Scotiabank Jamaica CEO William 'Bill' Clarke, angered by opposition to his proposed amendments to the constitution of the Private Sector Organisation of Jamaica (PSOJ), yesterday withdrew the bank's membership in the group, effectively ending his bid for the presidency.
JAMCL is of the opinion that Mr. Clarke should reconsider his position since it is better to effect change from within than to be an outside observer.
Mr Clarke's Statement:
"A democratic process that only exists at the PSOJ has defeated my candidacy for the presidency of the PSOJ," Clarke said in his statement. "The members of the PSOJ have elected the president that they desire and the status quo will certainly remain.
"It is evident that if your views run contrary to those who believe in incumbency, you will have no place at the table. As a consequence, the company that I represent will cease to be a member of the PSOJ with immediate effect."