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2025 ANNUAL REPORT

CONTENTS Vision & Mission Statements

THE SECRETARIAT

Who We Are

Notice of Annual General Meeting

The Executive Office

Officers’ Report

Marketing & Business Development

Crime Stop

Policy, Programmes & Research

Finance

LEADERSHIP

13-21

56-61

President’s Message

Operations

Executive Director’s Message

Human Resources & Administration

Members of the Council 2025

Management Team

PSOJ Officers

Executive Committee Members

HALL OF FAME

62-63

2025 PICTORIAL REVIEW

66-71

PSOJ MEMBERSHIP LISTING

72-75

MAJOR PROJECTS

24-32

Crime Stop

Project Star

COMMITTEE REPORTS

33-51

Corporate Governance

Economic Policy

Energy, Environment & Climate Change

Gender & Disabilities Affairs

Human Capital Development

Innovation & Digital Transformation

Membership

National Security & Justice

Sports & Entertainment Development

Association Members

Corporate Members

Individual Members

FINANCIAL STATEMENTS

76-109

Independent Auditor’s Report

Audited Financial Statements

Notes to the Financial Statements

VISION

To be the unifying voice of Jamaica’s private sector, empowering businesses and communities to thrive.

he Private Sector Organisation of Jamaica (PSOJ) was established in 1976. It is a national organisation of private sector associations,

companies and individuals working together to promote a competitive and productive private sector. The organisation seeks to influence national policy issues of a political, social, or economic nature. The Executive Committee, under guidance from the Council, leads this

MISSION

To champion policies and partnerships that enable Jamaican businesses to scale and compete at home and abroad.

The Private Sector Organisation of Jamaica | 4 | 2025 Annual Report |

process by promoting discussions with the country’s Government, political directorate and the Opposition. The Organisation is also in close and constant contact with the major multi-lateral and bi-lateral agencies. One of the primary mandates of the PSOJ is advocacy and continues to provide meaningful representation on behalf of the private sector, to ensure that its presence and strong voice are always maintained.

The Private Sector Organisation of Jamaica | 5 | 2025 Annual Report |

Notice of the Annual General Meeting NOTICE IS HEREBY GIVEN: That the 38th Annual General Meeting of the Members of The Private Sector Organisation of Jamaica (PSOJ) will be held at the “Talk of the Town Suite”, The Jamaica Pegasus Hotel on Tuesday, September 15, 2026, commencing at 9:00 a.m., for the purposes of considering, and if thought fit, passing the following resolutions, namely: 1. To receive the Audited Accounts for the year ended 31 December 2025 and the reports of the Directors and Auditors circulated herewith. To consider and (if thought fit) pass the following resolution: Resolution No. 1 “THAT the Audited Accounts for the year ended 31 December 2025 and the reports of the Directors and Auditors circulated with the Notice convening the meeting be and are hereby adopted.” 2. To Re-appoint and authorize an Auditor for the Ensuing Year Resolution 2 “THAT Star Dot Star Ltd/Ventry Foo Chartered Accountant having agreed to continue in office as Auditors, be and are hereby reappointed Auditors for the Company to hold office until the conclusion of the next Annual General Meeting at a remuneration to be fixed by the Executive Committee.” 3. To Elect Members of the Council 4. Special Presentation BY ORDER OF THE COUNCIL

Camille Facey Mrs. Camille Facey, CD Honourary Secretary

July 31, 2026 39 Hope Road, Kingston 10

The Private Sector Organisation of Jamaica | 6 | 2025 Annual Report | Notice of AGM

IMPORTANT NOTICES FOR MEMBERS Members who shall be an organisation or a group of two or more individuals, companies, firms, establishments or bodies shall at least seventy-two hours before the commencement of the Annual General Meeting, that is, by 9:00 a.m. on Thursday, September 10, 2026, give to the Honourary Secretary or other person acting on her behalf for this purpose written notice of the name and address of one person who shall have been nominated to attend the meeting on the member’s behalf, and such person shall have the voting rights and any other rights and privileges of the member he represents. Any person entitled to attend a meeting of the Organisation may attend such meeting and vote thereat, whether on a show of hands or by poll, by proxy. A proxy need not be a Member, and a form of proxy is enclosed with this Notice for your convenience. This form should be completed and deposited with the Honourary Secretary at 39 Hope Road, Kingston 10, not less than 48 hours before the meeting. The proxy form should bear stamp duty of $100.00 before being signed. The stamp duty may be paid by adhesive stamps and cancelled by the person signing the proxy. A Member who is in arrears with his subscription shall not be entitled to vote at any general meeting of the Organisation. Members are reminded of the following provisions of Article III, Clause 2: “Candidates for election to the Council shall be nominated by a Member in good standing and seconded by another Member in good standing. A nominated candidate must be a member in good standing or must represent an association, company, firm or other non-individual Member in good standing. Nominations duly signed by the proposer and the seconder shall be delivered to the Honourary Secretary of the Organisation at least fourteen (14) days before the date of the meeting. Nominations will not be permitted from the floor.” Accordingly, nominations for Members of Council must be delivered to the Honourary Secretary of the Organisation by 9:00 a.m. Monday, August 31, 2026.

List of Members Serving a Second Year on Council Corporations: 1. Appliance Traders Limited (ATL) 2. Digicel Jamaica 3. Sterling Asset Management 4. Caribbean Cement Company Limited (CEMEX) 5. Kingston Wharves Limited Associations 1. Institute of Chartered Accountants of Jamaica (ICAJ) 2. Jamaica Developers Association (JDA) 3. MSME Alliance 4. Medical Association of Jamaica (MAJ) 5. Incorporated Master Builders Association of Jamaica (IMAJ) Individuals: 1. Mr. Howard Mitchell 2. Mrs. Mariame McIntosh Robinson 3. Hon. Patrick Hylton Overseas Nil

The Private Sector Organisation of Jamaica | 7 | 2025 Annual Report | Notice of AGM

Officers’ Report The Officers are pleased to present their report for the year ended 31 December 2025 and submit herewith the Income Statement and Statement of Financial Position for the Private Sector Organisation of Jamaica (PSOJ) as at that date.

7. GraceKennedy Group Limited 8. ICD Group 9. Island Grill t/a Chicken Mistress 10. Jakes Hotel and Spa 11. Jamaica Fibreglass Products Ltd. (JFP)

$’000

i. Membership Category: Organisations and Associations - Article 1, Clause 3 (a)¹ (total of 15):

Revenues

222, 927

1. Global Services Association of Jamaica (GSAJ)

Profit before Taxation

22, 756

2. Human Resources Management Association of Jamaica (HRMAJ)

Net Profit After Tax

18, 607

3. Insurance Association of Jamaica (IAJ)

Operating Results

4. Jamaica Bankers Association (JBA) 5. Jamaica Employers’ Federation (JEF)

Directors

6. Jamaica Hotel and Tourist Association (JHTA)

The Directors as at 31 December, 2025 were as follows: • Metry Seaga – Chairman • Sacha Vaccianna Riley – Executive Director • Vikram Dhiman – Honourary Treasurer • Camille Facey – Honourary Secretary • Brian Jardim • Dr Parris A. R. Lyew-Ayee Jr. • Gail Moss-Solomon • Hugh Grant

7. Jamaica Manufacturers and Exporters Association (JMEA) 8. Jamaica Securities Dealers Association (JSDA) 9. Realtors Association of Jamaica (RAJ)

12. Jamaica Pegasus Hotel 13. Jamaica Producers Group 14. Jamaica Public Service Company Limited (JPS) 15. Jamaica Money Market Brokers Limited (JMMB) 16. JN Group (JN)

iv. Membership Category: Associate Overseas Member – Article 1, Clause 3 (d)⁴ (total of 1) 1. Deloitte Advisory

Auditors Star Dot Star Consulting Limited, the present Auditors, have signified their willingness to continue in office pursuant to section 154 of the Companies Act, 2024.

17. Musson Group 18. National Commercial Bank Jamaica Limited (NCB) 19. Pan Jamaica Group Limited 20. Rainforest Seafoods Limited 21. Red Stripe 22.RJR Gleaner Communications Group 23. Sagicor Group Jamaica 24.VM Group 25.WISYNCO Group Limited

The Officers wish to express their appreciation to the management and staff for their achievements during the year.

Patrick Hylton Hon. Patrick Hylton OJ, CD Chairman

10. Shipping Association of Jamaica (SAJ)

ii. Individuals - Article 1, Clause 3 (b)² (total of 5) 1. Mr. Charles Ross 2. Mr. Mike Fennell

Membership In accordance with Article III, Clauses 5 and 6 of the Organisation’s Articles of Incorporation, the following members of the Council (being (i) one-half of the members of the Council in each of the 4 categories of membership of the Organisation as indicated, and (ii) being the members in each such category who have been longest in office since their last election) retire by rotation and being eligible, offer themselves for re-election.

iii. Membership Category: Companies – Article 1, Clause 3(c)³ (total of 30) 1. The Bank of Nova Scotia Jamaica Limited (BNS) 2. CB Group (CB) 3. CARIMED Group 4. Citi Group 5. Continental Baking Company Limited 6. Flow Jamaica

The Private Sector Organisation of Jamaica | 8 | 2025 Annual Report | Directors' Report

1 “Organisations, associations, groups or bodies whether national, regional or parish representative of any service, field or interests within the Private Sector or any part thereof. This category shall not include companies or firms primarily doing business or trading, nor shall this category include organisations, associations, groups and bodies which in the opinion of the Committee are not effectively representative of their particular field at an essentially national, regional or parish level…”. 2 “Individuals, whether male or female, who shall have attained the age of 18 years as at the date of application for membership and who are resident in Jamaica and who are by principal occupation members of the Private Sector, provided, however, that no person is eligible for individual membership who is a sole proprietor, controlling partner or

controlling shareholder of a business, firm, company or other enterprise conducted for profit, unless such enterprise is also a Member.” [of the Organisation] 3 “Companies, firms, partnerships, bodies or other groups, part of the Private Sector not falling within category (a) above, whose registered or main office is in Jamaica or (if abroad) who have an office and a substantial operation in Jamaica”. 4 “Associate Overseas members being persons, companies, firms, partnerships, associations, organisations or other groups, not resident in Jamaica, part of the Private Sector of their respective country, whose applications are approved by the Committee in its discretion.”

The Private Sector Organisation of Jamaica | 9 | 2025 Annual Report | Directors' Report

January - March 2025: The first quarter saw stability, but with underlying strain.

Macroeconomic Tightrope: Limited fiscal space, minimal government stimulus, businesses driving growth independently.

The Private Sector Organisation of Jamaica | 10 | 2025 Annual Report | Directors' Report

Interest Rate & Financing Pressure: Borrowing costs remained relatively high; MSMEs faced limited access to affordable capital.

Consumer Demand Constraints: Soft demand due to slow recovery in real incomes, tight margins for businesses.

The Private Sector Organisation of Jamaica | 11 | 2025 Annual Report | Directors' Report

President’s Message Metry Seaga, CD

President, The Private Sector Organisation of Jamaica

f there is one thing 2025 reminded us of, it is that Jamaica cannot afford complacency. We have made real progress as a country. Over the last several years, Jamaica has built a level of economic stability that many once thought impossible. Inflation has been more controlled, debt levels have improved significantly, unemployment has remained at record low levels and investor confidence has largely held firm despite a very uncertain global environment. That matters. But the truth is stability alone is not enough. Jamaicans cannot live on stability. Businesses cannot grow on stability alone. Young people cannot build their future on stability by itself. At some point, stability must translate into stronger growth, more opportunities, greater productivity and a better quality of life for ordinary people. That is where Jamaica now finds itself. As I reflect on my final year serving as President of The PSOJ, I do so with a sense of pride, but also with a sense of realism about the work still ahead of us. The private sector has remained resilient through difficult conditions, but resilience is becoming too normal for us. We cannot continue operating in survival mode while expecting transformational growth.

