and long-term viability
• Learn how to integrate social responsibility into strategy, risk management, and capital decisions
• Strengthen stakeholder credibility and reputational resilience
• Enhance competitiveness and readiness for international growth
• Access practical board-level tools for stakeholder mapping, materiality prioritization, and governance enhancement.

Who should attend: Board chairs, company directors, company secretaries, chief executives and any executive working with or supporting the board.

Registration: The webinar will be delivered Wednesday 18 March, from 9:00 am to 10:30 am (UTC-4).

Fees: A Registration Fee of EC$295 (US$110) per participant is payable to the Eastern Caribbean Securities Exchange Ltd by Credit Card, Wire Transfer or Electronic Funds Transfer (EFT) by 13th March 2026.
Discounted Rate for ECSE Affiliates and CGIC Members – EC$270 (US$100)
(CGIC members must include their membership number to benefit from this discount)

To register, click here:

Your Facilitator:

Chafika Eddine

Independent Strategic Advisor – Corporate Strategy, Governance & Risk

C-suite executive with 25+ years of global leadership in the natural resources sector, advising Boards and on executive teams on corporate strategy, enterprise risk, governance, and ESG optimization across complex jurisdictions. Extensive experience guiding portfolio decisions, permitting pathways, and executive positioning in politically and socially sensitive environments.

Recognized for advancing mining developments from exploration to operation, through regulatory complexity, geopolitical risk and stakeholder contention, bringing disciplined governance, operational insight, and risk intelligence to executive decision-making. Published author on mining governance in Panama and developer of the Social Legitimacy for Mining (SLM) framework, contributing to evolving thinking on institutional credibility and extractive-sector governance.

Dual national of Canada and Brazil, with professional experience across Europe, Latin America, North America, and India. Holds degrees in Law and Community Development and is completing a Doctor of Business Administration at Royal Roads University (Canada). Fellow of the Chartered Governance Institute of Canada. Recognized among the 100 Global Inspirational Women in Mining and recipient of Canada’s Trailblazer Award.

Global Experience: Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Dominican Republic, Ecuador, India, Mexico, Panama, Paraguay, Peru, Portugal, Sweden, UK, USA, Venezuela.

Languages: Fluent English, Spanish, Portuguese; working knowledge of French and Italian.

FAQ’s: Your Investor Questions Answered.  

1. What is the ECSE Tokenized Securities Market (EC‑TSM)? 

• The EC‑TSM is the Caribbean’s first regulated public market for tokenized securities. It allows investors to participate in compliant, blockchain-powered offerings including tokenized IPOs and secondary trading of digital securities listed on the Eastern Caribbean Securities Exchange (ECSE).

2. What is a tokenized security?

• A tokenized security is a traditional financial instrument (such as equity or debt) represented in digital form on a secure blockchain infrastructure. It offers the same legal and economic rights as a regular security, but with improved transparency, speed, and accessibility.
• The EC-TSM platform introduces a number of transformative capabilities for both issuers and investors, including: 
  • 24/7 operational infrastructure, with live trading available 23 hours a day, five days a week 
  • Real time Market Cap 
  • Streamlined Corporate Actions 
  • Supports Multiple Asset Classes, including, Equity, Debt, and Asset Backed Securities 
  • Accessible IPO entry points, making participation in public offerings more inclusive for a broader range of investors. 
  • The infrastructure supports transactions through fiat, CBDCs and stablecoins. 

3. How do I invest in tokenized securities on ECSE? 

•  To invest, you must open an account with an ECSE-licensed Broker Dealer. The Broker Dealer will help you: 
  • Complete Know Your Customer (KYC) verification 
  • Fund your account 
  • Subscribe to tokenized IPOs 
  • Trade on the secondary market once the securities are listed 
• Investor onboarding is fully digital and accessible online.

4. Who are the licensed Broker Dealers I can register with?

• Current approved Broker Dealer-dealers include: 
  • First Citizens Investment Services Ltd. 
  • Bank of Saint Lucia Ltd. 
• More Broker Dealers may be added to the ECSE network over time. 

5. Can international investors participate?

• Yes. International investors, institutions and individuals, including the Caribbean diaspora can participate as long as: 
  • They open an account with a licensed ECSE-approved Broker Dealer 
  • They are not from a sanctioned jurisdiction.  
• Your Broker Dealer will determine if there are any limitations to your participation in any particular offering. 

6. What are the risks of investing in tokenized securities? 

• All investments carry risk. While tokenized securities benefit from blockchain transparency and faster settlement, investor due diligence remains essential. Risks may include: 
  • Market fluctuation 
  • Business performance of the issuer 
  • Liquidity constraints 
  • Regulatory or jurisdictional considerations 
• Always read the Offering Document (Prospectus) and consult with your Broker Dealer or financial advisor before investing.

7. Are tokenized securities the same as cryptocurrencies? 

• No. Tokenized securities are regulated financial instruments, such as shares or bonds, that represent ownership or claims on a real asset or business and are issued in compliance with securities laws. They are not cryptocurrencies.  

