Corporate Governance and the role of the Supervisory Board of Directors is back on the forefront with the issues surrounding the urgent dismissal of the board of the Princess Juliana International Airport Holding (PJIAH) N.V. company by the Council of Ministers of the Leona Romeo-Marlin II government on Tuesday, July 31, 2018. In a subsequent press statement issued by the Minister of TEATT’s cabinet office on Wednesday, August 1, Stuart Johnson as the Shareholder Representative announced that “While the Council of Ministers initially decided to dismiss the Supervisory Board Members of PJIA Holding Company, with immediate effect, in further deliberations…
Author: The Publisher
~ “The people need answers now” says MP Doran ~ Philipsburg – A continuation of Central Committee meeting of the Princess Julianna International Airport scheduled on Friday 3, August, 2018, to discuss the reconstruction status, was postponed reportedly due to a ‘double booking’ made by Honorably Minister of Tourism, Economic Affairs, Traffic and Telecommunication Mr. Stuart Johnson. Minister Johnson previously made a confirmation (IS 793/17-18, July 26, 2018) to attend the requested Central Committee meeting via email to Parliament’s administration. After Member of Parliament Egbert Jurendy Doran was informed about the postponement (see notice below – ed.) coming less than…
AIRPORT — During the afternoon hours of Friday July 27th 2018, F.O.M.B. (47) originally from the Dominican Republic, attempted to board a flight at the Princess Juliana International Airport. At the Immigration Check point F.O.M.B. handed a passport of the Dominican Republic to an Immigration officer. During the inspection of the passport, the immigration officer noticed that the passport that was handed to her was false. The Immigration Officer immediately alerted other officers of the Alpha Team, who also inspected the passport and confirmed that the passport was indeed false. F.O.M.B. was arrested and his documents were confiscated for further…
It still remains a mystery why the roles and functioning of supervisory boards of directors are so confusing when the corporate governance codes, rules and regulations are available for all to study. And when in doubt, just consult the Corporate Governance Council. It is however an unwritten rule that when a new government asks a supervisory board to step down, the members resign even before they are asked to do so. No need to make a fuss. When one door closes, another one opens. With the rate governments change on St. Maarten, it can be expected that one will soon…
GREAT BAY, Sint Maarten (DCOMM) – Coastal residents are advised to have plans in place for possible storm surge in the event of a passing hurricane along the south coastal areas of the country. Office of Disaster Management (ODM) says, these plans should have been in place since before the start of the hurricane season on June 1. The season so far has seen three named storms form, and the peak start of the season is two weeks away. Property damages that can be expected from hurricanes and coastal flooding have been increasing year by year, and in many places…
PHILIPSBURG—In addressing the intention of the Shareholder to terminate the service of the Supervisory Board of the Princess Juliana International Airport Holding (PJIAH) Company, Shareholder Representative and Tourism Minister Stuart Johnson stated it was essential to address the “precarious situation” at the airport. On Tuesday this week, the Council of Ministers held an urgent decision-making session that was attended by members of the Supervisory Board of Directors of Princess Juliana International Holding Company NV (“PJIA Holding Company”). The main subjects of discussion were the existing bond loan of the 100% subsidiary of PJIA Holding Company, (“the Operating Company”) and undertaken/necessary…
PHILIPSBURG—The Board of the Bureau for Intellectual Property BIP met with Minister of Tourism, Economic Affairs, Traffic & Telecommunication TEATT Stuart Johnson to provide updates on the organization, Monday, July 30. The meeting was held at the Minister’s cabinet during which the BIP Director Vincentia Rosen-Sandiford provided updates along with a brief history on the “inner workings of the Bureau.” Amongst the matters discussed was the working relationship with the Benelux Office for Intellectual Property and services rendered by the Bureau. Minister Johnson encouraged the board to raise awareness within the community about the services the bureau provides. He also…
PHILIPSBURG — Today we received the following police reports from the Communications Department of the St. Maarten Police Force (KPSM) of incidents that occurred over the weekend. Couple robbed at the beach The Special Unit Robbery is presently investigating an armed robbery which took place at Cupe Coy Beach in the vicinity of Ocean Club on Sunday July 29th at approximately 02.00 p.m. According to the report the victims identified with initials Z.J.A.S and V.T.A.M were at the beach when they were suddenly approached by three unknown men, one of which was carrying a gun. The armed suspect threatened the…
DUTCH QUARTER — On Wednesday August 1st at approximately 12.15 p.m. police patrols and Fire Department were sent to Madrid Lane in Dutch Quarter where it was reported that a garage was on fire and that the possibility for the fire spreading was quite high. On the scene the investigating officers realized that several car wrecks that are located on the property of an abandoned garage were on fire. The fire department immediately went to work on putting out the blaze. According to the OVD-B (fire department) on the scene, at least three fires have been reported at this same…
Phillipsburg – The opening of a new computer lab at the Youth Community Centre in St. Peters on July 24, 2018, held special significance for the St. Maarten Youth Council Association (SMYCA), an umbrella organization with more than 30 years’ experience in empowering the island’s young people and promoting cooperation and unity among youth and youth organizations. Under the theme “Nurturing a Growth Mindset: Fostering Resiliency,” the long-anticipated event was postponed last year, after the passage of Hurricane Irma – St. Maarten’s worst storm in over a century – on September 7. “We have been looking forward to this day…
