TTMA AGM Report 2014
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TTMA’s Annual General Meeting stepped down, and they are as follows: Mr. Nicholas Lok Jack Mr. Craig La Croix Mr. Paul Quesnel Ms. Genevieve Jodhan
The Trinidad and Tobago Manufacturers’ Association (TTMA) proudly held its 58th Annual General Meeting (AGM) and AGM Business Breakfast on May 6th 2014 at the Hyatt Regency. Both meetings were well attended by a full complement of manufacturers and other representatives of the business sector, as well as specially invited guests from key stakeholder organizations throughout the country. Annual General Meeting (AGM 2014) The TTMA’s President for the term 20132014, Mr. Nicholas Lok Jack, delivered the President’s report on activities for the year, which highlighted the resounding successes the Association was able to attain in the areas of Trade Promotion, Business Development, Regulatory Reform, Advocacy for improvements in legislation and, most importantly, deepening the emphasis on service to the entire membership.
Of these persons, Mr. Quesnel and Ms. Jodhan did not stand for re-election. The TTMA’s Chief Executive Officer, Mr. Ramesh Ramdeen, thanked them both for their sterling contribution to the TTMA, and they were both presented with tokens of appreciation. Replacing them on the Board are Mr. Christopher Alcazar of and Mr. Travis Ali.
Mr. Christopher Alcazar
Mr. Travis Ali
Mr. Nicholas Lok Jack and Mr. Craig La Croix both stood for re-election and were duly reelected. By consensus, Mr. Nicholas Lok Jack was re-elected as President of the TTMA for a second term in office.
In terms of the constitution of the Board of Directors, four (4) members of the Board >> CONT. PAGE THREE
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TTMA’s Business Breakfast 2014
AGM Business Breakfast After brief remarks from Mr. Ramdeen, TTMA’s Chief Executive Officer, the newly elected President, Mr. Nicholas Lok Jack, delivered the opening address which was framed within the theme ‘Moving Manufacturing Forward.’ Mr. Lok Jack elaborated on his intentions, along with the Board and Secretariat, to provide lasting value to all of the TTMA’s members. Specific meetings are to be held at different locations across the country, described as ‘Cluster Meetings’, with a focus on enhancing dialogue between the membership and the TTMA’s Executive. The first was held in March of this year and, Mr. Lok Jack added, more will be held in the remaining quarters of 2014. Mr. Lok Jack also emphasized the need for the membership to supply the TTMA with relevant statistics to boost the Association’s efforts to provide meaningful support to manufacturing Business Development. In this regard, TTMA will be calling upon its members to provide data through various interventions in an effort to enhance service delivery. As far as trade development is concerned, there are preliminary plans to continue the missions which were re-started last year (Suriname). The objective of these missions is to seek new markets for its members. Another major issue elucidated by the President was that of labour. TTMA is currently engaging both the Metal Industries Company (MIC) and the Arthur Lok Jack Graduate School of Business to identify possible solutions to labour shortages that exist on all levels of business. TTMA is committed to this cause as well, in the knowledge that labour remains a core driver of success in 21st century manufacturing growth. Challenges in the foreign currency market were also addressed. Mr. Lok Jack spoke to TTMA’s commitment to working with the Central Bank and other financial institutions to resolve the supply constraints that exist, so as to get past this major impediment to foreign business.
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TTMA’s Business Breakfast 2014 cont’d Howai with a token of appreciation and thanked him for his commitment to work with the Association in the year ahead.
TTMA President & TTMA director Ms. Costelloe presents Minister Howai with a token of appreciation
Senator the Honourable Larry Howai, Minister of Finance & the Economy addresses the audience
Delivering the feature address was the Honourable Larry Howai, the Minister of Finance and the Economy. Minister Howai spoke affirmatively about the Government’s management of the economy and, in particular, his Ministry’s plans to deal with some of the issues affecting manufacturing. Like the TTMA President, Minister Howai addressed the foreign currency issue briefly, as well as plans to deal with problems at Customs and Excise (including the implementation of container scanners) and the Board of Inland Revenue (responsible for administering the VAT system). Subsequent to his presentation, the TTMA President presented Minister
Mr. Lok Jack then closed by thanking the TTMA’s Board and Secretariat for its unrelenting commitment to serving the membership’s needs. Indeed the year ahead looks promising as this Association continues to be the voice of manufacturing growth and sustainability in Trinidad and Tobago. This was followed by Ms. Costelloe’s Vote of Thanks. She thanked the two major sponsors for the event, CIBC – Mr. Duane Hinkson and TCL – Mr. Rodney Cowan for their tangible support. Also the staff and Board of Directors were complimented for the efforts in staging the event and making it the success it was. Special thanks to our sponsors:
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The TTMA Secretariat
“You all planned and executed a memorable AGM and Breakfast and this was only possible because of the efforts by everyone under good leadership. I am indeed most pleased to see the TTMA as a force again indicated by full rooms for the AGM and Breakfast. Congrats guys very well done.” - Amjad Ali, Director, Advance Foam Limited “Congrats to you and your team on a well executed AGM.” - Trevor A. Townsend, Chief Executive Officer, Trinidad Aggregate Products Limited “The Business Breakfast was a very positive and informative experience.” - Johann Barrow, Operations Manager, Safetrain Services Limited “The AGM was quite good, short and to the point. Well done.” - Hayden Charles, Marketing Manager & Director, Solo Beverages Limited “The TTMA meeting was well planned, organised and executed. The efficiency and smooth flow of the program and morning activities is testament to your capabilities as CEO of this leading organisation. I thoroughly enjoyed the informative and insightful speech by the President Nicholas Lok Jack (the four Ps) and the speech by Senator The Honourable Larry Howai, Minister of Finance and The Economy. I do look forward to a long mutually beneficial relationship with your organisation. Congratulations once again on a job well done.” - Mr. Nigel Salina