Lindsay steps down from government boards Loop Cayman Islands
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Alric Lindsay, who serves as a director to Cayman based investment funds, steps down from all government boards in the fourth quarter of 2022
Alric Lindsay, who serves as a member of the Grand Cayman Liquor Licensing Board, Utility Regulation and Competition Office (“OfReg”) and National Roads Authority (“NRA”) confirmed that he has resigned from those roles, effective this fourth quarter.
Lindsay explained to Loop that, “although board resignations are sometimes accompanied by some form of controversy, there was no quarrel in this case.”
He further explained: “My time on these boards was rewarding because of the opportunity it gave me to serve the public interest. In doing so, I realized that I had to balance the perception of members of the public that board members should be doing more and the reality that there are limitations under the Public Authorities Act as to what government boards are permitted to do. In any event, I enjoyed helping the boards implement what they could within the boundaries of the Act.”
During his time, in particular as chairman of the NRA, Lindsay encouraged full transparency, accountability and worked to improve public engagement.
Going forward as a non-board member, he said that he “hoped that this transparency would continue and ultimately, revisions would be made to the Public Authorities Act to allow all agreements between government entities and third parties to be published so that members of the public could understand how public funds are being spent and whether value for money is being obtained.”
Lindsay, whose non-governmental board job has always been as a director of Cayman-based investment funds, said he will now turn his focus to more volunteer activities in the community, including with non-profit organisations where he currently delivers meals weekly to the elderly and shut-ins.
His resignations from government boards are effective on the following dates:
Grand Cayman Liquor Licensing Board: October 31, 2022OfReg: October 31, 2022NRA: November 30, 2022
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