Jamaica Mortage Bank

NAME OF FEATURE | THE GLEANER | SUNDAY, JUNE 6, 2021 12 JAMAICA MORTGAGE BANK 50TH ANNIVERSARY T HE BOARD and management teamof the JamaicaMortgage Bank are committed to exe- cuting their respective functions by adopting and practising sound and probative corporategovernanceprin- ciples and guidelines. The Corporate GovernancePrinciples andPolicies fol- lowed by the bank were established in accordance with the provisions of the Jamaica Mortgage Bank Act, the Public Bodies Management and Accountability Act, the Government of Jamaica’s Corporate Governance Framework and International Best Practices.The JamaicaMortgageBank acknowledges that adopting a strong corporate governance framework is necessary to ensure that it carries out its mandate responsibly and ef- fectively to meet the expectations of its shareholders and stakeholders, as well as to engender investor and public confidence. Evidence of the JMB’s consist- ency in upholding strong corpo- rate governance principles is seen in the awards received over the past four years’ staging of the Ministry of Finance and the Public Service/ Private Sector Organisation of Jamaica’s Public Bodies’ Corporate Governance Awards. CORPORATE GOVERNANCE Corporate Governance Awards 2017 Corporate Governance Award 2018 Corporate Governance Award 2020 2017: 1st runner-up in the category Board Composition, Function and Structure 2018: 1st runner-up in the category Board Composition, Function and Structure 1st runner-up in the Category Risk Measurement, Management and Internal Controls 2019: Most Improved Public Body 2nd runner-up in the Category Risk Measurement, Management and Internal Controls 2020: 1st runner-up in the Category of Compliance and Disclosure of Information. Evidence of the JMB’s consistency in upholding strong corporate governance principles is seen in the awards received over the past four years’ staging of the Ministry of Finance and the Public Service/Private Sector Organisation of Jamaica’s Public Bodies’ Corporate Governance Awards.