The Voice Newspaper carried a story headlined “Three New Shareholders elected to the Board of 1st National Bank of Saint Lucia” in its edition dated 12th February 2025.
Unfortunately, this story was premature in its conclusion. While it is correct to say that the three persons named were selected by popular vote of the shareholders of 1st National Bank of Saint Lucia at the recent Annual General Meeting, that selection did not, in itself, result in the three persons taking their places on the Board of Directors of the Bank.
The Voice has been advised that prior to any selectee of the shareholders of a local bank taking his or her place on the Board of Directors, a process of due diligence must be carried out by the Eastern Caribbean Central Bank, the regulating authority of banks in Saint Lucia. The due diligence exercise has yet to be carried out, and so the Article was premature in its conclusion.
The Voice sincerely regrets the misleading effect of the Article and apologises to all persons adversely affected by its error.