Politicians everywhere love those state-controlled enterprises that are exempt from the rules applying to wholly owned state-enterprises. Why, you ask? It’s all about politicos being able to profit from your tax dollars while hiding the profits.
It’s been a constant battle trying to craft integrity laws because the moment a country puts them in place the politicians discover a hundred ways they are exempt.
In Barbados, of course, we don’t bother with Integrity Legislation because we’re happy that the politicians and government employees are able to steal. With about 60 % of the islands workforce somehow employed by the government it all works out. Well, everything works out except the mathematics of keeping the whole thing afloat.
Our old friend Afra Raymond has a problem with the Trinidad & Tobago Appeal Court ruling that undermines Integrity Legislation.
We only wish we had the same problem in Barbados. For in Barbados, we have no integrity or conflicts of interest laws at all!
Take it away, Afra…
Integrity threat from the Appeal Court
by Afra Raymond
On 27th June the Appeal Court ruled that –
- TSTT is not a State Enterprise. The members of its Board are not subject to the Integrity Provisions.
- It is only the members of the Boards of those Statutory Bodies which exercise public functions that are subject to the jurisdiction of the (Integrity) Commission.
Telecommunications Company of Trinidad & Tobago (TSTT) is a company established between the T&T State and the British-based multinational, Cable & Wireless. C&W holds 49% of the shares in TSTT, while the State holds about 42% of the shares together with the right to nominate 5 of its 9 Directors.
That unanimous ruling has serious consequences for the viability of our nation’s integrity framework.
The intended purpose of that framework is to ensure a satisfactory level of transparency and accountability in the way Public Money is transacted and Public Functions are discharged. There is still a strong case for this Integrity Framework as a necessary ingredient in the Good Governance of our nation. The Integrity Framework includes the Auditor General; the Integrity Commission; the Investments Division of the Ministry of Finance and the two Parliamentary Accounts Enterprises Committees. Ours is the most vibrant Caribbean economy and the State is clearly the largest player, so the proper management of that sector is critical. Given the continuing rise in the waste and theft of Public Money, there will always be a need for an improved, more effective Integrity Framework to oversee these huge, controversial operations…
…continue reading this article at AfraRaymond.com