but also of our responsibility to the membership. Inevitably, increasing time has to be devoted to ensuring a full understanding of the risks faced by the Club, the effective management of those risks and the implementation of the Board’s policies by our Managers.
At the same time we are also a Board which is concerned with general industry-wide issues faced by our membership. Often these are reflected in the claims reports which the Managers provide for us at each of our meetings but even where we are less directly concerned with claims, we monitor developments closely with a view to trying to provide as much support and guidance for our members as we can. This is reflected in the high volume of loss prevention and advisory material which our Managers are providing on a weekly basis through the Club web-site which has become such an important feature of the Club’s service.
We have been most concerned for example, by the predicament of those seafarers caught up in piracy. Detailed reports from the Managers, and contributions from individual Directors with expertise in countering piracy, have helped the Board to monitor activities at a political, military and industry level, and to promote members’ awareness of the crucial role of industry self-defence through the Best Management Practices.
The work of the main committees of the Board has become ever more demanding as we seek to ensure with the Managers that the Board has the necessary information and, where appropriate, recommendations to discharge its responsibilities. We rely heavily on the members of these committees and I am most grateful to them all for giving their time and experience so generously. I am particularly indebted to the deputy chairmen—Eric André, who is
6
Chairman of both IPIR and the Audit & Risk committee, Alan Olivier who represents the Club on the Thomas Miller Board and Patrick Decavèle for their guidance and support as well as the long hours they devote as members of virtually all the committees. It is thus with great sadness that we have said farewell to Patrick who has served the Board and the Club with great distinction.
Two other directors who have also given the Club distinguished service retired last October—Sergey Frank and John Ioannidis—and I would like to thank them for their contributions particularly in John’s case where over the last fifteen years his commitment and service to the Club have been exemplary. I would also like to make special mention of Jan Kopernicki who retired from Shell in March of this year, having been a director of the Club for over twelve years; his eloquence and clarity of thought will be greatly missed.
Finally I would like to take this opportunity to thank our Managers for the work they do on behalf of the Club. For all Members, the Managers represent the face of the Club in their day to day dealings with underwriters, claims executives, loss prevention experts or just on general enquiries. The Managers’ team has been led in recent years by Luke Readman who has announced his intention to retire this year after nearly 40 years of working for Thomas Miller. We will miss his understated style of leadership and the benefits of intellect and experience he has brought to our Board meetings, but I have every confidence that his successor Hugo Wynn Williams, ably supported by Nigel Carden, will now take the Club forward from the sound financial base we have re-established successfully to meet the challenges that lie ahead.
Dino Caroussis, Chairman
the Club is now back in a position of considerable financial strength from which to meet the challenges of the future
“
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53