Supervisory Board and Management Board of the CBCS agree

Willemstad – Mediation between members of the Supervisory Board and of the Executive Board, under the direction of the Joint Court of Justice made available judge, has led to an agreement between the parties. In August 2015, two members of the Supervisory Board filed a summary proceeding against the Board of Directors. During the present proceedings, the parties decided to further discuss among themselves through a mediation process their differences of opinion. During the mediation are central issues, which are mentioned in the investigation report of PWC in 2014, the Supervisory Board and the Executive Board discussed ample. Thereby meditate by the openness of both sides, the good relationship between the two bodies recovered from the CBCS. This has ultimately resulted in a decision by the Supervisory Board to terminate the interim proceedings and to refrain from any further research integrity. The external auditor of the CBCS is being commissioned by the Supervisory Board and with the consent of the Board, examine a number of issues of financial and legal nature detail. Furthermore, the Supervisory Board and the Executive Board agreed that the Board of Directors, the Supervisory Board in the future will provide advance notice in case they intend to buy bonds on the primary market to a higher amount than NAf. 10 million. Supervisory Board and Executive Board are confident that between them restored confidence will lead to a fruitful cooperation in achieving the objectives of the CBCS.