REPUBLIC BANK LIMITED
14
Directors’ Report
10 Largest Shareholders
Shareholder
Ordinary Shares
%
CLICO Trust Corporation Ltd.
40,072,299
24.79
National Insurance Board
29,104,942
18.00
CLICO Investment Bank Ltd. (In liquidation)
16,196,905
10.02
Trintrust Limited
14,922,619
9.23
First Company Limited
13,191,640
8.16
Colonial Life Insurance Company Ltd.
11,786,000
7.29
RBTT Trust Limited
5,983,649
3.70
First Citizens Trust & Merchant Bank Ltd.
4,408,625
2.73
Trinidad & Tobago Unit Trust Corporation
2,624,640
1.62
Guardian Life of the Caribbean Ltd.
2,020,559
1.25
Directors
In accordance with By-law No. 1, Paragraph 4.4, Nigel M. Baptiste, Dawn Callender and Terrence Farrell retire from the Board by
rotation and being eligible offer themselves for re-election for a term expiring at the close of the third annual meeting following
this appointment.
Alison Lewis was appointed a Director on July 1, 2014 to fill the casual vacancy created by the retirement of Stephen Pollard
on June 30, 2014. Likewise, Gregory I. Thomson was appointed a Director on August 1, 2014 to fill the casual vacancy created by
the retirement of W. H. Pierpont Scott on July 31, 2014. In accordance with By-law No. 1, Paragraph 4.4.5 both Ms. Lewis and Mr.
Thomson, having been appointed since the last meeting, retire from the Board and being eligible, offer themselves for re-election
for a term expiring at the close of the third annual meeting following this appointment.
Community Involvement
Corporate Social Responsibility – The Power to Make a Difference – 2014
Through our flagship programme, the Power to Make a Difference, the Bank has steadily met our commitment to alleviating
social ills by collaborating with Non-governmental and Community-based Organisations to address the problems in a structured
manner.
The Programme is executed in five-year phases, each of which involves a deepened focus on a particular societal need. At the
beginning of the new five-year phase (2014-2018), in order to more effectively address the root cause of the problems that exist, we
placed our main focus on the area of literacy.
Literacy is a basic human need and human right to knowledge. It gives one the ability to make decisions and to control the affairs
of one’s own life, economically, socially and politically. It is also the first step in the life-long earning process of any adult. Life without
literacy is one without hope, security and freedom.
Through collaborations with the Trinidad and Tobago National Commission for UNESCO, with their ‘Leading for Literacy’initiative;
Habitat for Humanity and their financial literacy training modules; various school upgrades and other initiatives, our broadened
focus has extended to literacy as an autonomous set of skills; as something applied, practiced and situated; as a learning process
and as text. The Adult Literacy Tutors Association (ALTA), for example, has implemented ‘Reading Circles’through which they provide
free literacy instruction to adults. The Bank has sponsored over 15 Reading Circles throughout the Nation, thus far.
Our Corporate Volunteerism programme has given Republic Bank employees, themselves, the opportunity to roll up their
sleeves and invest ‘sweat equity’, working alongside communities in order to improve facilities and enhance the general quality of
life.
With an investment of $100 million over the next five years, Republic Bank remains committed to deepening the relationships
that we have forged with various community and charitable organisations throughout this twin island Republic, as together, we
strive to provide a positive way forward for our citizens.