Metry Seaga, CD President

The Private Sector Organisation of Jamaica | 12 | 2025 Annual Report

The Private Sector Organisation of Jamaica | 13 | 2025 Annual Report | President's Message

The global environment throughout 2025 remained extremely challenging. Geopolitical tensions, supply chain disruptions, rising costs, climate-related threats and economic uncertainty continued to affect countries across the world, especially small economies like ours. The global environment throughout 2025 remained extremely challenging. Geopolitical tensions, supply chain disruptions, rising costs, climate-related threats and economic uncertainty continued to affect countries across the world, especially small economies like ours. Then came Hurricane Melissa, which once again reminded us how vulnerable Jamaica remains to climate shocks and natural disasters. Yet even in the middle of all this, Jamaica continued to hold its footing. That is important because years ago we would not have been having this conversation from a position of relative stability. We would have been talking about economic crisis management. So, we must acknowledge the progress made. But we must also be honest enough to admit that many Jamaicans still do not feel the benefits of that progress in their daily lives.

ganisations and ordinary citizens responding swiftly and generously to the call for assistance. Beyond the financial contribution, the response reflected something even more enduring: the willingness of Jamaicans to unite in the face of adversity, leveraging our collective resources, expertise and compassion to support those most in need. It was a powerful reminder that while crises test us, they also reveal the resilience, solidarity and shared sense of purpose that continue to define our nation. As an organisation, 2025 was also a reflective year for The PSOJ as we prepare to celebrate our 50th anniversary in 2026. That milestone forces us to think not only about how far we have come, but also about the kind of country and economy we want to help build over the next 50 years. One of the most meaningful moments of the year was the induction of the late Honourable Don Wehby, OJ, CD, into The PSOJ Hall of Fame. Don represented a style of leadership that Jamaica needs more of, competent, strategic, grounded and deeply committed to national development. His legacy is a reminder that leadership is ultimately about service and impact. As I conclude my tenure as President, I remain hopeful about Jamaica’s future because I still believe this country has tremendous potential. But potential means very little without action.

Too many businesses are still struggling to grow. Too many entrepreneurs are spending more time fighting bureaucracy than building companies. Too many productive people and businesses are being slowed down by inefficiency, outdated systems and unnecessary delays.

Jamaica now needs bold reform, stronger execution, higher productivity and a collective willingness to confront difficult issues honestly. We cannot continue moving at a pace that leaves opportunities on the table while the rest of the world moves ahead.

That is why The PSOJ continued to push strongly throughout 2025 for reforms that improve productivity, reduce red tape and create a more business-friendly environment.

I want to sincerely thank the members of The PSOJ, the Officer Corps, the Board, our committees, partners and Secretariat for their support throughout this journey. I also want to thank the Jamaican business community for continuing to invest, create jobs and believe in this country even during difficult periods.

One of the biggest issues we continue to face is access to financing, especially for MSMEs. Everybody says small businesses are the backbone of the economy, and they are, but many entrepreneurs still cannot get the support they need to expand. Far too many businesses with potential remain stuck because financing structures are still too rigid and too disconnected from the realities of modern business. One of the defining moments of the year, and indeed of my tenure as President, was the response to Hurricane Melissa. As communities across western Jamaica faced widespread devastation, the Jamaican private sector demonstrated the very best of its character. Through the Joint Private Sector Resilience Grant, more than J$20 million was secured to support relief and recovery efforts, with companies, or-

The work is far from finished, but Jamaica has the capacity to do far more than simply survive challenges. We have the capacity to grow, compete and lead.

Executive Director’s Message Sacha Vaccianna-Riley

Executive Director, The Private Sector Organisation of Jamaica

he year 2025 was one of resilience, engagement and purposeful execution for The PSOJ Secretariat. Against a backdrop of economic uncertainty, geopolitical tensions, climate-related disruptions and increasing demands on the private sector, the Secretariat remained focused on advancing the interests of our members while contributing meaningfully to Jamaica’s national development agenda. Throughout the year, The PSOJ strengthened its role not only as an advocate for business, but also as a convener, connector and catalyst for action. We facilitated critical dialogue among government, private sector stakeholders, development partners and regional leaders on issues central to Jamaica’s competitiveness, productivity and long-term resilience. A major area of focus during the year was policy advocacy and economic reform. Through our committees, technical working groups and stakeholder engagements, The PSOJ remained actively involved in discussions surrounding tax administration, labour reform, trade facilitation, digital transformation, energy resilience, corporate governance, climate policy and MSME development. We continued to advocate for a more efficient, productive and enabling business environment that supports investment, innovation and growth.

Metry Seaga President, The Private Sector Organisation of Jamaica

The Private Sector Organisation of Jamaica | 14 | 2025 Annual Report | President's Message

The Private Sector Organisation of Jamaica | 15 | 2025 Annual Report | Executive Director's Message

torship and Masterclass Series evolved into a strong platform for networking, leadership development, productivity enhancement and AI awareness. Across six sessions, more than 300 participants benefited from practical training and professional development, with sessions such as ‘Crush It or Get Crushed: The AI Wake-Up Call,’ ‘Marketing Magic,’ and ‘Upping Your Professional Game’ equipping members with practical skills to improve competitiveness. Membership growth and retention also remained a major focus for the Secretariat in 2025. Of the Organisation’s 402 members in 2025, 336 remained active, reflecting a member retention rate of approximately 84%. This is a testament to the continued value members place on the organisation’s advocacy, engagement and support initiatives. Organisational strengthening

Regional engagement also remained a key priority. During the year, The PSOJ hosted and participated in several major forums and strategic engagements that brought together local, regional and international leaders to address issues impacting the future of business and economic development. Among the most significant was The PSOJ/CPSO Business Breakfast Forum held alongside the CARICOM Heads of Government Meeting in Montego Bay, where regional leaders discussed trade reform, removal of non-tariff barriers, logistics and strengthening the CARICOM Single Market and Economy (CSME). These engagements reinforced The PSOJ’s commitment to regional integration and positioning Jamaican businesses to compete more effectively across the Caribbean and beyond. Engaging entrepreneurs The PSOJ also continued to drive critical conversations around access to finance and entrepreneurship through the EmpowerJA Forum Series in partnership with the Inter-American Development Bank (IDB). During 2025, we convened two forums, engaging more than 220 entrepreneurs, financiers, policymakers and development partners. These discussions explored solutions to Jamaica’s MSME financing gap while highlighting innovative financing models including venture capital, angel investment and blended

finance, further strengthening collaboration across the public and private sectors. Digital Transformation and AI Recognising the rapidly evolving global business environment, The PSOJ intensified its focus on digital transformation and artificial intelligence. Through policy advocacy, public commentary and member education initiatives, we encouraged businesses and institutions to prepare for the economic and workforce implications of emerging technologies while ensuring Jamaica remains competitive within the global digital economy. Workforce development and human capital strengthening also remained important priorities. In partnership with the Jamaica Defence Force and HEART/NSTA Trust, The PSOJ helped launch a national skills training and workforce development initiative. During the year, 48 young Jamaicans received training, while 13 PSOJ member companies participated by offering internship and work placement opportunities to 36 of the trained interns. Member engagement initiatives The Secretariat also significantly expanded member engagement initiatives throughout the year. The PSOJ Men-

The Private Sector Organisation of Jamaica | 16 | 2025 Annual Report | Executive Director's Message

Internally, 2025 was also a year of organisational strengthening and team development. Efforts continued to improve operational systems, strengthen communications, enhance cross-functional collaboration and increase The PSOJ’s responsiveness to members and stakeholders. The Secretariat also prioritised staff engagement and capacity building, recognising that a strong institution is built on empowered people working together toward a common purpose. The Secretariat also made significant progress on the PSOJ Sustainability Building Project during 2025, advancing the initiative further than at any point since it was first conceptualised. During the year, planning moved into full implementation, architectural drawings were completed, and the Organisation made its formal submission to KSAMC for building approval. As a result of the work undertaken throughout 2025, what was once a long-term vision is now well on its way to becoming a reality.

relief missions delivering food supplies and non-perishable provisions, clothing and personal apparel, temporary shelter materials, gas stoves and cooking cylinders, personal care and hygiene items and other essential items. Through the support of our members and Hurricane Heroes volunteers, The PSOJ also amplified business recovery advocacy and helped address operational challenges affecting the productive sector. Outstanding contribution The year was also marked by one of The PSOJ’s most important traditions, The PSOJ Hall of Fame. In 2025, the organisation proudly inducted the late Honourable Don Wehby OJ, CD, in recognition of his outstanding contribution to business leadership, national development and public service. His induction served as a powerful reminder of the values of vision, integrity, excellence and service that continue to define transformational leadership in Jamaica. As we reflect on the year, we do so with gratitude for the dedication of the Secretariat team, the leadership of The PSOJ Officer Corps and Board of Directors, the commitment of our committees and the continued support of our members and partners. The achievements of 2025 are a reflection of collective effort, shared purpose and a common belief in Jamaica’s potential. The challenges ahead remain significant, but so too are the opportunities before us. The PSOJ remains committed to serving as a strong, credible and solutions-oriented voice for business and national development, one that not only advocates for change, but actively works to help shape it. Together, we continue moving from advocacy to action.

Hurricane Melissa One of the defining moments of the year was the response to Hurricane Melissa and its devastating impact on western Jamaica. The PSOJ Secretariat led the coordination of the Private Sector Emergency Operations Centre, convening government agencies, private sector partners and civil society organisations to coordinate relief efforts and business recovery. Working alongside the Global Empowerment Mission (GEM), Ministry of National Security and Pease, CVSS and numerous corporate partners, the Secretariat helped mobilise approximately J$20 million in cash donations plus relief support, coordinated assistance to four communities across three parishes, and organised multiple

Sacha Vaccianna-Riley Executive Director,

The Private Sector Organisation of Jamaica

The Private Sector Organisation of Jamaica | 17 | 2025 Annual Report | Executive Director's Message

2025 Council Members

Mr. Kevin O’Brian Chang

Fontana Pharmacy Limited

Mr. Glen Christian

CARI-MED LTD.

Mr. Metry Seaga

President

Mr. Daaf Van Tilburg

Red Stripe

Mr. Brian Jardim

Vice President

Mr. Keith Duncan

JMMB

Mrs. Marian Ross - Ammar

Vice President

Mr. Jeffrey Hall

PanJam Investment Limited

Mr. Hugh Grant

Vice President

Ms. Kate Hendrickson

Courtleigh Hotel

Mrs. Gail Moss Solomon

Vice President

Mr. Gary “Butch” Hendrickson

Continental Baking Company Ltd.

Dr. Parris Lyew-Ayee

Vice President

Mr. Jason Henzel

Jakes, Hotels Villas & Suites

Mrs. Camille Facey

Honourary Secretary

Mr. Anthony Smith

RJR Group of Companies

Mr. Vikram Dhiman

Honourary Treasurer

Mr. Earl Jarrett

JN Group

Mrs. Sacha Vaccianna - Riley

Executive Director

Mr. Christopher Levy

Jamaica Broilers Group Ltd.

Mrs. Audrey Tugwell-Henry

Jamaica Bankers Association

Mrs. Eva Lewis

Citi Group

Mr. Paul B. Scott

Mussons Group Ltd.

