Factories Corporation of Jamaica

The Factories Corporation of Jamaica Limited (FCJ) was incorporated under the Companies Act
of Jamaica in 1987 and is wholly owned by the Government of Jamaica. Its mission is to be a
financially strong and dominant provider of industrial and commercial office space that is
customer focused and efficiently managed by an empowered cadre of staff. FCJ currently
owns/controls 2,030,207 square feet of factory space, and approximately 408 acres of land.

FCJ will collaborate with key stakeholders to address evolving needs and develop modern
infrastructure solutions that support sustainable economic growth and job creation. To this end, the FCJ plans to undertake capital investments totaling $1,619.79 million.

The 448,000 square feet facility at the Morant Bay Urban Development Centre, developed under
a joint venture agreement, is nearing completion and is expected to generate increased revenues
for FCJ through property management services during 2025/26.
The FCJ projects a surplus of $648.92 million

Indicators	Findings
Board with requisite skills as per the Competency Profile
Chairperson is not sitting more than two consecutive terms
Chairperson that chairs no more than two other public boards
Board with a minimum of 30% male members
Board with a minimum of 30% female members
Current board retained at least 3 members or a third of previous board
Board Charter (which includes conflict of interest provisions)
Non-Executive Independent Chair
Trained Corporate Secretary
Annual board training (in procurement, risk management, etc.)
Annual board evaluation
Board processes are executed (AGM, Annual Calenders, Meeting Frequency, Filings at Companies Office, etc.)
Board minutes are transmitted to the Permanent Secretary
Information & Disclosure policy
Internal auditor that reports to board through Audit Committee
Audit Committee with Terms of Reference
Audit Committee with three or more members including a qualified accountant/persons possessing expertise in finance
Audit Committee that does not include the Board Chair
Audit Committee that excludes the Procurement Committee Chair
Procurement Committee that rotates members every three years
Independent Chair of Procurement Committee (not chaired by Finance Director)
Board procedures in place regarding procurement oversight
Trained Procurement Committee
Annual Procurement Plan
Annual Report to the Responsible Minister submitted within 4 months of the end of the entity's financial year
Annual Board-Approved Corporate Plan in place by Nov 30 (must include strategic objectives, budget and work plan)
Annual Report tabled in Parliament within six (6) months of the entity's financial year
Minister issued Statement of Corporate Expectation to board
Chair and Responsible Minister met at least twice yearly to discuss Agency performance and emerging issues
Corporate Social Responsibility Framework (including Donations Policy)
Code of Ethics with conflict-of-interest provisions
Staff that are trained in Code of Ethics
Whistle Blowing Policy
Enterprise Risk Management Policy

Indicators

Findings

Board with requisite skills as per the Competency Profile

Chairperson is not sitting more than two consecutive terms

Chairperson that chairs no more than two other public boards

Board with a minimum of 30% male members

Board with a minimum of 30% female members

Current board retained at least 3 members or a third of previous board

Board Charter (which includes conflict of interest provisions)

Non-Executive Independent Chair

Trained Corporate Secretary

Annual board training (in procurement, risk management, etc.)

Annual board evaluation

Board processes are executed (AGM, Annual Calenders, Meeting Frequency, Filings at Companies Office, etc.)

Board minutes are transmitted to the Permanent Secretary

Information & Disclosure policy

Internal auditor that reports to board through Audit Committee

Audit Committee with Terms of Reference

Audit Committee with three or more members including a qualified accountant/persons possessing expertise in finance

Audit Committee that does not include the Board Chair

Audit Committee that excludes the Procurement Committee Chair

Procurement Committee that rotates members every three years

Independent Chair of Procurement Committee (not chaired by Finance Director)

Board procedures in place regarding procurement oversight

Trained Procurement Committee

Annual Procurement Plan

Annual Report to the Responsible Minister submitted within 4 months of the end of the entity's financial year

Annual Board-Approved Corporate Plan in place by Nov 30 (must include strategic objectives, budget and work plan)

Annual Report tabled in Parliament within six (6) months of the entity's financial year

Minister issued Statement of Corporate Expectation to board

Chair and Responsible Minister met at least twice yearly to discuss Agency performance and emerging issues

Corporate Social Responsibility Framework (including Donations Policy)

Code of Ethics with conflict-of-interest provisions

Staff that are trained in Code of Ethics

Whistle Blowing Policy

Enterprise Risk Management Policy

Indicators	Findings
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Indicators

Findings

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Factories Corporation of Jamaica

Dr Donald Farquharson

Lyttleton Shirley, CD, JP

Dr. The Most Hon. Andrew Holness, ON, PC, MP

Mrs Arlene Williams, CD, JP

Overview

Key Compliance Results