The Neal &
Massy Foundation (the Foundation) was formed in 1979, two decades before former
UN Secretary General – Kofi A. Annan challenged companies to focus attention
toward Corporate Social Responsibility by signing the Principles of the Global
Compact. Neal & Massy’s leadership
must be credited for their vision, which sought to encompass more than the traditional
focus on shareholder value. Through the Foundation, the Neal & Massy Group
reached out and worked alongside external community partners.
Corporate Social Responsibility is defined
as the concept whereby organizations consider the interests of society by
taking responsibility for the impact of their activities on customers,
employees, shareholders, communities and the environment in all aspects of
their operations. This obligation is seen to extend beyond the statutory
obligation to comply with legislation and sees organizations voluntarily taking
further steps to improve the quality of life for employees and their families
as well as for the local community and society at large.
The Foundation’s particular focus, when
created, was to assist in the functionality of non-governmental organizations
(NGOs), schools and religious bodies. Today, our work is wholly in keeping with
our mission and the whole idea of Corporate Social Responsibility and has
evolved to focus on fulfilling the following objectives:
relief of poverty, suffering and distress and the provision of financial and
other assistance for disadvantaged persons and their dependants in Trinidad and Tobago
advancement of education in Trinidad
advancement of religion in Trinidad
would be not be as successful as it is today without the continued support of
the Group’s strength and versatility, its patriotic roots, its employee
diversity and its empowered leadership.
The Foundation was
incorporated as a company limited by guarantee on June 18, 1979, and was
continued under the provisions of the Companies’ Act, 1995 on April 16, 999. It
is approved by the Board of Inland Revenue as a charity under Section 6 of the
Corporation taxes Act. The registered office of the Company is situated at 63 Park Street, Port
of Spain, Trinidad.
The Foundation’s auditors are Price Waterhouse Coopers, based at 11-13 Victoria, Port of Spain, Trinidad.
Its “members” are
the Neal & Massy Group’s subsidiaries who recommend appointments to the
Board. The Board is independent of Neal & Massy and makes appointments to
fill casual vacancies. The Chairman is elected from among the Directors and is
independent of the contributing members of the Neal & Massy Group.
first Board meeting took place on Monday October 8, 1979: Group CEO at that
time was Sidney Knox. Five Directors drawn from a cross-section of the national
community were appointed, and these founding champions of the Neal & Massy
Foundation were: Karl de la Bastide, Ken Gittens, Mervyn McConnie, Geoff
Inglefield and Philip Rochford.
Other Directors who
have selflessly contributed their time and service and have recently retired
are George Phillips (Chairman), Sister Paul D’Ornellas, Mortley F. De Peaza and
Jewan R. Singh. Those presently serving are Gaston
Aguilera (Chairman), Dr. Elsa Lynch, Hugh
Henderson, Angela Hamel-Smith, Sandra
Welch-Farrell, David O’Brien and Gem Rowe who has been the
Secretary since inception.
The Foundation is
funded through contributions from subsidiary companies – 1% of company pre-tax