A statement from Cricket West Indies (CWI) regarding the article – CWI admits liability in Phil Simmons’ dismissal affair
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.