OCM publishes reports to shareholders on a quarterly basis. Publication is made in the leading newspapers in Trinidad and Tobago and Barbados approximately 3 weeks after the end of the relevant quarter. Publication is also available on this website. In Trinidad and Tobago, the results are published in TT dollars as required by law. In Barbados and on the website, the results are published in US dollars.
Financial Results are available for download from the Investor Relations section.
OCM is committed to the payment of a reasonable dividend to our shareholders consistent with the performance of the company and with the retention of sufficient profits to maintain and build a strong capital base. In this regard, the Board anticipates that the Company will pay dividends twice yearly, in the form of an interim dividend and a final dividend. The levels of dividends will depend on the financial performance of the Company; however subject to profitability and no unforeseen adverse circumstances, dividends are expected to be in the vicinity of 50% of after-tax profits.
One Caribbean Media is committed to the maintenance of strong corporate governance practices that allocate rights and responsibilities among the company’s stockholders, Board of Directors and management in a manner that enhances shareholder value. Accordingly, our corporate governance practices are designed not just to satisfy regulatory requirements, but to provide for the effective oversight and management of the company.
BOARD of DIRECTORS
The Board of Directors comprises nine (9) members, of which three are executive and six are non-executive.
OCM maintains the following standing committees of the Board of Directors:-
- Governance Committee: this committee is responsible for ensuring that the company’s policies and practices in the conduct of its affairs conform to statutory requirements and to best practice. This committee also deals with compensation and recruitment of senior executives.
- Strategic Investment Committee:- this committee reviews proposals for acquisitions, mergers or strategic alliances, as well as oversight of financial matters.
- Audit Committee:- this committee is responsible for all internal and external audit matters.