DeLisle stays

Court grants Governor temporary reprieve

The economic axe has fallen.

However, it is now for the High Court to decide whether Minister of Finance Chris Sinckler and members of the board of the Central Bank of Barbados acted within their rights in demanding the head of Governor Dr DeLisle Worrell on the proverbial silver platter.

Sinckler, at the insistence of other members of the board of the monetary authority, reportedly met with Worrell last Thursday to inform him that his services were no longer needed, and that he had until Monday to either resign or be forced out of office.

However, that order was met with defiance on the part of the Governor, who immediately embarked upon a legal course of action, challenging the right of the minister to oust him.

AT ODDS: Central Bank Governor Dr DeLisle Worrell and Minister of Finance Chris Sinckler.

This led to the convening of a special High Court sitting on Sunday evening at which the Governor, through his attorney Gregory Nicholls, argued for and was granted a temporary injunction, barring Sinckler and the six-member board of the Central Bank from taking any further action to dispose of him – at least for another two days or until the court could be satisfied that there were reasonable grounds for removing him.

In making the ruling on the urgent application, Justice Randall Worrell also gave Sinckler until Wednesday morning to come up with a satisfactory explanation as to why the Governor was being removed.

Efforts today to get a response from Sinckler were unsuccessful.

However, speaking on behalf of the Governor, Nicholls said his client had fallen victim to abuse of power on the part of the Minister of Finance.

He further argued that Worrell had done nothing wrong, was neither guilty of an act of serious misconduct nor had he proven himself incapable of carrying out his functions; therefore there was no reason to support his dismissal.

“Because they disagree with him on how an HR [human resources] matter is dealt with or a statement that he has made in public, none of the directors of the board have the capacity or the competence in economic matters. They are there to help with the management of the bank, make sure that the bank is well run, to ensure that the bank’s staff are properly appointed and have the proper facilities etc, but in terms of commenting on the monetary and economic activities and performance of the Barbados economy, the Governor does not need the concurrence of the board to speak on those matters,” Nicholls explained.

He further accused the Minister of Finance of seeking to make the Governor an economic scapegoat, even though he was adamant that his client was not responsible for the country’s worsening economic situation.

“Economic policy in Barbados is led by the Minister of Finance and the Government. If that policy fails you can’t blame the person who is the watchdog and the monitor of economic activity and who is providing economic advice,” he told Barbados TODAY.

Nicholls also took issue with the way in which Worrell’s dismissal was handled, while pointing out that the procedure for getting rid of any member of the board, including the Governor, was clearly set out in the Central Bank Act.

“They would have to pass a resolution at the board after having satisfied themselves that he is guilty of misconduct or that he is unfit to carry out his job,” he said, adding that the Governor, who is Chairman of the Central Bank board, would have to recuse himself to allow the process to go forward.

However, he said no such procedure was followed, while suggesting that if anyone were to blame it was the Minister of Finance, who is responsible for the country’s economic situation.

“The Minister cannot avoid his duty under Section 49 of the Act by getting rid of the Central Bank Governor because he does not like what the policy of the bank is.

“So if the Bank is saying, ‘look, we are being now more cautious than ever because of the state of declining reserves that we can no longer afford for us to run a $700 million deficit on the bank’s accounts because you are asking us to print money and the Minister of Finance disagrees, then the Act allows the Minister of Finance to issue a directive to the Central Bank Governor, which by law he would have to comply with. But if he [the minister] doesn’t do that then he can’t ask the man to leave.

“We are creatures of the law,” Nicholls stressed.

However, while the Governor believes he has “a very solid case” for holding on to his job, at least one senior Government official suggests otherwise.

Speaking to Barbados TODAY on condition of anonymity, the official questioned if this were the same Governor who had “refused to talk to the media and refused to talk to his staff”, saying he would not regret one bit seeing the back of him.

In fact, the official said he was never in support of the renewal of his five-year contract back in 2014 “when he was going to war with every media house”. He also suggested that the Employment Right’s Act was flawed but said something needed to done to about the Central Bank’s structure since it was the only statutory board where the chairman was also the chief executive of the institution.

“I think they need to look at that,” he said.

Monday, sources within the Bank also described the situation there as tense, while highlighting the recent firing of the Human Resources Manager Janis Marville as the proverbial straw that broke the camel’s back. They suggested that Worrell had not only lost the confidence of the Minister and the Board but also the Bank’s senior management and that owing to his management style, as well as his questionable spending and decision-making, “morale in the bank is in complete tatters”.

The Board is to meet Tuesday ahead of Wednesday morning’s court session.

kaymarjordan@barbadostoday.bb

17 Responses to DeLisle stays

  1. Keith Forde
    Keith Forde February 14, 2017 at 5:02 am

    FINANCE MINISTER,DO THE RIGHT THING.( RESIGNED)

    Reply
  2. Santini More
    Santini More February 14, 2017 at 6:23 am

    What a total bloody mess! This whole affair is symbolic of the economic state of Barbados. At a time when our currency is under severe pressure and our foreign reserves are on vapours, this situation with Delisle and Sinkler is ruinous. Any PM who was worth his salt would ensure that both Delisle and Sinkler step down with immediate effect for the sake of Barbados….Captain the ship is sinking!

    Reply
  3. harry turnover February 14, 2017 at 6:38 am

    The Finance Minister is not going to resign for if he does the PM will have to call elections as others will follow.
    If any firing ,the DOCl and the WHOLE Board should be FIRED

    Reply
  4. Tsa Harris
    Tsa Harris February 14, 2017 at 7:34 am

    A mess

    Reply
  5. Donild Trimp February 14, 2017 at 9:52 am

    I believe Barbados is being governed by educated fools and that Dr.Worrell is getting a raw deal from the Minister.