Mrs. Thalia Lyn

Chicken Mistress Limited T/A Island Grill

Mr. Wayne Chen

Jamaica Employers Federation

Mrs. Nicola Madden-Greig

Jamaica Pegasus Hotel

Mrs. Antoinette Hamilton

President, MSME Alliance

Mr. William Mahfood

WISYNCO Group Ltd.

Mr. Ramon Small Ferguson

Jamaica Securities Dealers Association

Mr. Joseph Matalon

ICD Group

Mrs. Corah Ann Robertson-Sylvester

Seaboard Freight and Shipping Jamaica Ltd

Ms. Lisa McGregor Johnson

Jamaica Producers Group Ltd.

Mrs. Kathryn Silvera

Jamaica Manufacturer and Exporters Assoc.

Mr. Richard Pandohie

Seprod Group of Companies

Mr. Errol Edwards

Jamaica Gasoline Retailers Association

Mr. Stephen Price

Flow Jamaica (and C & W Business)

Mrs. Gabriel Gilpin-Hudson

Realtors Association of Jamaica

Mr. Christopher Zacca

Sagicor Group

Ms. Antoinette Hamilton

The MSME Alliance

Mrs. Rosemarie Heaven

Institute of Chartered Accountants of Jamaica

Mrs. Cassida Jones-Johnson

Human Resource Management Association

Mr. Dayton Wood

Jamaica Developers Association

Mr. Charles Ross

Mr. Sydney Thwaites

JHTA

Mr. Mike Fennell

Mr. Richard Mullings

Incorporated Masterbuilders Association Ja.

Mr. Andrew Manning

Medical Associates of Jamaica

Mr. Orville Johnson

Insurance Association of Jamaica

Mr. Bruce Bowen

National Commercial Bank

Mr. Courtney Campbell

Victoria Mutual Building Society

The Private Sector Organisation of Jamaica | 18 | 2025 Annual Report | Council Members

Individual Members

Overseas Associate 51

Mr. Stephen Kuzyk

Deloitte Advisory

The Private Sector Organisation of Jamaica | 19 | 2025 Annual Report | Council Members

PSOJ OFFICERS

EXECUTIVE COMMITTEE

Mr. Metry Seaga

Mr. Brian Jardim

Mrs. Marian Ross-Ammar

Mrs. Audrey Tugwell-Henry

Mr. Christopher Jarrett

Mr. Wayne Chen

President

Vice President

Jamaica Bankers Association

PAMAS Limited and LEAP

Jamaica Employers Federation

Mr. Hugh Grant

Mrs. Gail Moss Solomon

Dr. Parris Lyew-Ayee

Mrs. Antoinette Hamilton

Mr. Ramon Small Ferguson

Vice President

MSME Alliance

Jamaica Securities Dealers Assoc.

Mrs. Corah Ann Robertson-Sylvester

Mrs. Camille Facey, CD

Mr. Vikram Dhiman

Mrs. Sacha Vaccianna-Riley

Mrs. Kathryn Silvera

Honourary Secretary

Honourary Treasurer

Executive Director

Jamaica Manufacturer and Exporters Assoc.

The Private Sector Organisation of Jamaica | 20 | 2025 Annual Report | Officers & Executive Committee

Seaboard Freight and Shipping Jamaica Ltd

The Private Sector Organisation of Jamaica | 21 | 2025 Annual Report | Officers & Executive Committee

Global Trade & Supply Chain Pressure: US–China tensions increased uncertainty in shipping costs and supply chains.

Cost of Doing Business: Continued pressure from energy, logistics, and imported inflation.

Crime & Security Burden: Increased security costs and operational risks for businesses.

April – June 2025: External shocks from around the world begin to bite Jamaica’s economy.

The Private Sector Organisation of Jamaica | 22 | 2025 Annual Report |

The Private Sector Organisation of Jamaica | 23 | 2025 Annual Report |

MAJOR PROJECTS

Crime Stop

Projects To further create meaningful opportunities that support crime reduction, our charity continued its partnership with the MultiCare Youth Foundation under the European Union’s BRIDGE (Building through Reintegration, Intervention, Development, Growth and Education) Project. This 3-year project came to an end in December 2025 where we delivered training to at-risk youth, aged between 15 and 24 years, in cinematography culminating with the task of capturing content illustrating ills and hopes of their communities. Another component was the installation of a mural in each targeted community.

rime Stop Jamaica recorded a 7% decline in intelligence received in 2025, comparative to 2024: closing the year with 809 tips. Despite the decline, however, the organisation recording an exponential increase in successes achieved. Our 2025 achievements are further demonstration that Crime Stop Jamaica had a direct impact on record breaking reduction in major crimes recorded over the past year. With a 36% increase in successes garnered, the organisation successfully achieved its mission in assisting in crime mitigation throughout the island. We continue to break down barriers by offering a trusted, secure, confidential alternative for people to share information anonymously on criminal activities with no risk of being compromised. The information received and passed on to law enforcement ensures that lives are saved, criminals are stopped, and victims and their families receive justice.

Youth Enrollment and Training Expected Outcome: 50 youth – 10 from each targeted community – enrolled and completed the 4-day course in Cinematography, facilitated by The LAB agency.

Sandra A.C. Glasgow Crime Stop Committee Chairperson

Actual Outcome: 52 youth were enrolled in the Cinematography training, encompassing four (4) days, delivered between July 2024 and July 2025. Youth engaged exceeded the target by 4%:

• 9 youth from Whitfield Town, Kingston and St. Andrew • 12 youth from Trench Town, Kingston and St. Andrew • 13 youth from Salt Spring, St. James • 9 youth from Effortville, Clarendon • 9 youth from Russia, Westmoreland Youth were also engaged in mural design focus group sessions and mural installation in the targeted communities. Training sessions covered photography and video production basics, script writing, with a focus on storytelling for social change and editing. Participants collaborated with professional producers, script writers, photographers, cinematographers to produce creative positive change and advocacy campaigns through images and videos.

Community Murals Expected Outcome: Installation of 5 murals in the targeted communities of Whitfield Town, and Trench Town in Kingston and St. Andrew; Effortville in Clarendon; Russia in Westmoreland and Salt Spring in St. James. Actual Outcome: 5 murals installed, representing a 100% reach of the target. Murals were installed at the following locations: • Haile Selassie High School, 18-24 Payne Avenue, Whitfield Town, Kingston • Charlie Smith High School, 9th Street, Trench Town, Kingston 12 • Rio Minho Bridge, Pennants Main Road, Clarendon • Irwin High School, Irwin, Montego Bay, St. James • 51 ½ Hudson Street, Savanna la Mar, Westmoreland The murals were developed collaboratively, incorporating youth ideas and local artists expertise. Locations were strategically chosen in high-visibility areas to maximize community impact. Feedback from community members highlighted the murals as inspiring symbols of hope and unity.

The Private Sector Organisation of Jamaica | 24 | 2025 Annual Report | Major Projects

The Private Sector Organisation of Jamaica | 25 | 2025 Annual Report | Major Projects

Jamaica Constabulary Force’s Transformation 2.0 Exposition Crime Stop Jamaica participated in the second staging of the Jamaica Constabulary Force (JCF) Transformation Exposition, held from June 19 to 22, 2025, at the National Arena. The organisation’s booth was very well received by patrons, reflecting strong public interest and engagement. Visitors were greeted with a ‘Hide my ID’ photobooth and Solve the Mystery game. Branded items and infographics were shared with hundreds of citizens who stopped by our booth during the 4-day event. Overall, the Exposition was widely regarded as a successful public engagement and strategic communications initiative, highlighting innovation, enhancing public understanding of modern policing efforts, and reinforcing the JCF’s evolving reputation both locally and regionally. Importantly, the event also provided Crime Stop Jamaica with a valuable platform to effectively showcase and discuss its significant contributions and successes in crime mitigation.

The Private Sector Organisation of Jamaica | 26 | 2025 Annual Report | Major Projects

36th Anniversary Gala Crime Stop marked its 36th Anniversary with a Gala held on Sunday, October 5, 2025, at The Jamaica Pegasus Hotel. The event brought together distinguished leaders from government, law enforcement, the private sector, civil society, and international partners under the theme “United Against Crime and Corruption: 36 Years of Building Trust and Community.” The keynote address was delivered by His Excellency Mark Berman, Canadian High Commissioner to Jamaica. The Gala provided an opportunity for the organisation to highlight its longstanding achievements in crime mitigation, while also formally recognising and honouring long-standing sponsors, partners, and Directors for their invaluable support and contribution over the years.

The Private Sector Organisation of Jamaica | 27 | 2025 Annual Report | Major Projects

2025 Achievements Crime Stop received 809 tips in 2025. As a result, the organisation assisted in the seizure of 57 illegal firearms, - representing an 8% increase compared to the previous year – 630 rounds of ammunition and 1,552 sticks of dynamite. Additionally, the organisation closed the year with 76 arrests, representing a staggering 38% increase to the number of arrests made in 2024. There was an overall 36% increase in the successes achieved by Crime Stop, compared to the previous year. Among the leading categories of tips received, illegal firearms, gunmen, lottery scamming, wanted persons, and drugs were among those that recorded high numbers in 2025. For instance, 263 pieces of intelligence were received regarding illegal firearm, whereas 137 tips were received regarding the whereabouts of gunmen. Not-

withstanding, 78 tips were received regarding the whereabouts of wanted persons and 92 pieces of intelligence surrounding scammers, and their illegitimate activities were received through our tip lines. The total value of the property recovered during 2025 totalled $7,087,488, whereas $36,44,792 worth of drugs were seized/destroyed. These successes led to a total payout of $10.2M in rewards, representing a 38% increase in payouts compared to the previous year. The value further broke our 2023 record of the most rewards paid in a single year since our inception. Rewards paid in the year under review were to only 6% of our tipsters, indicating that, despite the increase in our successes, citizens were motivated by civic duty and not incentivized by reward offers.

Funding In 2025, our work relied on the critical support of the media, donors, partnerships, law enforcement and the community. By sharing our values, they help promote our charity’s public profile to new audiences who can benefit from our services. We thank our Corporate Sponsors who contributed tremendously to our success over the past year. They are National Baking Foundation, J. Wray & Nephew Limited, National Commercial Bank, Sterling Asset Management Limited, GraceKennedy Limited, Proven Wealth, Sandals Foundation and the Scotiabank.

Project Star

When Communities Lead, Jamaica Moves Forward

ommunity-led development is the foundation on which Project STAR was built, and 2025 was the year that foundation proved its strength most clearly. Across Rose Gardens, Parade Gardens, May Pen West, Savanna-la-Mar and Salt Spring, the most meaningful measure of progress was not what was delivered to communities, but what communities themselves were driving; with growing confidence, increasing ownership and a deepening sense of what is possible when people are genuinely invested in and trusted to lead. That evidence of self-determination on the part of the communities, progressively accumulated over four years of sustained partnership, characterised this year’s work more than any single achievement.

Partnerships have been established with companies and organisations for which Crime Stop Jamaica agrees to take information on criminal activities associated with the entity and to pay out rewards funded by the entity in exchange for an administrative fee. For the year under review, Crime Stop Jamaica had two such partnerships: Betting, Gaming and Lotteries Commission (BGLC) and Major Organised and Anti-Corruption Agency (MOCA).

The Commission – BGLC – extended their collaboration with Crime Stop, having first established the partnership in 2016. The partnership includes Crime Stop Jamaica receiving anonymous information on illegal gambling activities and pay rewards for successful information on BGLC’s behalf. Notwithstanding, MOCA trusted Crime Stop with the valuable task of manning their tip line – 888-MOCA-TIP – on their behalf. This partnership came into effect in January 2023 and has been active since.

The Private Sector Organisation of Jamaica | 28 | 2025 Annual Report | Major Projects

Saffrey Brown

Project Director, Project STAR

The Private Sector Organisation of Jamaica | 29 | 2025 Annual Report | Major Projects

7,500+ STAR facilitated 7,500+ resident engagements in 2025

534

534 Residents placed in formal employment since the programme’s inception.

323

323 Formal job placements secured across 2025, reflecting continued growth in employer partnerships across multiple industries.

200+

200+ Residents supported through entrepreneurship, agricultural development, and business readiness programmes.

217

217 Residents received civil documentation – birth certificates, TRN cards, and National ID cards – enabling access to employment and social protection.

408 Young people engaged in sports and leadership programmes across all five communities.

receiving a birth certificate or a national ID opened a door that had been closed for years: whether that be to employment, to schooling or to social protection. Through private sector partnerships spanning academic support, schoolbased programming, and student nutrition, STAR and our partners held to a single, integrated understanding: a child’s ability to grow academically is inseparable from whether they feel safe, fed, and seen. The same integration shaped the economic development work, where residents moved into formal employment across manufacturing, hospitality, customer service and financial services through job fairs and employer partnerships built across multiple industries, while entrepreneurship training programmes reached small business owners and farmers across all five communities. Underpinning all of it was the advancement of community governance. Community Transformation Boards, guided by plans developed through extensive resident consultation, were leading their

Now in our fourth year, Project STAR continues as a private sector-led community transformation initiative, spearheaded by the Private Sector Organisation of Jamaica in partnership with the Jamaica Constabulary Force, and driven by community leaders and residents. Across Kingston, Clarendon, St James and Westmoreland, the work is carried forward together by residents, government agencies, private sector partners, NGOs, faith communities and multilateral organisations, in pursuit of communities where everyone has the opportunity to thrive. That spirit of partnership was most visibly expressed through the Community Hubs that brought health screenings, civil registration and social services directly into neighbourhoods, making it possible for families to access what they could not otherwise reach. For many residents, The Private Sector Organisation of Jamaica | 30 | 2025 Annual Report | Major Projects

408

The Private Sector Organisation of Jamaica | 31 | 2025 Annual Report | Major Projects

8,372

8,372 Individuals reached through Hurricane Melissa emergency relief across 22 communities.

Five Community Transformation Action Plans validated and in active implementation across all STAR communities

own planning processes with increasing confidence and independence, a sign that the structures built to support communities are becoming structures communities are making their own. When Hurricane Melissa struck western Jamaica in October, everything built over four years was called upon at once. Long-standing community relationships meant that needs assessments could begin within 72 hours of landfall. Within four weeks, a relief operation backed by private sector partners, most of whom are PSOJ members, and multilateral agencies had reached thousands of individuals across communities well beyond STAR’s five core areas. Food, water, hygiene supplies and building materials reached families whose homes had been destroyed and through the Cash-for-Work and Cash-for-Care programme delivered in partnership with UNDP, recovery was something communities were being resourced to lead themselves.

COMMITTEE REPORTS

The progress of 2025, in every hub and classroom, every training cohort and governance meeting, every relief effort and restored community space, was made by people who believe that transformation is possible and are willing to do the work to make it happen. To every partner, contributing PSOJ member along with other corporate and individual donor, government agency, community leader and resident who contributed to this year, this work belongs to all of us.

For full reports and data, visit: www.projectstarja.com/resources

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The Private Sector Organisation of Jamaica | 33 | 2025 Annual Report | Committee Reports

Trust & Corporate Services Providers Act

Corporate Governance & Listed Companies Committee (CGLCC) Camille Facey, CD | Chairperson

A major area of focus was the unintended domestic impacts of the Trust & Corporate Services Providers Act. In 2025, the Committee liaised with the Jamaica International Financial Services Authority (JIFSA) and resumed its lobbying efforts to have aspects of the Trust & Corporate Services Act amended to mitigate some of the onerous licensing requirements unintentionally placed on local attorneys and service providers. Amendments to the Companies Act

Committee Members • Camille Facey (Chair) • Simone Pearson (Vice Chair) • Ali Matalon • Angela Bailey • Anna I. Harry • Antoinette Hamilton • Asheka Robinson • Barbara Alexander • Carolyn Bell- Wisdom • Carolyn Hayle • David Hall • Donovan Wignal • Eva Lewis • Gabrielle Grant • Gail Moss-Solomon • Gina Phillipps-Black • Imega Breese McNab • Jazeel Martin • Jeanette Calder • Joshua Sherman • Julie Thompson-James • Kecia Taylor • Keri Gaye Brown • Maia Wilson • Marlene Street-Forrest • Melanie Gilchrist • Melisha Walters Gordon • Robert Hamilton • Roxanne Miller • Sharine Willis • Sharma Taylor • Stephen Greig • Tracy Campbell • Twila Mae Logan • Yualande Christopher

he full Corporate Governance & Listed Companies Committee (CGLCC) met four (4) times in 2025, with separate sub-committees meeting several times throughout the year, all with the major aim of strengthening Jamaica’s corporate governance ecosystem across the public and private sectors. The Committee worked on at least twelve sub-areas throughout the year; supported various public sector governance initiatives; provided guidance to ensure transparency, accountability, and operational efficiency across multiple industries and advocated for regulatory reforms and amendments to key legislation (such as the Trust & Corporate Services Provider Act and Amendments to the Companies Act). Overall, the CGLCC’s work in 2025 spanned the following core governance areas: 1. Proposed Financial Disclosure Guidelines for Listed Companies 2. Trust & Corporate Services Providers Act 3. Amendments to the Companies Act 4. Improving Corporate Governance in the Private Sector – JSE CG Index 5. Corporate Governance Training 6. ESG (Environmental, Social & Governance) Development 7. Public Sector Governance – Awards & Index Tool 8. Data Protection Act Monitoring 9. Constitutional Reform Monitoring 10. Improving the Conveyancing Process with Financial Institutions 11. CAC Microcredit Code of Conduct 12. Monitoring of the Integrity Commission Act

Main Highlights Strengthening Corporate Reporting and Disclosure The CGLCC continued its advocacy efforts around the Proposed Financial Disclosure Guidelines for Listed Companies, through the submission of feedback to the Financial Services Commission (FSC).

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The CGLCC continued in its efforts to have the necessary changes made to the Companies Act as the government had committed to doing in March 2023 when the Companies Amendment Act was passed. The Ministry of Industry, Investment and Commerce (MIIC) initiated the review, and the PSOJ provided feedback on the proposed amendments during the second quarter of 2025. Corporate Governance in the Private Sector: JSE Corporate Governance Index

review and in another case the unavailability of the company’s annual report.

The Committee continued to support the Jamaica Stock Exchange (JSE) in its efforts to enhance governance standards among listed companies. Through its Committee Member, Dr. Twila Mae Logan, the CGLCC continued to lead the panel of analysts who review and score the governance performance of listed companies and provide the grades set out in the Corporate Governance Index (CGI).

The overall improvements are noteworthy, because they suggest that more companies are embracing and adopting acceptable corporate governance practices or working to improve their practices. We anticipate that this will create long-term value, ultimately increase investor confidence and positively impact the JSE.

Since the introduction of the CGI, there has been an overall increase in documented compliance with corporate governance practices for listed companies. The most striking feature in this year’s review was the significant increase in the number of companies in the AA category. There were two companies last year, and there are five this year. The number of companies in the three highest rating categories, “AA”, “A” and “BB”, increased from 52% to 58% year on year. Also, nine (9) companies had a “C” rating down from twelve (12). Only one (1) company that was rated “NR” (not rated) last year remained in this category. There has been overall improvement with eighteen (18) companies having a higher category rating than they did last year. However, seven (7) companies scored in lower categories. The reasons for the decline in companies’ scores were varied, however two reasons for decline were the unavailability of sections of the company’s website at the time of

Training & Capacity Building In 2025, the Committee had planned to continue its capacity building efforts through the Jamaica Stock Exchange / PSOJ Directors’ Training Series and a Corporate Governance webinar for Micro Small and Medium Enterprises (MSMEs). However, due to registration and other logistical challenges, both sessions, which were scheduled to take place during the second to fourth quarters, had to be postponed. In 2026, the Committee plans to reassess the viability and structure of future training initiatives. Public Sector Governance The CGLCC continued its engagement with the Ministry of Finance and the Public Service (MOFPS) on public-sector governance initiatives.

• Public Bodies Corporate Governance Awards was scheduled to take place before the end of the year but was postponed due to the passage of Hurricane

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Melissa in October 2025. The Committee plans to continue working with the MOFPS in 2026, in the execution of the 2026 awards ceremony, which will celebrate winners from both the 2025 and 2026 cohort.

• Public Bodies Corporate Governance Index The CGLCC continued to collaborate with JAMP in the development of the Corporate Governance Index for public bodies. Similar to the Private Sector Corporate Governance Index, this initiative aims to assess the compliance of public bodies with laws and governance best practices. The Index was presented to the MOFPS, refined based on feedback and was to be launched before the end of 2025. However, the launch was postponed due to the elections, the hurricane and donor related challenges. The launch will take place in 2026. This Index is expected to be a game-changer in public sector governance.

Improving Conveyancing Processes In 2025, the long timeline for the completion of real-estate transactions was a major advocacy area identified by the CGLCC. A meeting was convened with the Conveyancing Committee of the Jamaica Bar Association and the legal heads of financial institutions on February 18, 2025, to discuss the hindrances to the timely conclusion of real estate sales including issues related to undertakings issued by financial institutions. A follow-up workshop has been scheduled for March 2026. The workshop’s primary objective is to facilitate discussions and assist in reducing the timelines for completion of real estate transaction timelines from the existing median time frame of six (6) months to the intended three (3) month standard turnaround time.

Consumer Affairs Commission (CAC) Microcredit Code of Conduct & Integrity Commission Act and the Integrity Commission Act The Committee consulted with the CAC on the proposed Microcredit (Consumer Related Matters) Code of Conduct and provided technical guidance and feedback during a stakeholder consultation session held on October 10, 2025. Additionally, the CGLCC monitored amendments to the Integrity Commission Act, preparing for stakeholder engagement to clarify the updated legal framework.

Economic Policy Committee (EPC) Marian Ross-Ammar | Chairperson

2026 Outlook

Committee Members

In 2026, the CGLCC will remain steadfast in its commitment to providing technical guidance, policy advocacy, and regulatory oversight for the enhancement of Jamaica’s governance architecture. By addressing sector wide bottlenecks (such as the long timeline for the completion of real-estate transactions), supporting legislative modernization, and driving public sector and private sector governance improvements, the CGLCC continues to be a key PSOJ body, advancing integrity, transparency, and accountability, towards national development.

• Marian Ross-Ammar (Chair)

• Miguel Martinez

• Brian Frazer

• Sharnakae Stewart

• Brian Jardim • Eugene Stanley • Keith Collister

• Patricia Francis • Stevonne Nugent • Victor Gauto

he Economic Policy Committee (EPC) met nine (9) times in 2025 and maintained its strong advocacy efforts and commitment to monetary policy that would stimulate export driven growth in Jamaica. The committee met with Kingston Wharves to delve deeper into the impact of inflation and the BOJ’s monetary policy on the international demand for local services. The Committee also wrote to the BOJ immediately after Hurricane Melissa imploring the Central Bank to lower interest rates, release liquidity and use Government borrowing for capital improvements.

