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Gov­ern­ment achieved its ob­jec­tive yes­ter­day of elect­ing sev­en of its nom­i­nees to serve as di­rec­tors on the board of Re­pub­lic Fi­nan­cial Hold­ings Ltd (RFHL), the largest fi­nan­cial ser­vices com­pa­ny in the Caribbean re­gion.

The sev­en new Gov­ern­ment-nom­i­nat­ed di­rec­tors of RFHL now con­sti­tute a ma­jor­i­ty of the com­pa­ny’s 13-mem­ber board and were elect­ed by a ma­jor­i­ty of votes at the bank’s an­nu­al meet­ing at Hy­att Re­gency in Port-of-Spain.

The sev­en di­rec­tors in­clude Nali­ni Bansee, Dr Tim­o­thy Af­fon­so and Yash­mid Kara­math, who were first elect­ed to the board with ef­fect from Oc­to­ber 14. They were re­quired to re­tire from the board by ro­ta­tion and of­fer them­selves for re-elec­tion. The three di­rec­tors were elect­ed for a three-year term.