Chartered accountant Christopher Ram believes there is need for rules for the governance of state- owned enterprises in the wake of the ongoing saga surrounding the Head of the National Industrial and Commercial Investments Limited (NICIL), Winston Brassington and the quest to find out how his brother got wind of an investment opportunity in Hand in Hand Trust Company Inc.
“We need to have rules of governance of state-owned or controlled enterprises. The head of one state body should never be placed in a position where he or a family member has to use their personal resources to save a regulated financial business as the Brassingtons claim to have done,” said Ram in a recent Sunday Stabroek column.
Brassington’s brother – a US- based entrepreneur in the IT sector – invested in HIHT. Winston Brassington has