Main Highlights Monetary Policy With regard to monetary policy, the committee continued to monitor and inform the PSOJ leadership of key local economic indicators influencing the market and economic conditions and growth outlook, particularly the: i) the US dollar to Jamaican dollar exchange rate, ii) Bank of Jamaica (BOJ) market interventions, iii) the unemployment rate, iv) remittance inflows, v) net international reserves (NIR), vi) inflation and vii) BOJ policy rates. Throughout 2025, the EPC focused heavily on deepening its engagement with the BOJ. The committee’s engagement with the BOJ started with a high-level meeting between both institutions, which took place in March 2025, followed by the Committee’s consistent advocacy and request for additional discussions

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to ascertain the BOJ’s stance on market interventions, inflation and growth forecasts, among other areas. The Committee maintained its position that a more flexible exchange rate and looser monetary policy would enhance export driven growth and pointed to successful case studies in Asia where this occurred. Export Driven Growth and Hurricane Support Efforts The EPC remained committed to improving Jamaica’s economic growth outlook through exports. The Committee intended to host a forum by the end of 2025, under the theme “10 Years of Stability, Going for Growth.” The event’s main objective was to explore opportunities and address some of the underlying challenges impacting economic growth in Jamaica. Ultimately, due to resource constraints and Hurricane Melissa, the event had to be cancelled. The EPC ended the year by compiling urgent hurricane related needs from PSOJ membership to help support Government recovery planning and submitted policy actions/ recommendations to the BOJ Monetary Policy Committee for consideration during their deliberations in November 2025. Policy recommendations included: the reduction in the BOJ policy rate by at least 50 basis points, targeted liquidity support to the banking system, strategic use of the reserves to support the re-building of key infrastructure and the temporary widening of the inflation target range to support the economy post-Hurricane Melissa.

2026 Outlook For the 2026 year, the EPC will remain steadfast in its approach and advocacy as it relates to monetary policy improvements, the consistent monitoring of key economic variables and their implications for the private sector and fostering opportunities for increased productivity and export-driven growth in Jamaica.

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Energy: Renewable Energy Awareness and Advocacy During 2025, the EECCC emphasized the importance of renewable energy and actively engaged the PSOJ membership through awareness-building activities such as the Committee’s comprehensive summary of the Caribbean Renewable Energy Forum (CREF), which was compiled by Dr Ruth Potopsingh. Dr. Potopsingh’s summary emphasized the need for collaborations with international investors and local partners to facilitate knowledge transfer and resource sharing to strengthen the capacity of Jamaican companies to compete in the renewable energy market. This activity was aligned with the EECCC’s broader mandate to support Jamaica’s energy resilience, enhance market readiness for renewables, and equip the private sector with practical tools for engaging in clean energy projects.

Energy, Environment and Climate Change Committee (EECCC) Eleanor Jones, OD | Chairperson

Environment and Climate Change Committee Members • Eleanor Jones (Chair) • Alyssa Jolly • Ava Tomlin • Carolyn Bell Wisdom • Conrad Miller • David Barrett (Vice Chair) • Dominic Summers • Jacqueline Burrell-Clarke • John Carberry • Joseph Williams • Kamille Jackson • Karoline Smith • Kimberly Roach • Krishna Desai • Lauren Creary • Luke Buchanan • Michel Malatino • Nigel Davy • Parris Lyew-Ayee (Dr) • Patricia Francis • Robert Holdsworth • Ruth Potopsingh (Dr) • Samuel Davis • Sandrine Vives-Rotger • Sean Hinds • Wayne Archibald • Wesley Hughes (Dr)

Environmental threats and climate resilience remained a central theme throughout 2025, with the Committee advocating for long term infrastructure planning which incorporates climate adaptation and promotes decentralized, renewable based local systems, less vulnerable to storm impacts. Given Jamaica’s exposure to extreme weather events and following the passage of Hurricane Melissa in October 2025, the EECCC strongly advocated for the strengthening of disaster preparedness and business continuity planning among PSOJ members and the wider private sector.

he Energy, Environment and Climate Change Committee (EECCC) met nine (9) times in 2025. The Committee primarily focused on strengthening Jamaica’s energy framework and response to climate and environmental threats. The year was marked by the Committee’s engagement with international development partners and private sector stakeholders towards the medium to long-term transformation of Jamaica’s energy and environmental landscape.

Main Highlights Energy: Energy Policy and Sector Reform A key focus area for the EECCC in 2025 was the impending expiration of the Jamaica Public Service Company’s (JPS Co.) license and the July 2025 deadline for the Government of Jamaica to declare its intent regarding acquisition. During the year, the Committee prepared recommendations and liaised with a Consultancy Team from the European Union to develop a collaborative workplan for accelerating Jamaica’s energy transition. Discussions with the EU Consultancy Team centred around sector restructuring, integrating renewable energy, improving investor confi-

dence, and incorporating feedback on the Electricity Act and JPS license framework. Other policy areas monitored by the EECCC in 2025 included the Government’s proposed reintroduction of an aged-vehicle policy for use in the public passenger vehicle (PPV) sector and environmental concerns regarding increased emissions. The Committee was honored to welcome Mr. Hugh Grant, President and CEO Jamaica Public Service Co (JPSCo) and Mr Betrand Smith, Director General Maritime Authority Jamaica, both of whom had taken up recent posts in their respective organisations. Mr Grant shared his vision for the JPS and energy in Jamaica indicating focus areas to include enhancing customer service relations,,

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2026 Outlook

exploring renewable energy solutions, innovations and partnerships, while addressing affordability for customers and resilience of the sector in the light of climate change and extreme weather events. Mr Smith presented on ‘Sustainable Maritime Transport Issues for Consideration’, emphasising that the Maritime Authority of Jamaica plays a vital role in regulating shipping and represents Jamaica at the International Maritime Organisation (IMO). Decarbonisation of the industry was a focal agenda item for the IMO and engagement with stakeholders including the private sector and regulatory bodies was among areas requiring focused attention for ship to shore power and other innovations for sustainability.

In 2026, the EECCC will continue its advocacy around climate resilience, disaster preparedness, ex ante recovery planning including business continuity, in the light of lessons learnt from Hurricane Melissa and will further heighten its strategic engagement with key public and private sector bodies regarding the Jamaica Public Service Company’s (JPS Co.) renewal license and overall energy sector reform in Jamaica as well as management of resources within the natural and urban environments.

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Gender & Disability Affairs Committee (GDAC) Renee Morrison | Chairperson

Committee Members • Renee Morrison (Chair) • Arlette Archer • Deborah Newland • George Young • Jemelia Davis • Maureen Webber • Sandra Samuels • Sophia Harris • Thalia Lyn • Tricia Smith • Yohann White

Human Capital Development Committee (HCDC) Allison Mais | Chairperson

Main Highlights

Committee Members

The Gender and Disabilities Affairs Committee (GDAC) officially met once in 2025 and conceptualized a School Jingle Competition, in which schools were asked to create jingles focused on disability access/awareness. The GDAC formally engaged key stakeholders such as the Ministry of Education, Skills, Youth and Information (MoESYI), the Jamaica Council for Persons with Disabilities and the Ministry of Labour and Social Security (MLSS) and sought stakeholder feedback on the competition and the proposed rules and regulations.

• Allison Mais (Chair)

The Committee had allocated a budget of JM$1.35 million in sponsorship, for programme implementation across the September to December 2025 period. The PSOJ aimed to launch the initiative in September 2025, with judging in November 2025 and the announcement of the winner on International Day of Persons with Disabilities (December 3, 2025). However, the event was indefinitely postponed, due to unforeseen logistical challenges, in addition to the passage of Hurricane Melissa in October 2025.

• Magion Stephenson

2026 Outlook The outlook for 2026 would be to push the agenda of access and inclusion for PWD. This will be done though 3 initiates for this year: 1. The school jingle. 2. School Spotlight where we put the spotlight on a school each month that has made provisions for PWD in their environment . 3. The disability seminar.

• Shalette Ashman (Vice Chair) • Colinnette Wilson • Colleen Bancroft • Dwayne Russell • Jacqueline Coke-Lloyd • Lisandra Rickards • Mariame McIntosh Robinson • Melissa Anderson • Michael Gordon • Natalie Fagan • Renee Morrison • Sashae Jarrett

n 2025, the Human Capital Development Committee (HCDC) continued to advocate for the strengthening of Jamaica’s human capital base, with a focus on workforce development and AI digital readiness, the improvement in national literacy rates and policies related to the unemployment insurance. The Committee worked collaboratively with schools, ministries, private sector partners, and social impact organizations, ensuring that its initiatives contributed meaningfully to PSOJ’s broader mandate of national development.

Main Highlights

Workforce Development and Digital/AI Readiness

Unemployment Insurance

Given the reality of the rapidly evolving digital transformation, the HCDC collaborated with the Innovation & Digital Transformation Committee (IDTC), as both Committees identified AI as an area requiring urgent national focus. The HCDC aimed to collaborate with the IDTC on a forum scheduled for March 12, 2026, with the goal of demystifying AI for Jamaican businesses and showcasing practical AI applications that drive growth and innovation.

The HCDC continued its critical work on the Unemployment Insurance (UI) Scheme, with the drafting of a policy paper that reviewed international case studies, examined the interplay with Jamaica’s Redundancy Act, and outlined key recommendations which included: • The removal of dual financial burdens on employers by adjusting redundancy obligations, • Ensuring Private sector representation in scheme governance, and • Defining contribution rates to support financial sustainability. The Committee requested a meeting with the Ministry of Labour and Social Security to discuss the draft paper. However, the Committee was unable to finalize an appropriate meeting time with the Ministry.

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Declining Literacy Rates and Post-Disaster Education Disruption Throughout 2025, the Committee highlighted the alarming decline in Jamaica’s literacy rate and strongly advocated for increased private sector partnership with literacy-based projects/initiatives such as the Readiness Dividend and the St. Michael’s Educa-

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Human Capital Development Committee (Cont.)

tional Transformation Project. A dedicated subcommittee, led by Dr. Shalette Ashman, was formed to direct this work. Following the passage of Hurricane Melissa, the HCDC committed to re-engage the Ministry of Education, Skills, Youth and Information (MoESYI) and offer support towards post-disaster educational recovery for children.

2026 Outlook During the first quarter of 2026, the PSOJ aims to collaborate with some of its members from the HCDC on the donation of grade six level textbooks to the MoESYI, towards post-hurricane education recovery. In 2026, the HCDC will focus its advocacy on productivity and skills as foundational drivers of national growth. Two main initiatives planned for the 2026 calendar year include: i) the hosting of a Human Capital Development Forum and ii) the development of an employer manual, which seeks to demystify labour laws and Human Resource (HR) obligations, particularly for Micro, Small and Medium Sized Enterprises (MSMEs).

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The Private Sector Organisation of Jamaica | 43 | 2025 Annual Report | Committee Reports

Innovation & Digital Transformation Committee Christopher Reckord | Chairman Committee Members • Christopher Reckord (Chair) • Nadeen Matthews Blair (Deputy Chair) • Aden Whittaker (Supreme Ventures Ltd) • Craig Perue (UWI) • Edward Laughton (Individual) • Joel Dean (Individual) • Michele Marius (ICT Pulse Consulting Ltd) • Winston Henry (ScanBox LLC) • Shalette Ashman (Individual) • Jason Bailey (GraceKennedy Ltd) • Stacey Hines (EPIC Transformation Ltd) • Trevor Forrest (876 Technology Solutions) • Winston Blackwood (JPS) • Dominic Summers (CorpCare) New Members inducted in 2025: • Erica Anderson (Aurora Technologies Ltd) • Kevin Cushnie (MC Systems) • Camille Garrison (Hart Muirhead & Fatta)

Committee Mandate The Innovation & Digital Transformation Committee seeks to inform members on current and emerging digital practices that increase efficiency and productivity in the public and private sector. The committee also seeks to collaborate with private sector bodies, government ministries, departments, and agencies to increase the digitization of the Jamaican private and public sector.