    Having said that, employment law is harsh.

    An employer can dismiss an employee without cause or for cause.

    If the employee is a contract employee, the contract is paid out, if the employee is salaried, severance is paid out.

    No other monies are paid out unless the human rights code is violated.

    Based on employment law, there is no obligation for an employer to keep a person employed.

    Luckily for Dr Worrell, this is Barbados currently operating like a banana republic so I would hazard a guess that he is ok.

    Reply
  6. Richard Johnston February 14, 2017 at 9:55 am

    The Chairman of the US Federal Reserve Bank is appointed for a set term and cannot be fired. There is a good reason to separate the banking function from the finance function. Otherwise put, what’s the use having a head of the central bank if that person can be dismissed at will by a finance minister?

    Reply
  7. Alex Alleyne February 14, 2017 at 9:55 am

    BOTH need to be fired. The mess will continue if one stay. A clean sweep is needed.

    Reply
  8. Gearbox1964 February 14, 2017 at 10:07 am

    Simple solution: Tell Fundel tuh ring de bell!

    Reply
  9. Peter February 14, 2017 at 10:10 am

    Zeus. Zeus… Where are you. Let us hear or see your solution to this burning problem. Oh I see DEM is your god so there is no problem. DEM is just fine.. Your head is still underground.

    Reply
  10. Sunshine Sunny Shine February 14, 2017 at 11:19 am

    Not surprise. The CBG decided to sing from a different hymn sheet and the director said- OFF WITH HIS HEAD!

    Reply
  11. Ossie Moore February 14, 2017 at 11:30 am

    Well down in de gully Ada sow hog done get eat so it’s big fight fur de legbone

    Reply
  12. antoinette sealy February 14, 2017 at 12:06 pm

    It is time for Barbados to quit CSME. We should have a referendum on a BAREXIT similar to the BREXIT in the U.K . We are not benefiting in any way from being a member. Jamaican ladies of the night and Guyanese farmers are sending back thousands of U.S dollars to their respective countries. I am calling on the new political Parties to make BAREXIT priority number one in their manifesto. I traveled on the Holetown bus last weekend to attend the festival and could not understand a word of what the busload of JA prostitues were saying. I would like the RBPF to investigate where they are practicing their trade on the West coast and have them deported.

    Reply
  13. sunshinecanada February 14, 2017 at 2:08 pm

    Gearbox1964, He can’t ring na bell, he is not the boss, his job is to eat and sleep, easy come, hard go,

    Reply
    • Gearbox1964 February 14, 2017 at 3:49 pm

      But he could still ring de bell regardless uh who doan like it…de ting is that he too wants to continue collecting dat big salary every month right down to the last possible day…cause DEM know they can’t win de next election. Money before country.

      Reply
  14. Realist February 14, 2017 at 5:04 pm

    Two dummies fighting for the title of “Most Stupid and Duncy.” Stay away from these two fools, for you won’t find knowledge on their big thick lips.

    Reply
  15. CHARLES WORRELL February 14, 2017 at 5:52 pm

    AN OPEN NOTE TO MESSERS WORRELL & SINCKLER.
    Gentlemen, we are at a place that can only be categorized as untenable. For whatever reason, the situation has been allowed to get out of hand. The is not be to be taken lightly as the financial life of Barbados is at state not only locally but to those looking on with intentions perhaps of working with us. Gentlemen, this situation MUST be brought under control and maturity must reign.
    Mr. CEO, you are experienced and talented in your work and you are committed to the well being of BARBADOS. Please use ALL your resourcefulness to set aside animosities and give Barbados a chance to get back on its feet. Be prepared to go the extra mile if this is what it takes. Please Barbados in ALL you do and say.
    Mr. Minister, you have been invested with the Financial management of our country, and this is to be respected. Yes, there are areas in which many believe some missteps have been made. No one thinks you are above error and conversation and open mindedness can make this right again.THIS IS NOT ABOUT EITHER OF YOU; THIS IS ABOUT OUR COUNTRY AND IF YOU ALLOW THIS TO RIP THIS COUNTRY ANY FURTHER, YOU WILL NOT BE HAPPY WITH THE OUTCOME.
    Mr. Minister, please review the issues; sit with the Governor and lets get these matters out and fixed once and for all. Remember, this Governor has protected the Barbados time and again and WE NEED this caliber of person at the helm of this institution. THIS IS NOT THE TIME TO ALLOW POLITICAL BIAS OR SMALL STUFF TO GET IN THE WAY. GIVE him the opportunity to show why he has taken the decisions he has and evaluate them within the framework of what our country needs. PLEASE DO NOT ALLOW THIS MESS BECAUSE SOMEONE IS SOMEWHERE WAITING IN THE WINGS BUT WHO CANNOT HANDLE THIS JOB IN THE WAY AS THIS CEO HAS.
    OUR COUNTRY IS IN TROUBLE and needs refined leadership and maturity, LETS SEE YOU BOTH STEP UP TO THE PLATE AND SHOW WHY YOU HEAD THESE DEPARTMENTS.
    DR. DELISLE WORRELL AND MINISTER CHRIS SINCKLER, SHOW BARBADOS WHY IT SHOULD NOT BE WORRIED; SHOW US WHY WE ARE IN GOOD HANDS. BRING A HALT TO POLITICAL PARTISANSHIP for the consequences will not be digestible.

    Reply
  16. Troy February 14, 2017 at 8:43 pm

    Once upon a time in a country called Sodabrab there was a war between the Central Bank’s Governor – Deliar Worried and the Minister is Finance – Crisp Stinkliar. They lied so much to the citizens of Sodabrab that eventually the lies caught up with them . The country was in serious debt and the ruling party didn’t know what to do. Elections were called and a new and vibrant party won the election and the people lived happily ever after…..

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *