“In the end, the final decision on divestment will be made by the Cabinet of Antigua and Barbuda and my Board and I will be informed at the appropriate time of their decision.”
This was part of a media statement from Chairman of the State Insurance Corporation (SIC) Pedro Corbin, after Caribarena.com reported that he had acknowledged the conflict of interest between his position as general manager of Goddard Catering and SIC chairman.
Implementation Officer in the Prime Minister’s Office Ambassador Joan Underwood had explained that Corbin made it clear that he would not take part in discussions having to do with the possible sale of the statutory entity.
“It was agreed that when we get to the stage where we were looking at potential buyers, he would not be a part of the process. It was his suggestion,” Underwood had said.
But when Caribarena.com sought to find out exactly what Corbin meant by “I will be informed at the appropriate time of their decision,” and whether this confirms Ambassador Underwood’s report that he would remove himself from certain discussion, our inquiries were dismissed.
“I have sent you a statement. That is a statement. I have nothing more to say to you… My statement speaks for itself,” he told Caribarena.com.
In the statement, Corbin sought to distance the company over which he has managerial oversight from its parent company, which owns 45 percent shares in Sagicor General.
Corbin said he has been general manager of the Goddard Catering Group (Antigua) Ltd since 1983, and was appointed to chair the SIC board in 2004.
“Goddard Catering Group (Antigua) Ltd is a Subsidiary Company of Goddard Enterprises Limited. In my capacity as General Manager, I report directly to the Divisional Manager for the catering division of Goddard Enterprises Limited who is based in Miami," the statement said. "My responsibility is for the daily operations of Goddard Catering Group (Antigua) Ltd. In this job I have no connection whatsoever to any of the other subsidiary or associated companies of the Goddard Group other than those in the Catering Division."
Below is the press release issued by Mr. Corbin:
State Insurance Corporation Chairman Clears the Air
Over the past two weeks, there have been a number of comments and statements emanating from various quarters including some media houses which contain a number of false statements and inaccuracies concerning my involvement with the State Insurance Corporation.
I would therefore like to take this opportunity to clear the air on these falsehoods by explaining my roles with the Goddard Catering Group (Antigua) Ltd and that as Chairman of State Insurance Corporation as it relates to the planned divestment process at State Insurance Corporation..
I, Pedro Corbin, am the General Manager of the Goddard Catering Group (Antigua) Ltd; a position I have held since 1983.
I was asked to serve as Chairman of the Board of State Insurance Corporation and was appointed by the Government of Antigua and Barbuda to do so in 2004.
Goddard Catering Group (Antigua) Ltd is a Subsidiary Company of Goddard Enterprises Limited. In my capacity as General Manager, I report directly to the Divisional Manager for the catering division of Goddard Enterprises Limited who is based in Miami. My responsibility is for the daily operations of Goddard Catering Group (Antigua) Ltd. In this job I have no connection whatsoever to any of the other subsidiary or associated companies of the Goddard Group other than those in the Catering Division.
Sagicor General is an Associated Company of Goddard Enterprises Limited which owns 45% shares with Sagicor Life Insurance owning the remainder. Goddard Enterprises Limited is not involved in any way in the Executive Management of Sagicor General consequently and by extension I have no association with or influence on anything that is done at Sagicor General.
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