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CLICO Policyholders Monitoring Selection of New FCB Board Members

Peter Permell

Peter Permell

The CLICO Policyholder’s Group says it is closely monitoring the process to select new people that will serve on the board of state owned First Citizens Bank.

Earlier this month, four board members at F.C.B. including the Chairman, were dismissed during the institution’s Annual General Meeting held at the National Academy for the Performing Arts in Port-of-Spain.

Their dismissal came following controversy at the commercial bank over the purchase of thousands of shares by a former top ranking company official who was fired from the bank on March 25th  following an internal investigation.

However, Chairman of the group, Peter Permell, in a News Power Now interview on Tuesday, said he is in support of one of the candidates put forward to fill the position of F.C.B.  Chairman.

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Mr. Permell said the group is carefully monitoring the selection process.

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CLICO Policyholders Group Chairman, Peter Permell

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