Meetings The Committee held nine (9) regular meetings during 2025. The Committee also formalized its governance structure by reviewing and updating its Terms of Reference in March 2025.

Key Highlights & Achievements 1. National AI Policy & Readiness Leadership •

Reinstatement of AI Task Force: Chair Christopher Reckord was reinstated as Chairman of the National AI Task Force with a new mandate and Terms of Reference.

• UNESCO AI Readiness Assessment (RAM): The Committee facilitated critical private sector engagement for the UNESCO Readiness Assessment Methodology (RAM). In June, the Committee hosted Simble LLC coordinators Trudi Hable and Erica Simmons to review the RAM findings. The assessment engaged over 170 stakeholders and evaluated Jamaica’s AI preparedness across five dimensions: legal/regulatory, societal/cultural, scientific/educational, economic, and technological/infrastructural. Key strengths identified include strong political leadership, a solid legal foundation (Data Protection Act and Cybersecurity Act), world-class educational institutions, and a tech-savvy youth population. Areas for strengthening include comprehensive AI legislation, infrastructure consistency, AI curriculum development, and innovation funding transparency. • Private Sector Advocacy: The Committee actively advocated for greater private sector input in the AI policy framework, noting that consultations predominantly reflected government perspectives and encouraging broader participation.

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2. Digital Transformation & AI Readiness Assessment • Digitopia Partnership: The Committee developed and finalized a partnership with Digitopia, a global transformation software provider, to deploy a free digital and AI maturity assessment for PSOJ members and non-members. Proposed in April by Deputy Chair Nadeen Matthews Blair, the initiative evaluates three key business dimensions: Customer, Operations, and Technology, with integrated AI maturity insights. • Survey Launch: On October 3, 2025, the PSOJ publicly launched the assessment. The 20-minute survey targets businesses with 10 or more employees across all sectors, with each participating company receiving a personalized, confidential report benchmarking their digital and AI capabilities against global standards. • Data Ownership: The PSOJ retains full ownership of all data collected. Anonymized findings will inform industry-level benchmarks and advocacy recommendations for accelerating digital adoption across Jamaica’s private sector. 3. Cybersecurity Guidelines for SMEs • SME-Tailored Framework: Led by Michele Marius, the cybersecurity subcommittee drafted and circulated guidelines tailored for Small and Medium Enterprises (SMEs). The guidelines provide best practices to help smaller businesses enhance their cybersecurity posture and navigate data protection compliance. • Thought Leadership: A 12-part Cybersecurity Series co-authored by Chair Reckord and Trevor Forrest was

shared with the committee for repurposing to benefit the broader PSOJ membership. 4. Workforce Development & Education • AI Workforce Collaboration: The Committee initiated a collaboration with the PSOJ Human Capital Development (HCD) Committee, led by Chair Allison Mais, to develop an AI Workforce Development Plan focused on upskilling business leaders and executives through practical AI exposure. The IDT and HCD subcommittees met and agreed to implement the initiative through an in-person conference scheduled for 2026. • Public-Private Engagement: The Committee engaged with the Ministry of Education (MoESYI) to review their Digital Transformation Agenda, covering literacy and ICT integration, the Education Management Information System (EMIS), and the National Broadband Initiative. 5. Empower JA Forum with IDB The Committee partnered with the Inter-American Development Bank (IDB) to plan the Empower JA Forum under the theme “Wired for Growth: Boosting SME Efficiency and Growth Through Digital Transformation.” Originally scheduled for November 20, 2025, the in-person forum was postponed due to hurricane impact and has been rescheduled for March 12, 2026. The half-day event, moderated by Chair Reckord, will feature keynote addresses, panel discussions on financial barriers to digital adoption and the digital skills gap, and tech testimonials from Jamaican companies. Findings from the Digitopia assessment are scheduled to be presented at the forum.

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Innovation & Digital Transformation Committee (Cont.) 6. International Representation & Thought Leadership The Committee significantly elevated Jamaica’s presence on the global innovation stage in 2025: • WSIS+20 & AI for Good Conference (Geneva, July 2025): Chair Reckord hosted a panel on Jamaica’s AI and Digital Transformation initiatives at the AI for Good conference, held alongside the World Summit on the Information Society (WSIS)+20 High-Level Event. Deputy Chair Nadeen Matthews Blair and Stacey Hines participated as panelists. Chair Reckord’s address, “AI-Powered Leap: Turning Small States into Digital Societies,” positioned Jamaica as a model for how small-island developing states leverage AI for national development. • Caribbean AI Task Force: Chair Reckord was invited to serve as Deputy Chairman of the Caribbean AI Task Force, expanding the committee’s influence to regional AI governance. • ITU/ECLAC Forum (Trinidad): Craig Perue spoke on AI and digital strategies in Jamaica at an event co-hosted by the International Telecommunication Union (ITU) and the Economic Commission for Latin America and the Caribbean (ECLAC). • CTU Ministerial Address (Jamaica, September): Chair Reckord was invited to address telecommunications and digital ministers at a Caribbean Telecommunications Union event hosted in Jamaica. • ECLAC AI Committee: Craig Perue was appointed a member of the UN ECLAC Committee on Artificial Intelligence. • CARLA Conference (Kingston): Joel Dean participated in the Caribbean Research and Leadership Alliance conference, which featured participation from Dell and Lenovo showcasing innovations in supercomputing and the training of large language models. 7. Governance & Institutional Strengthening • Terms of Reference: The Committee reviewed and updated its TOR in March 2025, formalizing its mandate, responsibilities, and reporting relationships. • Meeting Recording & AI Transcription Protocol: The Committee reviewed and contributed feedback

on a PSOJ-wide draft protocol for meeting recordings and AI transcription, covering informed consent, transparency, data privacy, and secure storage.

Membership Committee

Recommendations & 2026 Outlook 1. IDB Empower JA Forum (March 12, 2026) Host the rescheduled Empower JA Forum in partnership with the IDB, featuring practical demonstrations of digital tools, discussions on financial barriers and digital skills gaps, and presentation of initial findings from the Digitopia digital maturity assessment. 2. Engagement with New Ministries With the 2025 appointment of Honourable Audrey Marks for Efficiency, Innovation & Digital Transformation, and Honourable Dr. Andrew Wheatley for Science, Technology & Special Projects, the Committee will initiate high-level discussions to clarify the division of responsibilities and ensure effective management of the national innovation agenda. 3. Digital Maturity Benchmarking Full analysis of the Digitopia assessment data, providing the PSOJ with concrete, evidence-based insights to drive advocacy for digital adoption across industries. 4. Cybersecurity Implementation Finalize and publish the SME Cybersecurity Guidelines and partner with entities like JaCIRT to provide training based on the framework. 5. AI Ethics & Governance Refresh Update the AI ethics and governance guidance document originally developed in collaboration with the Corporate Governance & Listed Companies Committee, reflecting rapid developments in AI over the past year. Prepared by: Christopher Reckord, Chair Nadeen Matthews Blair, Deputy Chair

The Private Sector Organisation of Jamaica | 46 | 2025 Annual Report | Committee Reports

Nadine Seaga | Chairperson

he PSOJ Membership Committee for 2025 comprises a distinguished group of business leaders whose collective expertise and commitment have driven meaningful progress for the membership community throughout the year. The committee is composed of the following members: • Nadine Seaga — Committee Chair • Marc-Maurice Frankson

Key topics explored during these sessions included:

• Marsha Bucknor

Marketing Strategy & Brand Growth

• Almando Cox

Equipping members with contemporary marketing frameworks and digital outreach strategies to elevate their market presence.

• Kerry-Ann Anderson-Jones • Oniel Kerliew

Purpose-Driven, Data-Informed Leadership The Membership Committee entered 2025 with a clear and unwavering mandate: to make statistically informed decisions that enhance the value of PSOJ membership while creating meaningful avenues for networking and business learning. This mandate served as the compass guiding every initiative, programme, and partnership undertaken during the year. Central to this vision was the recognition that membership value is not static; it must be actively cultivated, measured, and refined. To this end, the committee committed to leveraging data and member feedback to shape programming that is both relevant and impactful.

Initiatives & Programmes A cornerstone of the committee’s programming in 2025 was the delivery of a series of Mentorship Sessions designed to equip members with the tools, strategies, and insights necessary to navigate the evolving business landscape. These sessions were deliberately curated around themes that directly address the operational and strategic needs of PSOJ members.

Harnessing the Power of Artificial Intelligence An in-depth exploration of how AI tools can be integrated into everyday business operations to increase efficiency, reduce costs, and drive smarter decision-making. Business Process Optimization Practical guidance on streamlining workflows and improving organisational performance across diverse industries. These sessions were well-received and underscored the committee’s commitment to ensuring that PSOJ membership translates into tangible, real-world business value. The learning environment fostered not only knowledge transfer but also robust peer-to-peer networking and collaboration among members.

The Bosses Suite — Pilot Program 2025 saw the launch of the Bosses Suite pilot programme, an innovative networking initiative designed to move member engagement beyond the formality of scheduled events into something far more organic, candid, and enduring. The programme was conceived in

The Private Sector Organisation of Jamaica | 47 | 2025 Annual Report | Committee Reports

Humanitarian Response: Hurricane Melissa Relief Effort When Crisis Calls, The PSOJ Answers. The latter part of 2025 brought unprecedented challenges to Jamaica as Hurricane Melissa made landfall, causing widespread devastation across multiple parishes. True to the spirit of corporate social responsibility and community solidarity, the PSOJ Membership Committee rose to the occasion, organising and leading a comprehensive humanitarian relief effort in partnership with key stakeholders.

direct response to a recurring challenge: despite the breadth of PSOJ’s networking calendar, members often find it difficult to forge the deeper, more substantive professional relationships they seek. The pilot year proved highly encouraging. Participants reported a meaningful shift in the quality of their interactions moving from surface-level exchanges to more relaxed, candid, and trust-based conversations. Familiarity within the network deepened, and new collaborative opportunities emerged directly from Suite engagements. The committee is confident the Bosses Suite will grow into a flagship component of the PSOJ membership experience in the years ahead.

Extending Our Reach. Amplifying Every Voice. In a significant step towards truly inclusive and representative membership, the committee undertook a strategic visit to the western regions of Jamaica, engaging with members from both the Western and Northern parts of the island. This outreach was driven

by a recognition that the experiences, challenges, and opportunities faced by members outside the Corporate Area deserve dedicated attention and advocacy. The primary objectives of this visit were: • To engage in open dialogue with regional members to gain a deeper understanding of the unique challenges they face in their respective business environments. • To identify specific areas where The PSOJ can provide stronger advocacy and representation on behalf of regional members at the national level. •

To extend the committee’s geographic reach and ensure that regional voices are meaningfully incorporated into The PSOJ’s strategic priorities.

This visit marked an important milestone in the committee’s pursuit of a more connected, responsive, and geographically representative membership organisation. The insights gathered will continue to inform advocacy efforts and programme development in the year ahead.

The Private Sector Organisation of Jamaica | 48 | 2025 Annual Report | Committee Reports

Working in close collaboration with Global Empowerment Mission (GEM) and the Ministry of National Security and Peace, the committee coordinated and executed several structured relief visits to severely impacted communities in St. Elizabeth, Westmoreland and St. James. This multivisit approach ensured sustained support and allowed the committee to respond to evolving needs on the ground as the relief effort progressed. Essential relief items distributed during the outreach included: • Food supplies and non-perishable provisions • Clothing and personal apparel • Temporary shelter materials • Gas stoves and cooking cylinders • Personal care and hygiene items The scale and coordination of this effort stood as a powerful testament to the private sector’s capacity for meaningful social impact. Beyond the immediate relief provided, the initiative reinforced The PSOJ’s role as a responsible and compassionate corporate citizen that leverages its networks and resources in service of the Jamaican people during times of need.

