Fifth member of Corporate Governance Council soon

PHILIPSBURG--The fifth member of the Corporate Governance Council (CGC) is expected to be appointed by the Council of Ministers next week.
Prime Minister Marcel Gumbs told Parliament on Monday, the CGC headed by Chairman banker Perry Wilson, is "up and functioning."
 
The council recently received some NAf. 240,000 from government to cover its operational costs, he disclosed.
 
Gumbs told Members of Parliament, in the plenary session of Parliament, that a "structural way" to finance the CGC is being sought by government. Based on the corporate governance ordinance funding for the operations of the CGC should come from the budgets of government-owned companies, the same companies the CGC oversees.
 
Gumbs received the 2014 Annual Report from the CGC in early July, from Wilson and Vice Chairman Charles Smith.
 
The CGC has met with the Council of Ministers twice since the cabinet took office in December 2014, and four times with Gumbs as the minister charged with overseeing the CGC.
 
The CGC is tasked with overseeing the functioning of government-owned companies within the parameters of the corporate governance ordinance. The council renders advices on the suitability of candidates for supervisory boards and other functions within government's apparatus.
 
On the photo: Prime Minister Marcel Gumbs (SXM Government)

Marinier krijgt drie maanden voor veroorzaken auto-ongeluk

PHILIPSBURG/ARNHEM – Meer dan een jaar na dato krijgt Patricia Lynch naar eigen zeggen eindelijk erkenning: de Nederlandse marinier die haar in de nacht van 4 mei 2019 meesleepte in een auto-ongeluk op Sint-Maarten, krijgt drie maanden militaire detentie.

Kabinet verlengt steunpakket voor Caribisch Nederland

DEN HAAG - Het kabinet heeft besloten om het steun- en herstelpakket voor inwoners en bedrijven op Bonaire, Sint-Eustatius en Saba, vanwege het coronavirus, met nog eens negen maanden te verlengen tot 12 juli 2021.

CFT warns St. Maarten that loan is illegal

THE HAGUE--The Committee for Financial Supervision (CFT) on Monday admonished St. Maarten Finance Minister Ardwell Irion for issuing a loan on the local capital market without prior permission.