CWI calls for CEO to undergo Financial Management training

first_img… Recommendation comes ahead of next month’s start to 50% pay-cutsBy Clifton RossCRICKET West Indies’ (CWI) woes seem to be piling up as an internal report recently called for CEO Johnny Grave to undergo financial management training, at the board’s expense.According to a trustworthy source within the echelons of Windies cricket, Chronicle Sport was informed that the recent proposal stemmed from CWI having to cut back on their finances by 50 percent, effective from July 1, 2020.The assessment was done by a special committee that was set up specifically for conducting a performance analysis for the Englishman Grave and CWI director of cricket Jimmy Adams.It is also believed that CWI wants to ensure that the CEO is suitably equipped and capable of managing the financial situations of the board and focussing more on increasing revenue; while allowing others to share responsibility regarding other logistical matters that may arise in running the day-to-day operations of the sport.Former CWI CEO Michael Muirhead was a Banker by profession which helped him survive during his tenure.CWI’s Board of Directors sought recommendations from the Financial Strategy Advisory Committee (FSAC) back in April by CWI president Ricky Skerritt regarding measures to ensure the board properly managed its resources while continuing its operations over the next few months in wake of the COVID-19 pandemic.On May 28, following a meeting with all parties the CWI announced a temporary 50 percent reduction in salaries and cricket funding across the entire regional cricket system, effective from 1st of next month.According to CWI, the devastating economic challenges which have been realised due to COVID-19 have forced the executives after talks with shareholders to sadly agree upon the decision.The verdict, CWI believes, will preserve the future of Windies cricket, while still affording the tiniest levels of job protection for those working or contracted within the West Indies cricket community.More so, it was noted by CWI that the pay-cuts and setbacks could likely last between three to six months and some of the new changes include; a 50 percent reduction in funding for Territorial Boards, Territorial Board Franchises and West Indies Players Associations (WIPA). There will also be a 50 percent cut in all retainers and allowances for directors and executive management within CWI.Due to the recent financial issues, CWI who usually sees an annual turnover of about US$45M, requires professionals to now ensure prudent management especially in generating new revenue streams and with Grave’s background mostly recognised in players’ relations; the board could want their current CEO to be like others who were financial figures in the past.In the past, former CWI president Dave Cameron’s day job when not involved in CWI affairs was that of a financial analyst, using his professional skills in the economic world to help better his skills as head of the regional cricket body.Much like Cameron, previous CWI CEO Michael Muirhead was a banker by profession and it reflected as he too did a fair job during his tenure in the position, with regard to keeping the board’s finances intact and funded; despite challenges.With the position of CEO being a tricky one, CWI should mull the idea of sticking to their old plans and keep a professional pecuniary in position of Chief Financial Officer (CFO) as to further lend the much needed assistance to the current or future CEO; given that the current executives seem to be ill-equipped with post-apocalyptic measures.In all, the next few months will be the roughest it’s ever been financially for all who share in West Indies cricket, due to the pandemic and executives as well as players will need to come together and formulate a plan for the longevity of cricket, on and off the field.last_img read more

Promotion of the Book on Sports Champions of B&H to be held

first_imgThe promotion of the second, revised edition of the book “Sportskivremeplov.ba” written by Muhamed Bikić is to be held at the Motel Centar in Vareš today, starting from 18 o’clock, announced the author of this book.Guinness record holders Muhamed Kahrimanović and Edin Kajević are promoting the book about BH sports champions in Vareš.This interesting book was earlier promoted in Sarajevo, Bugojno, Breza, Mostar, Zenica, Plav, Travnik, Visoko, Zavidovići, Kakanj, Odžak, Ilijaš, Tuzla and Goražde.(Source: nap.ba)last_img

Traditional Chiefs Want Article 30 Revisited

first_imgTraditional leaders of Liberia are opting for a Constitutional review process aimed at amending Article 30a of the 1986 Constitution.Article 30a requires that “Citizens of Liberia who meet the following qualifications are eligible to become members of the Legislature: (A) For the Senate, have attained the age of 30 years and for the House of Representatives, have attained the age of 25 years.”According to the Chairman of the National Traditional Council of Liberia (NTCL), Chief Zanzan Karwor, the required age for those wanting to occupy said position is “solely responsible for the unpleasant behavior of lawmakers on Capitol Hill.”He noted that until the required age is adjusted through a constitutional process, the conduct of lawmakers, particularly those of the House, will continue to bring shame to the Liberian society.In his wisdom, Chief Karwor believes that more values need to be added to the first branch of government so that the conduct of business in both houses could represent the views and aspirations of the entire country.“How can a 25 year old be representative in the House and all they do there is about boyfriends and girlfriends business. Whole day in the House, all we find them doing is fighting over money; everyday money, money business. We need to look at that part of the Constitution that talks about who is qualified to be lawmaker. If we do that, we will stop plenty of the things that [are] going on in the House,” the Traditional Chief declared.Judging from these situations in the country, Karwor said, “Liberia is now beyond repair and things are not improving.”The Traditional leaders’ assertion is in response to recent standoff on Capitol Hill involving Representatives Roland Opee Cooper and Bill Corneh, of Margibi and Bong Counties respectively.In that commotion, it was established that Opee Cooper physically assaulted his Bong County counterpart when Corneh attempted to calm him (Opee) doing a heated debate in the House’s chamber.According to Chief Karwor, such action does not represent a group of people with high moral integrity, and as such, Liberians must consider changing the rules in order to bring dignity to the Capitol Building.Chief Karwor made the assertions yesterday at a two-day forum organized by Liberia Extractive Industries Transparency Initiative (LEITI) held under the theme: “Working with Traditional leaders to enhance citizens’ participation in LEITI implementation.”  According to LEITI Head of Secretariat Konah D. Karmo, traditional leaders’ participation in LEITI implementation remains cardinal to the work of the organization.Presenting a lecture on the topic: “The LEITI Process — A benefit for every Liberian”, Karmo encouraged traditional leaders to lead the way in making sure that companies and concessionaires abide by commitments on the book for affected communities and people.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more