The Eastern Caribbean Collective Organization for Music Rights (ECCO) has ended what CEO, Steve Etienne, has described as a very energetic and exciting annual general meeting.
“We were able to have a very good conversation, ” Etienne said of the meeting on Saturday.
He disclosed that the discussion dealt with the organization, its income, its expenditure, how it pays its staff and the direction for the future.
According to Etienne, ECCO was able to boast about its successes in terms of income and revenue.
But he admitted that the organization still has along way to go.
“Our operating expenditure has dropped from seventy percent to about forty-five percent which is the right direction,”the ECCO CEO disclosed.
He said the forecast so far for next year implies that ECCO’s income expense ratio will be as low as thirty percent.
Etienne said the organization’s operating expenses will continue to go down.
He asserted that ECCO has elected a “dynamic” new board of Directors, including two females – Claudia Edward and Christine Charlemange.