Corporate movements in Jamaica Stock Exchange-listed companies

Several changes have been made to the corporate level of companies listed on the Jamaica Stock Exchange (JSE) over the past two weeks.

The Jamaica Stock Exchange

Mayberry Investments Limited (MIL) announced that Dr David McBean resigned from its Board of Directors and Audit Committee, effective December 13, 2019.

Additionally, the company said McBean’s departure from the Audit Committee is unrelated to any disagreement “in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting on the Audit Committee or his ability to properly carry out the functions delegated by the Board.”

Dr David McBean resigned from the Board of Directors at Mayberry Investments Limited. (Photo: mona.uwi.edu)

McBean spot on the Committee was filled by Walter Scott also on December 13.

Additionally, CAC 2000 advised the JSE that Matthew Hogarth had resigned as a company director on December 17.

Ian McNaughton resigned from his roles at Barita and the Jamaica Stock Exchange on December 24. (Photo: barita.com)

Hogarth also resigned from his post on the Board of Directors at IronRock Insurance Company (ROC), it said revealed on the JSE today. His resignation is effective today, and was submitted so he could “devote more time to his legal firm”, the company said. What’s more, two directors were appointed to the company, ROC said. The two new additions are Raymond Therrien and Christian Tavares-Finson whose appointments take effect today. “Therrien will also serve as a member of the Audit, Corporate Governance and Nomination & Compensation committees.”

The Jamaica Stock Exchange (JSE) also said, Ian McNaughton, had resigned as chairman of its Board. Livingstone Morrison will act as the JSE’s Chairman effective December 24, 2019.

Barita General Manager Paula Barclay will take on the role of Managing Director.
(Photo: barita.com)

McNaughton also resigned as Managing Director and Company Secretary of the Barita Group effective the same date. He was replaced by Paula Barclay who served as General Manager in her previous role at Barita.