8. How is my investment protected? 

• Tokenized securities are issued through a regulated exchange (ECSE) 
• Investor onboarding is conducted by licensed Broker Dealers 
• Assets are tracked on secure blockchain infrastructure 
• Regulatory oversight is provided by the Eastern Caribbean Securities Regulatory Commission (ECSRC)

9. How do I monitor or trade my investments after purchase?

• You can log into your Broker Dealer account to: 
  • View your holdings 
  • Monitor pricing and performance 
  • Trade securities on the secondary market 
• Your online portal provides access to your real-time portfolio and transaction history. 

10. Is there a minimum investment amount? 

• Minimum investment thresholds vary by offering. Some IPOs may have entry points as low as USD $10 depending on the issuer. These limits are outlined in the prospectus. 

11. Can I sell my tokenized securities later?  

• Yes. Once the security is listed and secondary trading is enabled, you can place a sell order through your Broker Dealer, just like with traditional securities. Liquidity will depend on market demand.

12. For Investors: How do I get started? 

1. Choose a licensed Broker Dealer from the ECSE-approved list 
2. Complete Know Your Customer (KYC) and fund your account 
3. Review available offerings 
4. Subscribe to tokenized IPOs or trade existing listings 

Click Register Your Interest to begin.

FAQ’s: Your Issuer Questions Answered.  

1. What is the minimum amount I can raise?

• There is no minimum raise requirement on the ECSE Tokenized Securities Market (EC‑TSM)

2. How do I know if my company qualifies to list on the exchange?

• Issuers must meet baseline eligibility requirements related to corporate structure, financial readiness, governance, and regulatory compliance. Please refer to the Qualification Checklist to determine your readiness before engaging a Broker Dealer. All listings are subject to regulatory approval.

3. Is this market accessible to small and medium-sized enterprises (SMEs)?

• Yes. One of the core objectives of the ECSE Tokenized Securities Market (EC‑TSM) is to provide qualified SMEs with access to regulated public capital markets. 
  
  Through streamlined digital processes, Broker Dealer support, and no preset minimum raise thresholds*, EC‑TSM makes it feasible for growth-oriented businesses to raise funds through tokenized IPOs without the high costs and complexity of traditional listings. 
  
  SMEs that meet the qualification criteria, including audited financials and proper governance, can benefit from: 
  • Increased visibility through exchange listing 
  • Access to regional and international investors 
  • Liquidity through secondary market trading 
  • Credibility and transparency supported by regulatory oversight 

• Your Broker Dealer-dealer can help assess readiness and guide you through each step of the process. 

*While there is no formal minimum raise requirement, each offering must demonstrate economic viability and sound rationale for listing. 

4. Do I need audited financial statements?

• Yes. Audited financial statements prepared in accordance with recognized international auditing standards are required. 

5. Who can act as my auditor?

• Your auditor must be a licensed and accredited audit professional such as a CPA or equivalent, recognized in your home jurisdiction. With the EC-TSM, you’re not required to use large audit firms that may not be a good fit for SMEs. 

6. What types of securities can be listed?

• The EC‑TSM supports a wide range of tokenized securities, including but not limited to: 
  • Equity securities (common or preferred shares) 
  • Debt instruments (bonds, notes, convertible debt) 
  • Revenue‑sharing or profit‑participation instruments 
  • Asset‑backed securities such as real estate, Royalties or IP.  
• All securities must comply with applicable securities laws and be approved by the exchange and regulator. 

7. Are there regulatory filings I need to be aware of? Do I need to file with the Regulator?

• Yes. You must file a Prospectus with the Eastern Caribbean Securities Regulatory Commission (ECSRC). Our platform includes a prospectus builder that can expedite your preparation to save you time and money.  
• Your Broker Dealer and legal counsel will guide you through the required filings. 

8. What are the ongoing reporting requirements after listing? 

• Most exchanges require ongoing disclosure, including: 
  • Quarterly financial statements 
  • Annual audited financial statements 
  • Report on material changes to the business  
• Additional reporting obligations may apply depending on the issuer’s structure, jurisdiction, and security type. Your Broker Dealer will assist in managing these requirements.

9. What are the legal implications if I am a company outside of the Eastern Caribbean?

• International issuers must comply with: 
  • All applicable securities regulations 
  • Listing and disclosure requirements as specified by the ECSE and the market regulator, the ECSRC. 
• Legal counsel and your Broker Dealer can guide you regarding any special requirements for your organization.

10. Can investors participate from anywhere in the world?

• Our market supports global investors who may participate by opening an account with one of our licensed Broker Dealers. However, issuers may only market their offering in jurisdictions where appropriate regulatory filings have been made or relevant exemptions apply. Broker Dealers will support compliant investor outreach. 

11. Do I need to travel as part of the offering? 

• Travel is not mandatory, but issuers are encouraged to participate in: 
  • Investor roadshows (in‑person or virtual) 
  • Broker Dealer led presentations and briefings 
• You should be prepared with professional marketing materials and management availability to support investor engagement. 

