CRICKET WEST INDIES CLEARS THE AIR
ST JOHN’s, Antigua – CWI never denied liability in the Phil Simmons’ dismissal affair for no other reason than to ensure an amicable resolution in the interest of West Indies Cricket. The negotiations with the former coach, Phil Simmons and his representatives are ongoing. While we have a hearing date for March 26, 2019, we are hoping to reach a settlement soon.
The Office of the President, like any other department, prepares a budget for its operations in any financial year. The budget is approved by the Board of Directors.
For the 2018/2019 period, a total of US$258,263 was budgeted. As of January 31, expenditure stood at $61,768. This cost includes travel.
In late 2017 the composition of Compensation Committee was agreed by the Board of Directors. The Chairman of Finance, Anand Kalladeen was appointed to chair the Compensation Committee. The other members were independent directors, Jennifer Nero and Milton Samuda. CEO, Johnny Grave sat in an advisory capacity. The President was not a member of the Committee and did not attend any meetings of the Compensation Committee.
In March 2018 the Committee reported to the Board of Directors and recommended an increase of stipends for all directors, including the President and Vice President. The recommendation was for a monthly stipend as follows:
- US$4,000 to the President
- US$2,000 to the Vice President
- US$700 to all other Directors
Said increase is not effective unless and until approved by Ordinary Resolution at an Annual General Meeting. At no time did the President recommend an increase for himself.
The Board of Directors wishes to reiterate that the President cannot and does not dictate or approve any increase in compensation or stipend for himself or other directors. He cannot and does not approve the budgets for his office or CWI. Any suggestion to the contrary is inaccurate and misleading.
In the 2017/2018 period, the President’s office had a budget of US$217,604 of which US$223,923 was spent. This money has been accounted for by the Office of the President.
All accounts of Cricket West Indies are audited externally by international auditing firm KPMG.