Little Rock, Arkansas (August 4, 2023) –
Arkansas House Speaker Matthew Shepherd has named John Sinclair of El Dorado to serve on the ESG Oversight Committee.
Sinclair is the Owner and Chief Executive Officer of Lycus Ltd., LLC. He is a certified public accountant and a member of the U.S. Department of Commerce District Export Council, as well as a graduate of the School for Bank Administration at the University of Wisconsin and the National Commercial Banking Graduate School at the University of Oklahoma.
“John is a respected business leader whose experience in the banking and energy sectors make him uniquely qualified to serve,” said Speaker Shepherd. “His expertise will be valuable to the committee and to our state.”
Act 411 of 2023 created the ESG Oversight Committee to determine whether a financial services provider is discriminating against energy companies or firearms entities or otherwise refusing to deal based on the use of environmental, social justice, or governance-related metrics and to compile a list of those financial services providers. The committee has 90 days to furnish the list. The committee will expire automatically after the 90 days. However, the Governor may reestablish the committee at any time by notifying the Senate President Pro Tempore, Speaker of the House, Attorney General, and the State Treasurer.