Committees
Audit Committee
The Audit Committee is responsible for ensuring that the Company’s financial statements are accurate and reliable. Additionally it can assume the responsibility for overseeing and reviewing the financial reporting process, the Company’s internal control systems, audit activities, and monitoring the external auditors. The members of the Audit Committee are:
Dania Marcelle-Ferguson — Convenor
Al Kerr
Derek Leith
Budget Committee
The Budget Committee is tasked with managing and monitoring the Company’s budgetary priorities, goals, and the changes in revenue and spending necessary to achieve those goals. The members of the Budget Committee are:
Derek Leith — Convenor
Lesley Gray
Dwayne Nurse
Human Resource Committee
The Human Resource Committee (HRC) is a sub-committee of the Board of Directors of Venture Capital Equity Fund Company Limited (VCEFL). This Committee is established to oversee the management of the human capital of VCEFL, to ensure the company attracts and retains a cadre of competent, efficient, motivated employees. The overarching responsibility of the Committee is to review, monitor and make policy recommendations for the approval of the Board of Directors to ensure the company adheres to tenets of transparency, accountability and good industrial relations principles and practices. The members of the Human Resource Committee are:
Lesley Gray – Convenor
Al Kerr
Dania Marcelle-Ferguson
Investment Committee
The Investment Committee (IC) works in tandem with the General Manager to deliver the full range of investment responsibilities, strategic vision and to provide accountability to the Board of Directors and the Shareholder. The Investment Committee members are appointed by the Board of Directors to act in an advisory capacity, however, ultimate responsibility for investment recommendation lies with the Board.
This committee comprises of members of the Tobago business community as well as two members of the VCEFL Board of Directors. These professionals use global best practices adapted to Tobago’s economic experiences and realities to manage seed capital provided by VCEFL shareholders and investors. The members of the Investment Committee are:
Curtis Williams – Chairman
Simone Hall
Dania Marcelle-Ferguson
Waltnel Sosa