Great interest for the first seminar on Corporate Governance

Caption Picture 1:A capacity crowd of more than 125 man listened attentively to the explanation of the first conference on Corporate Governance.
The seminar: "Checks and Balances in Curaçao on Corporate Governance", which was held yesterday in Kura, attracted considerable interest from more than 125 directors, auditors and other interested parties. The seminar was organized by the Financial Supervision (CFT), the Foundation Office Supervision and Standards Government Entities (SBTNO) and the Dutch Caribbean Accountants Association (DCAA), with the aim to raise awareness of the Code of Corporate Governance and increase the obligations of entities, where the monitoring role of the accountant is, to illuminate.

Photo 2:The speakers at the seminar: guest speaker Charles Frielink, André Delger (DCAA), Donald Palm (SBTNO), Marloes Kempes (CFT) and Erik van Engelen (CFT).

The participants received a detailed explanation of the Ordinance and the Code on Corporate Governance Corporate Governance, through the speakers Erik Angels and Marloes Kempes (CFT), Donald Palm (SBTNO), André Delger (DCAA) and guest speaker Charles Frielink. Chairman, Etienne Ys. In particular, the duties, responsibilities and powers of the three corporate bodies (the General Meeting of Shareholders, the Board of Directors and the Auditor Ones) were examined. The functioning of these bodies within the limits of their responsibilities and powers was emphasized. The independent role of especially the Supervisory Board acting without a mandate and instructions of the person who appointed him was extensively discussed. The minimization of the interference of the shareholder in the business was a topic that received considerable attention.

It was concluded that the cooperation of all stakeholders and agencies relevant to the proper implementation of the Code and compliance with the Regulation and the Code. Moreover, a review of the Code is in place in view of all experiences. The Ordinance on Corporate Governance and the Corporate Governance Code can be downloaded from www.cft.an and www.sbtno.org.

Photo 3:Guest speaker Charles Frielink went on current events in the field of Corporate Governance.