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Audit Committee Performance Evaluation guideline (ACPE tool)
Kingston, Jamaica: Thursday, May 2, 2024
Today I met with over 50 stakeholders of the horse racing industry inclusive of jockeys, grooms, trainers, owners, breeders, veterinarians, horse care personnel, directors and management of Supreme Ventures Racing and Entertainment Limited Management, Commissioners from the Jamaica Racing Commission (“JRC”) among other stakeholders from the horse racing industry.
The meeting was very productive.
We agreed as follows:
1. The promoter and other industry stakeholders will make every effort to improve the punctuality of races. Delayed starts pose a health risk to jockeys. Delays also have the potential to adversely affect the health of horses.
2. Abandonment of races as a measure has the effect of collective punishment with unintended consequences. Jockeys, grooms, owners, trainers, punters, fans, the promoter and the GOJ are all impacted. The JRC will review the newly instituted Rule 44(3) which empowers stewards to abandon races and will suspend its application for the time being. In the interim, the JRC will develop a program of dissuasive fines that disincentives late starts with clear rules on the application of such fines.
3. Over the next 30 days, the respective parties will renegotiate the Deed among them that addresses the calculation of amounts allocated to purses and the distribution of such amounts.
4. On the signing of a renegotiated Deed, I will appoint a Task Force to review the horse racing industry and make recommendations for an acceleration of its development.
-end-
For further information contact:
Ministry of Finance and the Public Service
30 National Heroes Circle
Kingston 4
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The Hon. Nigel Clarke, D.Phil., MP
Minister of Finance and the Public Service
30 National Heroes Circle, Kingston 4
Tel: (876) 932-4656 / 4660 / 4655
Eml: opedjamaica@gmail.com
Finance Minister, Fayval Williams, notes comments in the public domain concerning the appointment of Mr. Dennis Chung as Chief Technical Director (CTD) of the Financial Investigations Division (FID) and a proposal that the Government inserts itself into the process by over-turning the recommendation of the Office of the Services Commission (OSC).
Finance Minister, Fayval Williams, notes comments in the public domain concerning the appointment of Mr. Dennis Chung as Chief Technical Director (CTD) of the Financial Investigations Division (FID) and a proposal that the Government inserts itself into the process by over-turning the recommendation of the Office of the Services Commission (OSC).
The Minister of Finance and the Public Service is pleased to announce the appointment of Mr. Dennis Chung as Chief Technical Director of the Financial Investigations Division (FID), effective June 2, 2025.
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