NASSAU, Bahamas, May 20, 2024 — The Bahamas Red Cross Society has announced the appointment of Derek Smith, Jr. as the new Chairman of its Governance, Risk, Audit and Compliance Committee. Mr. Smith brings extensive experience in risk management, auditing, and compliance to the role, having held senior positions at several leading financial institutions in The Bahamas and the Caribbean.
In his new position, Mr. Smith will lead the Committee in overseeing the National Society’s governance practices, risk management processes, internal controls, and compliance with relevant laws and regulations. His expertise will be instrumental in ensuring the organization’s continued transparency, accountability, and adherence to the highest ethical standards.
“I am honored to serve as Chairman of the Governance, Risk, Audit and Compliance Committee of the Bahamas Red Cross Society,” said Mr. Smith. “I look forward to working with the Committee members and the National Society’s leadership to strengthen our governance practices and risk management framework, and to support the organization’s vital humanitarian mission in The Bahamas.”
Edison L. Sumner, President of the Bahamas Red Cross Society, welcomed Mr. Smith’s appointment. “We are delighted to have Derek Smith, Jr. join our team in this critical role. His wealth of experience in risk management, auditing, and compliance will be invaluable to the Bahamas Red Cross Society as we continue to deliver essential services to vulnerable communities across our nation. I am confident that under his leadership, our Governance, Risk, Audit and Compliance Committee will excel in its oversight responsibilities and contribute significantly to the National Society’s success.”
