18 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED review and alignment with our funding priorities, three (3) community-based projects were successfully implemented. These projects reflect the Foundation’s holistic approach to community development— supporting youth, seniors, and vulnerable populations alike. Here’s a quick look at the impact we’ve made: • BARP Business Centre: In partnership with the Barbados Association of Retired Persons, we established a dedicated centre to empower our older adults. This space provides access to technology, skills training, and personalized support, helping seniors confidently navigate the digital world and stay active and engaged. • Sheltered Workshop – Psychiatric Hospital: This project created a supportive work environment for individuals recovering from mental health challenges. By offering vocational training and therapeutic activities, it helps promote reintegration into society, reduces stigma, and encourages long-term independence and social inclusion. • New Growth Aquaponics & Farming Project – Grantley Adams Memorial School: This innovative school-based agricultural project introduces students to aquaponics and sustainable farming. It’s a hands-on learning experience that not only boosts STEM (Science, Technology, Engineering and Maths) education and environmental stewardship but also provides fresh produce to the school and local community. Together, these three projects represent a significant investment of Barbados $207,400 in our communities. As we look ahead, Legacy Foundation remains dedicated to finding new opportunities to advance our philanthropic mandate and expand our partnerships. It is truly inspiring to see the tangible difference we are making, and we will continue to monitor the progress of these funded initiatives to ensure their long-term success and continued positive impact. Thanks you for your support and our shared commitment to building stronger communities. Updates to 2024 Key Matters of Significance The below table provides an update to the Key Matters of Significance raised by the Supervisory Committee at the last Annual General Meeting. Page Section Supervisory Committee Report Extract Status 40 3.1 Fraud Risk Management • Updating the Fraud and Whistle-blower policies • Education of staff and members • Implementation of a fraud risk awareness training • Monitoring of adherence to all policies Partially compliant 41 3.2.1 Corporate Governance Structure • ensure alignment with the demands of a DNB-SIFI and the 2023 FSC Corporate Governance Guidelines. Fully Compliant 41 3,2,2 Changes to the Board of Directors and Senior Management • once a member is no longer an elected official of the BOD of the BPWCCUL, that member should not continue to have a seat on any other BPWCCUL Group BOD unless approved by the current BPWCCUL BOD Fully Compliant 42 3.2.3 Directorships on Multiple Entities • Ensure that the number of interlocking directorships that exists across the BPW Group is limited to three (3) Fully Compliant 45 3.2.4 Corporate Governance – Implementation of Members’ resolutions and motions passed at the December 2022 and January 2023 AGM • Circulation of the Member approved resolutions in print media and having them brought up for approval at a Special General Meeting; and • Provision of a step by step guide to Members to explain the process for putting forward a resolution. Partially compliant Board of Directors’ Report (Continued)
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