Honorable Prime Minister Sarah Wescot-Williams, says the meeting on Thursday between the Council of Ministers and the Corporate Council was of an informative nature.
Prime Minister Wescot told the Government Information Service (GIS) that the meeting had a two-fold purpose: "The council sometime ago had requested a meeting and secondly the Council of Ministers wanted to get an update from the corporate council on any recent developments."
"An ordinance of May 2009 extends the authority of the Corporate Council to such a degree that some parts can be considered as infringing upon the authority of management of the companies. This point was brought up to us by the Corporate Council and needs to be studied by government for possible adjustments.
"Another point, the budget for the Corporate Council to function, while submitted on more than one occasion, is tied up in the question of the financing of the Corporate Council, which according to the ordinance should be done by the corporate institutions according to a division key, which key has not been established.
"Then we have the question of the Antillean corporate governance law, which also exists and has been "handed down" to us. We have to decide with which we will continue. The Corporate Council also presented its plan of action for our comments," Prime Minister Hon. Sarah Wescot-Williams told the GIS on Thursday