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Urban Development Corporation

JAMP has does not currently have enough information to generate a score for this public body.

Overview

Our Vision: UDC will contribute significantly to making Jamaica a developed country with modern cities, where residents and visitors have easy access to resilient infrastructure, adequate green spaces, public beaches and sustainable eco attractions.

Our Mission: Making Development Happen.

Our Strategy: Our strategy is to add value to national growth and generate sustained income by developing land holdings and attractions so as to implement, facilitate and coordinate major projects identified in our plans.

Corporate Objectives

1. Strategic utilization of UDC’s asset base resulting in:

increased lease and license of underutilized properties
two (2) development projects put to tender annually with a focus on housing & commercial initiatives
completed development of new tourism products at 4 attractions/beaches by end of FY 2023/24.

2. Documenting all processes within the UDC with the focus for FY 2023/24 being asset management, lease management and marketing integration. 3. Encouraging a culture of staff collaboration & empowerment through:

launch of a Training Programme by FY 2023/24 to improve training opportunities
completion of realignment and standardization of technology & tools used by staff by FY 2023/24
recruitment to fill strategic positions by FY 2023/24

4. Increasing operating revenues annually targeting at least:

Operating revenues of $3.4B for FY 2023/24, an increase of 22% over projected FY 2022/23
6.0% growth each year for FY 2024/25 to 2026/27

Key Compliance Results

Indicators	Findings
Has a board charter
Has a non-executive Chair
Has a separate role for Corporate Secretary and Legal Counsel
Has an Internal Auditor
Has an Audit Committee with a clear Terms of Reference
Has an Audit Committee with three (3) or more members
Has an Audit Committee with a qualified Accountant or persons possessing expertise in finance
Has an Audit Committee that does not include the Board Chair
Has a Procurement Plan
Has a Procurement Committee
Has a Board Audit Committee that excludes the Procurement Committee Chair
Hosts refresher training for the Procurement Committee
Has a Procurement Committee that rotates members every 3 years
Has an Enterprise Risk Management Framework
Conducts Annual Board Evaluations
Submits Annual Reports to the responsible Minister by July 31 of the present year
Submits Audited Financial Statements by July 31 of the present year
Has submitted a draft Corporate Plan
Ensures Board minutes are transmitted to the Permanent Secretary
Ensures a representative of the Permanent Secretary is present at Board Meetings
Has an Information Disclosure Policy
Has a Corporate Social Responsibility Framework including a Donations Policy
Is a registered company
Holds an Annual General Meetings (this is for registered companies)
Ensures the Chair and responsible Minister meet at least twice yearly to discuss Agency performance and emerging issues
Has a Code of Ethics and Whistle Blowing Policy
Hosts Board training and sensitization

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Urban Development Corporation

Wayne Chen

Telroy Morgan

Jennifer Brown Cunningham

Overview

Key Compliance Results