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TT-M1025 : Improving Corporate Governance in Trinidad and Tobago

Project Status: Closed

The project aims to address excessive risk to the economy due to the non-transparency of public and private publicly-listed companies by increasing understanding of and compliance with current legislation that governs the business environment. The overarching goal is the eventual creation of ethical, non-corrupt business environments which fosters business integrity and results in a competitive and stable economy. Components include: 1. Develop `Plain English¿ Version of Legislation and Electronic Educational Materials ¿ Covering such topics as ethics, induction guidelines for new directors, frequently asked questions, and instructive guide for implementation of guidelines (including standard board performance management, compliance and regulatory frameworks); utilising website access to video materials, electronic booklets, podcasts and Blackberry applications; 2. CEO/Directors/Senior Management Training Workshops ¿ To introduce the electronic educational materials and engage in training/sensitization about the value of improved corporate governance to business practices. Approximately 100 large public interest groups will be targeted for participation, these include publicly traded companies, state enterprises etc. 4. Awareness Workshops- 1-2 sessions geared towards members of the media and civil society to enhance their understanding of the legal framework that governs the private sector and their rights as citizens. 2-3 sessions will also be devoted to enhancing governance practices in SMEs specifically focusing on family run enterprises 5. Monitoring and Evaluation of Implementation of Guidelines ¿ Baseline and post-project electronic surveys to assess effectiveness of the project.

Project Detail

Project Number
TT-M1025
Project Country
Trinidad and Tobago
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
MARKET DEVELOPMNET AND FUNCTIONING
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/ME-12783-TT

Financial Information

Project Number
TT-M1025
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Aug/11/2020

Roles & Responsibilities

Contract signature date
Nov/23/2011

Project Information

Total Cost
USD 211,000
Country counterpart financing
USD 66,000
Amount
USD 145,000

Implementation

Title
Type
Project Number
Date Published
Project Performance Monitoring Reports
ATN/ME-12783-TT;TT-M1025
October 02, 2014
Project Performance Monitoring Reports
ATN/ME-12783-TT;TT-M1025
April 23, 2014
Project Performance Monitoring Reports
ATN/ME-12783-TT;TT-M1025
October 09, 2013
Project Performance Monitoring Reports
ATN/ME-12783-TT;TT-M1025
March 08, 2013
Project Performance Monitoring Reports
ATN/ME-12783-TT;TT-M1025
March 01, 2013