October 22, 2020

Cayman official disputes ECHN execs’ claim that Caribbean sojourn is mandatory

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ECHNBy Don Michak From Journal Inquirer

Top officials at Eastern Connecticut Health Network [ECHN] and their spouses are again planning to make a yearly sojourn to a luxury resort in the Cayman Islands for what the regional nonprofit has described as a mandated business meeting of its offshore insurance company.

But Cayman law doesn’t require ECHN’s Connecticut Healthcare Insurance Co. subsidiary to hold either annual “general meetings” or “board meetings” there, according to a spokesman for the agency that regulates the more than 900 insurance companies registered in the island nation.

Kamaal Connolly, the Cayman Islands Monetary Authority official, added that only companies holding “Class A” and “Class D” licenses are required to conduct an annual “general meeting” — and that the law doesn’t stipulate” its location.

For more on this story go to:

http://www.journalinquirer.com/connecticut_and_region/cayman-official-disputes-echn-execs-claim-that-caribbean-sojourn-is/article_6fb84df8-52dc-11e3-868c-001a4bcf887a.html

FROM ECHN

About ECHN

ECHN is a not-for-profit health care system serving 19 towns in eastern Connecticut. ECHN was formed in 1995 when Manchester Memorial Hospital and Rockville General Hospital joined as partners. By bringing together the experience and resources of all ECHN health care facilities, we are able to invest more in state-of-the-art medical technologies, provide more convenient access to a wider range of health care services, and continue to exceed the expectations of the patients and communities we serve.

At ECHN, it is our mission: To improve your well-being by providing high-quality, compassionate healthcare.  We will achieve our Mission through a commitment to Caring, Teamwork, Respect and Communication.

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