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Board of Directors

Board of Directors

The Central Bank Act provides for the appointment of a Board of Directors to manage the institution.  Members of the Board are appointed by the President and comprise the Governor, not more than two Deputy Governors and no fewer than six other directors, two of whom may be from the Public Service.  The two public service directors are to be drawn from the Ministry of Finance and from the Ministry (or appropriate Department of Government) responsible for economic planning.  The other directors are selected from among persons drawn from diverse occupations and qualified by reason of their experience and capacity in matters relating to finance, economics, accountancy, industry, commerce, law and administration.  The Board has specific statutory responsibilities in accordance with certain provisions of the Central Bank Act, Chap. 79:02 and other governing legislation.

The Governor is the Chief Executive Officer and is charged with the day-to-day management, administration, direction and control of the business of the Bank, with authority to act in all matters which are not specifically reserved for the Board.


The members of the Board of Directors are shown below:

Dr. Alvin Hilaire


Dr. Alvin Hilaire, Governor
and Chairman of the Board of Directors

December 23, 2020 to December 22, 2023
Mr. Lancelot Jack Dr. Surendra Arjooon Mr. Richard Duncan
Mr. Lancelot Jack
February 21, 2019 to February 20, 2022
Prof. Surendra Arjoon 
February 21, 2019 to February 20, 2022
Mr. Richard Duncan 
February 21, 2019 to February 20, 2022
Board Member Terrence Walker Board Member Lorraine Ferguson Board Member Kern Gardiner
Mr. Terrence Walker
February 21, 2019 to February 20, 2022
Ms. Lorraine Ferguson
February 21, 2019 to February 20, 2022
Mr. Kern Gardiner
February 21, 2019 to February 20, 2022
Suzette Taylor Lee Chee image of Dr. Dorian Noel  
Mrs. Suzette Taylor-Lee Chee
April 20, 2020 to April 19, 2023
Dr. Dorian Noel
December 22, 2020 to December 21, 2023


Board Committees

The Board has appointed three committees, the Audit Committee, the Human Resource Committee and the Information Technology Committee, each consisting of only non-Executive directors.  Each committee is governed by a Charter that sets out the roles, responsibilities and authorities of its members.

The Audit Committee is responsible for oversight of the Bank’s accounting and financial reporting processes, internal controls, internal and external audits, compliance and risk management.

The Human Resource Committee assists the Board in fulfilling its responsibilities for evaluating and approving the compensation policies and programmes of the Bank.

The Information Technology Committee is responsible for oversight of matters related to information technology and information security.


Internal Audit and Risk Management

The Bank has an established Operational Risk Framework and Programme which all Departments use to manage the risks and controls in their respective areas. The Internal Audit and Risk Departments monitor, assess and make recommendations about the control environments established by the various Departments to manage their risks.  The Internal Audit Department also has a reporting line to the Audit Committee of the Board.



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