The committee extends its sincere gratitude to all partner organisations, donors and individuals who contributed resources, time, and expertise to making this relief effort a success.

Looking Ahead The 2025 programme year has demonstrated that The PSOJ Membership Committee is both agile and purposeful, capable of delivering high-value programming, fostering regional inclusivity, and mobilising effectively in response to national challenges. As we look toward 2026, the committee remains steadfast in its commitment to deepening membership value, broadening its reach, and ensuring that every PSOJ member feels the tangible benefits of their association.

The Private Sector Organisation of Jamaica | 49 | 2025 Annual Report | Committee Reports

Sports & Entertainment Development Committee (SEDC)

National Security and Justice Committee (NSJC) George Overton | Chairman

Committee Members • George Overton (Chair) • Alicia Prendergast • Allison Rangolan • Audrey Tugwell-Henry • Cherise Douglas • Dennis Harris • Ferris Ziadie • Fitzroy Brown • Imega Breese McNab • Judy-Ann Beckford • Kristal Morgan • Mark Kerr-Jarrett • Mikhail McLeod • Parris Lyew-Ayee Jr • Peter John Thwaites • Sophia Bryan

Dave Cameron | Chairman

n 2025, the National Security and Justice Committee (NSJC) continued its advocacy around strengthening the cooperation between the private sector, law enforcement and justice sector partners amid rising national security concerns and major hurricane related disruptions.

The Committee met ten (10) times in 2025 and continued its strong engagement with the Jamaica Constabulary Force (JCF) and PSOJ affiliated partners, Crime Stop and Project Star, through frequent discussions regarding the level of crime and violence in Jamaica and the overall implications for the private sector. The Committee also continued to advocate for the revitalization of the Crime Monitoring and Oversight Committee (CMOC).

• Dave Cameron (Chair) • Carole Beckford • Evon Mullings JAMMS • Mike Fennell

Main Highlights Engagement with Crime, Law Enforcement and Social Intervention Partners

Committee Members

Post-Hurricane Melissa Justice Sector Resilience A meeting was convened with the Minister of Justice, the Honourable Delroy Chuck, on November 25, 2025, to discuss the impact of Hurricane Melissa on the justice system, the recovery process and for the NSJC to garner insights to help shape PSOJ’s advocacy for a more resilient justice system. The main discussion areas of focus included: • Infrastructure and operational damage • Judicial capacity requirements • Property and business protections • Digital justice transformation • Legislative readiness for disaster recovery

2026 Outlook In 2026, the NSJC will continue its crime and public order advocacy and will remain steadfast in its support of the work carried out by the JCF, Crime Stop and the Project Star social intervention programme.

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• Sophia Harris Lau Global Consulting • Zachary Harding

hroughout 2025, the Sports and Entertainment Development Committee (SEDC) maintained a strong focus on strengthening the policy, fiscal, and institutional frameworks required to advance Jamaica’s sports and entertainment sectors. The Committee met six (6) times in 2025 and prioritized the areas of: Fiscal Incentives, Partnerships for Sectoral Development and Sport & Entertainment Policy.

Main Highlights • Fiscal Incentives During the second quarter of 2025, the SEDC prepared and disseminated concept papers/proposals to key public and private sector stakeholders and made presentations to the Tourism Enhancement Fund (TEF) and the Minister of Finance and the Public Service, the Honourable Fayval Williams, regarding tax incentives to facilitate the sustainable growth of the sector and the need for data on the contribution and benefit of the sports and entertainment industries to Jamaica’s gross domestic product (GDP). Building on these consultations, the Committee proposed the creation of a joint working group between the PSOJ and the Ministry of Finance and the Public Service (MOFPS), to design a clear legislative and policy roadmap for sector development. However, progress within this strategic focus area was stalled, due to the lag time in response from key public sector stakeholders, cancelled meetings and eventual disruptions resulting from the passage of Hurricane Melissa in October 2025. • Partnerships for Sectoral Development and Sport & Entertainment Policy The Committee continued its role in shaping national policy discussions and strengthening public and private sector partnerships towards the modernization of Jamaica’s entertainment and cultural ecosystem. The SEDC had discussions with the Jamaica Special Economic Zone Authority (JSEZA) about possible collaborations regarding the development of Special Economic Zones in Jamaica. In quarter two of 2025, a draft position paper was submitted to the Ministry of Culture, Gender, Entertainment and Sport (MOCGES) for the proposed merger

The Private Sector Organisation of Jamaica | 51 | 2025 Annual Report | Committee Reports

Sports & Entertainment Development Committee (Cont.)

of the Emancipation and Independence holidays into a four-day weekend. Subsequently, in October 2025, members of the Committee along with the President of the PSOJ, met with the Minister of Culture, Gender, Entertainment and Sport, the Honourable Oliva Grange and provided feedback on the Ministry’s National Policy for Culture, Entertainment and the Creative Economy (2025–2035) green paper. Coming out of that consultation session was the SEDC’s commitment to strengthening its partnership with the MOCGES and exploring potential opportunities for the development of the music and entertainment industry through avenues such as music museums.

2026 Outlook For the 2026 year, the Committee aims to continue its advocacy efforts around fiscal/tax incentives, strategic partnerships (inclusive of working public and private sector working groups) and policies aimed at the development and sustainability of Jamaica’s sports, and entertainment sector.

• Hurricane Melissa Recovery Advocacy and Efforts Following the impact of Hurricane Melissa in the last quarter of 2025, the Committee shifted its efforts toward recovery advocacy, focusing on potential fundraising activities, assessing sports infrastructure damage, evaluating programme disruptions, and exploring international disaster-relief grants through global federations such as FIFA and World Athletics. The SEDC offered its full support to the Jamaica Rising Initiative, a global fundraising cultural concert/movement, which was led by the MOCGES and designed to mobilize international support towards post-Hurricane Melissa recovery efforts.

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July – September 2025: Political and economic uncertainty looms heavy in the air...

Election Cycle Uncertainty: Delayed investment and expansion decisions amid policy uncertainty.

The Private Sector Organisation of Jamaica | 54 | 2025 Annual Report | Committee Reports

Labour Market Pressure: Talent retention challenges, rising wage expectations, productivity concerns.

Global Financial Conditions: Changes in international interest rates affecting exchange rates and capital flows.

The Private Sector Organisation of Jamaica | 55 | 2025 Annual Report | Committee Reports

THE SECRETARIAT THE EXECUTIVE OFFICE

MARKETING & BUSINESS DEVELOPMENT DEPARTMENT

Zhane Rutherford Senior Membership Engagement Officer

Tricia Vickers

Executive Assistant

Sacha Vaccianna-Riley Executive Director

Jamila Campbell

Events & Sponsorship Assistant

Cherine Forbes

Marketing & Business Development Manager

Sashana Shryer Membership Services Officer

Sharee Campbell

Administrative Assistant

The Private Sector Organisation of Jamaica | 56 | 2025 Annual Report | The Secretariat

The Private Sector Organisation of Jamaica | 57 | 2025 Annual Report | The Secretariat

Andrew Laidley

Public Relations and Marketing Executive

THE SECRETARIAT

OPERATIONS DEPARTMENT CRIME STOP

Cherise Bruce Douglas Executive Director

Odain Fowler

Jonathan Bailey

IT & Facilities Coordinator

Operations Assistant

POLICY, PROGRAMMES & RESEARCH DEPARTMENT FINANCE DEPARTMENT

Bretania Gayle

Research and Committee Assistant

Monique Campbell

Strategic Programmes, Policy and Research Manager

Genius Edokpa

Policy and Research Analyst

The Private Sector Organisation of Jamaica | 58 | 2025 Annual Report | The Secretariat

Nikeisha Desouza Senior Accounting Officer

Brianna Menzie

Accounting Officer (Receivables)

Marlon Beatton Finance Manager

Reinia Jhagroo Accounting Clerk (Payables)

The Private Sector Organisation of Jamaica | 59 | 2025 Annual Report | The Secretariat

THE SECRETARIAT HUMAN RESOURCES & ADMINISTRATION DEPARTMENT

MANAGEMENT TEAM

Sacha Vaccianna-Riley Executive Director

Cherine Forbes

Taneil Roye

Winsome Millen Office Attendant

Customer Service Representative

Cheryl Neil-Barnes

Human Resource Manager

Demoy Hayletts Human Resource Officer

Monique Campbell

Marketing & Business Development Manager

Strategic Programmes, Policy and Research Manager

Cheryl Neil-Barnes

Marlon Beatton

Ariel Thompson Human Resource Assistant

James Sterling

Caretaker/In-House Security

The Private Sector Organisation of Jamaica | 60 | 2025 Annual Report | The Secretariat

Human Resource Manager

Finance Manager

The Private Sector Organisation of Jamaica | 61 | 2025 Annual Report | The Secretariat

31ST HALL OF FAME INDUCTEE: DON WEHBY

The Honourable Don Wehby, OJ, CD J U LY 1 4 , 1 9 6 3 - J U LY 2 6 , 2 9 2 5

On Monday, December 15, 2025, the PSOJ Hall of Fame welcomed its 31st inductee, The Honourable Don Wehby, OJ, CD, into its distinguished ranks. Mr. Wehby’s career was one marked by exemplary leadership, national service, and enduring contributions to Jamaica’s economic and social development. His impact will never be forgotten!

The Private Sector Organisation of Jamaica | 62 | 2025 Annual Report | Hall of Fame

The Private Sector Organisation of Jamaica | 63 | 2025 Annual Report | Hall of Fame

October – December 2025 is defined by Shock, Disruption and Recovery!

Hurricane Melissa: Major infrastructure damage, business closures, supply chain disruptions.

The Private Sector Organisation of Jamaica | 64 | 2025 Annual Report

Operational Disruptions: Power outages, road damage, logistics delays.

Cash Flow & Liquidity Crisis: Reduced revenue, ongoing costs, need for tax relief and financing support.

The Private Sector Organisation of Jamaica | 65 | 2025 Annual Report

Hurricane Melissa Relief Effort

PICTORIAL REVIEW

In partnership with Global Empowerment Mission (GEM) and the Ministry of National Security and Peace, the PSOJ coordinated relief missions to communities severely affected by Hurricane Melissa, delivering essential supplies and providing sustained support to families and businesses during their recovery.

The Private Sector Organisation of Jamaica | 66 | 2025 Annual Report | Pictorial Review

The Private Sector Organisation of Jamaica | 67 | 2025 Annual Report | Pictorial Review

IDB Forums In collaboration with the Inter-American Development Bank (IDB), the PSOJ hosted two high-level forums exploring financial inclusion and innovative financing solutions, advancing practical discussions on expanding access to capital and strengthening opportunities for Jamaican SMEs.

Past President Appreciation The PSOJ proudly honoured its living Past Presidents, recognising their exceptional leadership, enduring contributions and continued service to the organisation through the presentation of Honourary Lifetime Membership.

The Private Sector Organisation of Jamaica | 68 | 2025 Annual Report | Pictorial Review

The Private Sector Organisation of Jamaica | 69 | 2025 Annual Report | Pictorial Review

Member Engagement The PSOJ remained closely connected with its members through networking events, consultations and forums, strengthening relationships while ensuring the concerns and priorities of the private sector continued to shape our advocacy and policy engagement.

PSOJ–CPSO Regional Forum The PSOJ partnered with the Caribbean Private Sector Organisation (CPSO) to host a high-level breakfast forum in Montego Bay, bringing together Caribbean Heads of Government and business leaders to advance dialogue on regional collaboration, sustainability and economic growth.

