Board

Role of the Board

The Board of the Securities Commission of The Bahamas, which consists of the Members of the Commission, has the responsibility for the overall direction and governance of the organisation. The duties of the Board include overseeing the strategic focus and setting policy positions related to the Commission’s operation, as well as establishing rules and guidelines to govern investment funds, securities and the capital markets, and financial and corporate service providers.

Members

Members of the Securities Commission of The Bahamas.

Hon. Justice K. Neville Adderley (Retired)

Hon. Justice K. Neville Adderley (Retired)

Chairman
Mr. Peter T. Carey

Mr. Peter T. Carey

Deputy Chairman
Ms. Christina Rolle

Ms. Christina Rolle

Executive Director
Mr. Jerome Gomez

Mr. Jerome Gomez

Board Member
Mrs. Phaedra Mackey

Mrs. Phaedra Mackey

Board Member
Mr. Luther McDonald

Mr. Luther McDonald

Board Member
Mr. Michael Paton

Mr. Michael Paton

Board Member
Mr. Bede Derek Sands

Mr. Bede Derek Sands

Board Member

Board Committees

Committees are established to assist the Board in carrying out its role. Currently there are two Board established Committees. The Committees are as follows:

Human Resources Committee

This committee assists the Commission in establishing and reviewing remuneration, benefits and other policies relating to staff of the Commission. The committee also reviews and updates the staff manual; reviews and monitors staff turnover and other human resources statistics; and hears and considers grievance matters raised by employees in accordance with the Commission’s formal grievance procedure.

Chair: TBA

Audit

This committee advises and makes recommendations to the Commission on all matters relating to corporate governance including internal financial controls, internal and external audits and compliance with financial reporting requirements.

Chair: TBA

Disciplinary Proceedings

The Commission, as a part of its function to maintain the integrity of the capital markets, has the authority to conduct investigations and hearings. The Board is empowered by the Securities Industry Act, 2011 to establish a Hearing Panel to assist in this process as well as to make Rules as to how these proceedings will take place.