The ‘third line’ of corporate defence
AS defined by the Committee of Sponsoring Organisations of the Treadway Commission (COSO) in 2004, enterprise risk management (ERM) is a process effected by an entity’s board of directors, management and other personnel. It is applied in a strategy setting across the company, and is designed to identify potential events that may affect the business and manage risk such that it falls within its risk appetite.
Bus drivers: ‘Don’t leave us hanging’
Jitney drivers yesterday urged the Government to either approve a passenger fare increase or subsidise the sector given that they are still restricted to 50 percent seating capacity.
Accountants told peer oversight ‘here to stay’
Practice monitoring for public accountants is “here to stay”, the Bahamas Institute of Chartered Accountants (BICA) president said yesterday.
Payment provider eyes 20-25% profit increase
A Bahamian digital payments provider is forecasting a 20-25 percent profits increase in 2022 based on the financial transactions it handles being “no less than double” this year’s $100m.
Bahamas ‘can’t afford’ aviation downgrade
The Bahamas “cannot afford” to have any further downgrade to the aviation industry’s global standing, airline operators have warned, and are hoping for a “marked improvement” this month.
New COVID rules ‘threaten hardship’
A former Cabinet minister has warned the proposed COVID-19 rules are too “inflexible and draconian”, and threaten to “create hardship” for businesses and citizens unless amended.
The race to go green
ActivTrades
“WE cannot outrun your carbon emissions. We cannot outrun the hurricanes, which are becoming more powerful, and we cannot outrun our sea levels as our islands disappear.”
Dismissed BPL trio lose claim over $1.9m fraud
Three Bahamas Power & Light (BPL) staff accused of playing key roles in the $1.9m fraudulent invoices scam that rocked the state-owned utility have lost their wrongful/unfair dismissal claims.
DEREK SMITH: IT governance vital in data-driven world
Changing economic conditions, access to global markets, evolution of information technology and an increased demand for enhanced corporate governance are all contributing factors to the growth of the Board’s role in governance.
UB North to stage first business expo
UNIVERSITY of the Bahamas (UB) North, in partnership with the Small Business Development Centre (SBDC), will host its first business expo and symposium this week.
BREA president: Post Office lease ‘good deal’
The Bahamas Real Estate Association’s (BREA) president says moving the Post Office to the Town Centre Mall was the best option given the location and rental rate that was obtained.
End ‘double speak’ over oil exploration
Environmental activists yesterday urged the Prime Minister to eliminate “the double speak” and clarify whether or not his government will approve any form of oil exploration in Bahamian waters.
Tourism conference boost for Bahamas
The Bahamas this week has a chance to attract fresh investment and operators to its resort industry as it plays host to a leading tourism conference.
BTVI chief brands record donation ‘game changer’
The largest-ever donation received by the Bahamas Technical and Vocational Institute (BTVI) has been branded by its president as a “game changer” in narrowing this nation’s skills gap.
Bahamian cadets join Disney vessel
Two LJM Maritime Academy cadets have joined the Disney Dream cruise vessel for a year as part of their maritime certification efforts.
