The NCB Financial Group Limited is assuring stakeholders that its robust corporate governance framework has enabled a seamless transition following its Board Chairman, Michael Lee-Chin’s announced leave of absence.

The Group says it was aware that some stakeholders had questions regarding the recent announcement of a decision by Mr. Lee Chin to take a leave of absence to focus on personal and business matters.

The Financial Group says while it is not in a position to comment in detail on the matters in question, the Chairman has shared his need and desire to step into an executive role within his organisation in Canada temporarily until he can find a replacement for his chief operating officer, who is leaving after 25 years.

He also specified interests in two recent areas of focus – precision oncology and clean energy.

The Group says it is assuring all stakeholders that their robust corporate governance framework has enabled a smooth transition.

It says its Lead Independent Board Director, Professor Alvin Wint, has assumed the role of Interim Chairman of NCB Financial Group Limited during Lee Chin’s leave of absence.