THE HAGUE--Member of the Dutch Parliament's Second Chamber Martijn van Dam of the Labour Party PvdA believes that Dutch Minister of Home Affairs and Kingdom Relations Piet Hein Donner has a role in ensuring proper corporate governance in Cura�ao.
Van Dam submitted written questions to the Minister on Monday, in which he suggested that Donner should prevent the Schotte cabinet in Cura�ao from taking over authority and responsibility for managing government-owned companies. Board members of government-owned companies should maintain their objectivity.
The Member of Parliament (MP) fears that management meetings of government-owned companies "will be held in Fort Amsterdam," if model charters of these companies are adapted to the liking of Cura�ao's government.
Van Dam asked Donner to keep an eye on adhering to the Corporate Governance law in its original form. He wanted to know if the Minister shared his opinion that Cura�ao's government had acted against the Corporate Governance law with its proposal to change the model charters of government-owned companies and foundations.
The MP asked whether it was true that Cura�ao was planning to modify the model charters in such a way that the cabinet could give specific instructions to management and boards of government-owned companies and to eliminate the requirement of reasons for firing members of the board. He wanted to know if the matter had the attention of the Rosenm�ller Committee.
According to Van Dam, the Financial Supervision Law and the linked law on Corporate Governance can possibly prevent the Schotte cabinet from adjusting the model charters to get a greater grip on government-owned companies and foundations.
The Corporate Governance law was designed to create a distance between local politics and government-owned companies and foundations and to "prevent nepotism and political patronage," stated Van Dam.
The MP hinted at the possibility of intervening at the Kingdom level. "Does this matter have your fullest attention, based on your responsibility as stated in Article 43 of the Kingdom Charter?"
Van Dam asked the Minister whether he thought it would be possible to convince Cura�ao to change its mind on the matter. "Or is it more plausible that intervention will be necessary as a result of Cura�ao's actions, in Cura�ao's general interest and in the interest of the Kingdom?"
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