By Fareeza Haniff
[www.inewsguyana.com] – Cabinet has approved the establishment of an interim Board of Directors for the Guyana Office for Investment (Go-Invest), with the Minister of Business, Dominic Gaskin, having the authority to recommend as many members on the Board as he sees fit.
The life of the Board came to an end in 2014 and according to Minister of State, Joseph Harmon, the interim Board of Directors will be in operation for some six months and will include representatives from the Guyana Revenue Authority (GRA), Lands and Surveys Commission, Ministry of Foreign Affairs, Private Sector, Diaspora, the Opposition and the Ministries of Tourism and Business.
Harmon clarified that there is no limit to the number of persons who can sit on the Board, pointing out that while Minister Gaskin can make specific recommendations, it will be up to Cabinet to approve the Board members.
“There is no particular limit. The membership of the Board represents the membership needed to ensure that policy and guidance is given to the actual operation of the entity so there’s no major limitation on it but what we try to do is to make sure that the Boards are structured to ensure that they can give the guidance which the entity needs,” the Minister explained.
Go – Invest was established under the Public Corporations Act in 1994 as a semi-autonomous body and comes under the direct purview of the Office of the President. The Chief Executive Officer, Keith Burrowes recently resigned, shortly after the APNU+AFC took office.