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Composition of PJIAE board likely to change by year end
by The Daily Herald
Posted: Nov 3, 2009 14:58 UTC
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AIRPORT - The Daily Herald understands that the members of the Supervisory Board of Directors of the Princess Juliana International Airport Operating Company (PJIAE) have been informed that the Island Government will be looking at other candidates to serve on the board by the end of this year.
The members whose terms are coming to an end were reportedly told that there was a better than likely chance that their services would not be retained. Those whose terms will not be ending were advised to make their positions available and resign. It was not clear by press time how or who informed the board about the future of their positions on the board.
The board of directors consists of seven persons: Chairperson Miguel Alexander, Vice Chairperson Andre Dijkhoffz, Secretary Peggy Ann Dros and members Gary Matser, Rolando Tobias and Clarence Derby.
Of these seven, the two that are most likely to be retained by government are Andre Dijkhoffz and Regina Labega. Other board members have been lobbying over the last few weeks to be retained by government.
Unlike in the past, government will not be able to dismiss and appointment members to the boards of government-owned companies (like PJIAE) without following newly established corporate governing guidelines.
In particular, before board members are dismissed or appointed, the Island Government has to establish the Council for Corporate Governance. This council will not only supervise the dismissals, resignations or appointments of board members, but formally draft advices to be presented to Executive Council for final decision making.
The Executive Council, as has been mandated by the Island Council, has yet to appoint the three persons who will eventually form this council. The NA/Heyliger government is also reportedly looking at restructuring the boards of other government-owned companies once the council is in place.
PJIAE has three corporate bodies: the General Shareholder’s meeting, the Board of Supervisory Directors and the Managing Board headed by President Eugene Holiday. The two latter corporate bodies are appointed in a sitting of the General Shareholders’ meeting.
The Supervisory Board of Directors, as is stipulated in the articles of incorporation, comprises six non-executive directors, including the Chairperson. There was one change in the composition of the board in 2008, when Clarence Derby was appointed to the board on August 1. He then became the seventh member.
When contacted, the Island Government was not prepared to provide comment at this time.
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