12. What types of deals have been completed before?

• Our licensed Broker Dealers have been executing public and private capital raises for decades across multiple asset classes and regions. 
• Tokenization enhances efficiency, transparency, and access but successful offerings are driven by strong fundamentals, credible management, and investor demand.

 13. What role does the exchange play versus the Broker Dealer? 

• The exchange provides the regulated market infrastructure and listing venue. 
• The Broker Dealer manages issuer onboarding, regulatory coordination, investor distribution, and marketing support. 
• Issuers must work through a licensed Broker Dealer to access the EC‑TSM. 

14. How long does the listing and offering process take?

• Timelines vary depending on readiness, regulatory review, and offering complexity. Well‑prepared issuers can typically expect the process to take several months from initial onboarding to launch.

15. After a successful raise and my securities begin trading on the secondary market, is there a minimum market cap the company must maintain to stay listed? 

• There is no specific minimum percentage of the capital raise that must be maintained; however, the issuer must meet all applicable listing and regulatory requirements. 

16. For Issuers: Where do I start? 

1. Review the Qualification Checklist 
2. Contact a licensed ECSE-approved Broker Dealer 
3. Begin issuer onboarding through the EC‑TSM platform and use the Prospectus Builder to prepare for your offering

Click Register Your Interest to begin.

ECSE-PBC Governance CPD Webinar Series

Enhancing Board Governance through Strategic Stakeholder Engagement

Summary/Purpose: In today’s complex and fast-changing environment, effective stakeholder engagement is no longer optional, it’s essential for robust board governance and sustainable value creation. This interactive workshop is designed to equip board members, executives, and governance professionals with the knowledge and tools to navigate the evolving landscape of stakeholder expectations and influence.

Content: Participants will explore the critical role of stakeholder engagement in value creation, and how purpose-led governance can drive long-term success that can benefit a diverse range of stakeholders. Through dynamic discussions, real-world case studies, and practical exercises, the session will delve into: 

• The strategic connection between organizational purpose and value creation 

• The dual dimensions of enterprise and social value 

• The tangible benefits of proactive and meaningful stakeholder engagement 

• Broadening conventional definitions of stakeholders to reflect today’s realities 

• Stakeholder mapping techniques to identify influence, interests, relationships and materiality 

• Innovative and inclusive strategies for stakeholder engagement 

• Best practices in tracking, measuring, and reporting stakeholder value and impact 

• Understanding how stakeholders influence one another and the organization 

• The role of board composition in shaping stakeholder relationships and trust 
• Emerging trends and expectations in stakeholder management and accountability 

Benefits:  By attending this virtual session, attendees will learn how stakeholder engagement supports stronger governance and risk oversight and better understand how aligning with stakeholder expectations builds trust and strengthens performance, leading to increased value creation. Through real world examples participants will receive practical tools to assess and strengthen stakeholder relationships, a framework for aligning governance with stakeholder expectations and gain insights into how effective stakeholder engagement enhances board performance and organizational resilience. 

This workshop encourages participation, reflection, and collaboration helping governance leaders move beyond compliance to embrace a more strategic, inclusive, and value-driven approach to stakeholder engagement. 

Who should attend: Board chairs, company directors, company secretaries, chief executives and any executive working with or supporting the board. 

Registration: The webinar will be delivered Wednesday 17 September, from 9:00 am to 10:30 am (UTC-4).

Fees: A Registration Fee of EC$295 (US$110) per participant is payable to the Eastern Caribbean Securities Exchange Ltd by Credit Card, Wire Transfer or Electronic Funds Transfer (EFT) by 12th September 2025.
Discounted Rate for ECSE Affiliates and CGIC Members – EC$270 (US$100)
(CGIC members must include their membership number to benefit from this discount)

To register, click here:

Your Facilitator:

Michelle H. Snow, ICD.D is an executive leader, governance professional, public engagement expert and consultant with extensive experience in board governance as both a director and senior advisor to numerous boards in the voluntary, non-profit and public sectors.  

She is the founder and CEO of Elevate Governance Consulting Inc. offering customized governance advisory services and training to companies, organizations and their boards of directors. Her professional career has spanned over three decades of public service with Memorial University and the Government of Newfoundland and Labrador in senior leadership positions. From 2020 to 2023 Michelle was a senior advisor to Memorial University as the Executive Director, University Governance Secretariat and Interim Secretary of Senate providing strategic advice to the President and the Chair of the Board of Regents on matters of governance.  

A seasoned governance professional and public engagement practitioner, Michelle holds a Bachelor of Arts and certificates in Public Administration and Newfoundland Studies from Memorial University of Newfoundland and a Masters Certificate in Project Management from York University. In 2023 she completed the Directors Education Program from the Rotman School of Management earning the coveted Institute of Corporate Directors ICD.D designation. She is a skilled facilitator with training through the International Association of Public Participation (IAP2 Canada) where she served as Treasurer for the IAP2 Canada Board of Directors from 2018-2024.  

Michelle is an alumna of the 2015 Governor General’s Canadian Leadership Conference and was the Newfoundland and Labrador Tour Chair for the Duke of Edinburgh’s Commonwealth Study Conference 2023 Newfoundland and Labrador Study Tour.