Senate recognises OECD's shifting compliance demands
Senate recognises OECD’s shifting compliance demands Article by The Senate on Friday approved amendments to the Companies Act to further ensure businesses operating here are in compliance with the requirements of the Organisation for Economic Cooperation and Development’s (OECD) ‘moving goal posts’. Three senators, Lisa Cummins, Caswell Franklyn, and Kevin Boyce, all spoke of shifting targets in this latest OECD prerequisite for changes in legislation as the island continues to adapt to escape financial blacklisting. Noting that Barbados already has legislation governing bu...