Stakeholder Engagements Throughout the year, the PSOJ strengthened partnerships across government, the private sector and civil society, fostering meaningful dialogue and collaboration to advance national development and champion the interests of Jamaica’s business community.

The Private Sector Organisation of Jamaica | 70 | 2025 Annual Report | Pictorial Review

The Private Sector Organisation of Jamaica | 71 | 2025 Annual Report | Pictorial Review

2025 PSOJ Membership Listing

CORPORATIONS (Cont.)

ASSOCIATIONS Caribbean Institute of Corporate Governance

Jamaica Bankers Association

Jamaica Manufacturers and Exporters Association

Global Services Association of Jamaica

Jamaica Customer Service Association

Jamaica Securities Dealers Association

Incorporated Masterbuilders’ Association of Jamaica

Jamaica Developers Association

Medical Association of Jamaica

Institute of Chartered Accountants of Jamaica Insurance Association of Jamaica

Jamaica Employers Federation

Realtors Association of Jamaica

Jamaica Hotel and Tourist Association

Shipping Association of Jamaica

Sugar Manufacturers Corporation of Jamaica Limited (SMCJL)

A & N Loan Hub Limited A.S. James & Associates Ltd Adtelligent Limited

Caribbean Assurance Brokers Limited

Austrojam Limited

Caribbean Cement Company Ltd.

Bank of Nova Scotia Jamaica Ltd. Barita Investments Limited

Advanced Integrated Systems Ltd.

Barnett Limited

All Power Limited AMG Packaging and Paper Company Limited Appfinity Technologies Limited Appliance Traders Limited ASSL Security Services Jamaica Ltd Assurance Brokers Jamaica Ltd.

Aurora Technologies Limited

BCMG Insurance Brokers Brandram Henderson WI Limited (BH Paints) Broadlands Corporate Consulting Bryan Studios Ltd Bulwark Insurance Agency Limited Camcorp Industrial Limited

Caribbean Information & Credit Rating Services Limited Caribbean Producers (Jamaica) Limited Caribbean School of Medical Sciences, Jamaica Cari-Med Limited CB Group CG United Channel Realty Company Ltd. Charles O’Connor Consulting Network Limited

Flow Jamaica (and C&W Business)

Dairy Industries Jamaica Ltd.

Fontana Pharmacy Limited

Deloitte Advisory Limited

Fraser Fontaine & Kong

International Credit Management Solutions Ltd. Iprint Digital Ltd. Ironrock Insurance Company

Dentons Delany

Fujitsu Caribbean (Jamaica) Limited

The Human Resource Management Association of Jamaica

Digicel (Jamaica) Ltd.

Gabbro Solutions Ltd

Ironshore Construction Company Ltd

Digitronics Limited

Geddes Refrigeration Ltd.

J. Wray and Nephew Ltd.

The MSME Alliance

Domus Windows & Door

Geophysx Jamaica Limited

Jamaica Biscuit Company

United Way

Dot Personnel Services Ja. Ltd.

Gore Developments Ltd.

Jamaica Broilers Group Ltd.

DRT Communications Limited

CORPORATIONS 138 Student Living

Crichton Insurance Brokers

Grant, Henry & Rhooms

Eckler

Guardian Life Ltd.

Edge Realty Jamaica Limited

Guardsman Group Ltd.

Cheetah Toys & More LLC

Environmental Solutions Ltd.

Chicken Mistress/ Island Grill

Envisage Financial Company Limited

Chukka Caribbean Adventures

EPIC Technologies Ltd

CitiBank Collective Create Caribbean (COCREATE) Limited Confectionery and Snacks JA Ltd Connect Critical Infrastructure Solutions Limited Continental Baking Company Ltd. Courts Jamaica Ltd. Crescent Advisory Group Ltd

The Private Sector Organisation of Jamaica | 72 | 2025 Annual Report | Membership Listing

GraceKennedy Ltd.

Ernst & Young Services Limited EVDATI Innovated Ltd

Evolve Marketing & Media EExcelerate Energy, Inc.. Face Marketing Limited Facey Law Fidelity Motors Ltd. FirstCare Medical Plan (Jamaica) Limited Fleetwood Jamaica Limited

Leisure for Pledger Holidays for Tours Ltd Makeyla Solutions Limited MC Systems Media Institute of the Caribbean Mico University College Mona School of Business and Management Monhars Jamaica Limited Mozaic Mktg Limited

Jamaica Energy Partners

Myers, Fletcher & Gordon MZ Holdings

Hall Wilson & Associates

Jamaica National Group Limited

Hardware and Lumber Ltd

Jamaica Observer

Hart Muirhead Fatta

Jamaica Pegasus Hotel

Heart Institute of the Caribbean

Jamaica Public Service Company Ltd.

Henlin Gibson Henlin

Jamaica Sotheby International Realty

Herald Printers Ltd. (The) ICD Group Holdings Limited

EveryData Jamaica Limited

Jamaica Central Securities Depository Limited

Lawe Insurance Brokers Ltd.

Indies Pharma Jamaica Ltd. Info Exchange Limited Innovative Technical Consulting Inc Inova Solutions Jamaica Ltd. Intcomex Jamaica Ltd Intelligent Multimedia Limited

JAMALCO JMMB Group

National Commercial Bank Ltd. Nunes, Scholefield, DeLeon & co. Ltd. One Great Studio Company Limited Optimum Altice Jamaica Overwatch Cybersecurity Limited

JOH Investments Ltd

PanJam Investment Limited

KCLH Full Business Solutions Limited

PBS Technologies Jamaica Limited

Keller Williams Jamaica

Polygenics Consulting

Kingston Properties Ltd.

Pricewaterhouse Coopers

Kingston Wharves Ltd. KPMG KT Training Solutions LASCO

Privacy & Legal Management Consultants Limited ProDigi IT Consulting & Management Services Ltd

The Private Sector Organisation of Jamaica | 73 | 2025 Annual Report | Membership Listing

2025 PSOJ Membership Listing (Cont.)

INDIVIDUALS Alicia Watson

Helen Christian

Monique Todd

Alison Taffe

Henley W. Morgan

Nadine Burrowes-Seaga

Andrew Grahame

Howard Mitchell

Peter McConnell

Tiddle Limited

Andrew Nooks

Jacqueline Coke-Lloyd

Rochelle Cameron

Total Office (Jamaica) Limited

Carolyn Hayle

Jean Lowrie-Chin

Roxanne Dixon-Rose

Charles Ross

Jemelia Woolery-Davis

Salina Solomon

Christopher Reckord

Jennifer McDonald

Sean Clacken

Courtland Wilson

Joel Dean

Sean Davidson

David Barrett

Joseph Bogdanovich

Shalette Ashman

Deandra Reynolds

Judith Green

Stephen Greig

CORPORATIONS (Cont.) Professional Training and Occupational Services

RSD Shipping Agency Jamaica Ltd

StarApple Analytics Limited

PROVEN Group Limited

Sagicor Group Jamaica Limited

Sterling Asset Management Ltd.

Seaboard Freight & Shipping Ja. Ltd.

Stewart’s Auto Sales Limited

Securys

Supmasol

Select Brands

Supreme Ventures Ltd.

University of the Commonwealth Caribbean

Select N Start Limited

Syncon Technologies Ltd.

UWI TV

Deanna McFarlane

Karin Edmonds

Stokely Rose

Red Stripe

Shift Left Ltd

T M Traders Ltd

Demetrie Adams

Krystal Cameron

Tamar Nelson

Regus - Williams Offices (New Kingston)

Sixt Rent A Car

TASC Property Appraisals Company Limited

VantageOne Group Limited

Dennis Cohen

Laurie Wiggan

Tanya Cameron

Earl Jarrett

Leighton Davis

Tirzah Mahabeer

Edward Laughton

Luke Phillips

Twila Mae Logan

Elon Beckford

Mariame McIntosh Robinson

Vaughn Bennett

Erica Anderson

Mervyn Eyre

Walter Scott

Errol Powell

Michael Fennell

Wesley Hughes

Ferris J. Ziadie

Michele Marius

Yaneek Page

Radio Jamaica Limited (RJR/Gleaner Group) Rainforest Ramsay and Partners Real Decoy Global Services

Restaurants of Jamaica Ltd.

Software Apps and Product Factory Limited/ Cleared Identity Limited

Return on Investment Consulting (ROIC) Limited

Sol JAMAICA SRL (Former GB Energy)

Roar Unleashed

Soleco Energy (Jamaica) Limited

Rock Mobile Limited Royale Computers

Totally Male Limited Tran-scend AI Consulting Ltd

Veralink Limited

TCF Holdings Limited

Visual-Tech Solutions Ltd

The 4n6 Analyst

VM Group Limited

The Customer Experience Company Ltd

We Write Well

The Leap Company

Spaces Limited

The Speakers Academy

Spatial Innovision Limited

THREE: 23 Projects Limited

Wigton Windfarm Yualande Christopher & Associates

The Private Sector Organisation of Jamaica | 74 | 2025 Annual Report | Membership Listing

The Private Sector Organisation of Jamaica | 75 | 2025 Annual Report | Membership Listing

Audited Financial Statements

The Private Sector Organisation of Jamaica | 76 | 2025 Annual Report | Membership Listing

The Private Sector Organisation of Jamaica | 77 | 2025 Annual Report | Membership Listing

78 to109,

The Private Sector Organisation of Jamaica | 78 | 2025 Annual Report | Independent Auditor's Report

The Private Sector Organisation of Jamaica | 79 | 2025 Annual Report | Independent Auditor's Report

The Private Sector Organisation of Jamaica

Statement of Financial Position December 31, 2025

The Private Sector Organisation of Jamaica | 80 | 2025 Annual Report | Independent Auditor's Report

The Private Sector Organisation of Jamaica | 81 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Statement of Comprehensive Income

Statement of Changes in Funds

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 82 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 83 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Statement of Cash Flows

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 84 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 85 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 86 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 87 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 88 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 89 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 90 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 91 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 92 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 93 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 94 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 95 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 96 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 97 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 98 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 99 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 100 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 101 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Notes to the Financial Statements

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 102 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 103 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Income and Expenditure Account Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 104 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 105 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Income Tax Computation

Capital Allowances Computation

Year ended December 31, 2025

Year of Assessment 2025

TRN#000199737-0000

The Private Sector Organisation of Jamaica | 106 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 107 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica

Withholding Certificates - Interest

Year ended December 31, 2025

The Private Sector Organisation of Jamaica | 108 | 2025 Annual Report | Audited Financial Statements

The Private Sector Organisation of Jamaica | 109 | 2025 Annual Report | Audited Financial Statements

NOTES

Powering Jamaica Excelerate Energy is helping strengthen Jamaica’s energy future through reliable natural gas infrastructure – delivering secure, dependable energy solutions for businesses and industries.

LONG-TERM COMMITMENT

ENERGY SECURITY

RELIABLE ENERGY

ECONOMIC GROWTH

Investing in reliable energy infrastructure to support Jamaica today and for generations to come.

Strengthening Jamaica’s energy security through long-term gas supply agreements that support a more resilient energy future.

Delivering consistent, secure energy solutions that Jamaica’s businesses, industries and communities can count on.

Enabling investment, opportunity and sustainable growth through reliable energy infrastructure.

Enabling progress for generations to come. We’re committed to building a more secure energy foundation that supports growth, creates opportunities and powers a sustainable future for Jamaica. Learn more at www.excelerateenergy.com

The Private Sector Organisation of Jamaica | 110 | 2025 Annual Report

@excelerateenergyjamaica

The Private Sector Organisation of Jamaica • 39 Hope Road, Kingston 10