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Minister Overrules Advisory Board, Appoints Technical Expert to Marshe FoundationPhoto: Extra Curaçao
PoliticsCuraçao

Minister Overrules Advisory Board, Appoints Technical Expert to Marshe Foundation

Source: Extra Curaçao·1 hour ago·Curaçao·1 min read

Curaçao's Minister of Economic Development, Roderick Middelhof, has bypassed a recommendation from SBTNO — the government's corporate governance advisory body — and appointed Clifford Richardson as a member of the supervisory board of Fundashon Marshe in the role of technical expert. SBTNO had issued its advisory opinion on August 26, apparently advising against or offering a different recommendation regarding the appointment. The decision marks a notable departure from established corporate governance procedures, in which ministers are generally expected to follow SBTNO's guidance when filling supervisory board positions at government-linked foundations. Fundashon Marshe oversees the operation of public markets in Willemstad, making its governance a matter of public interest. The move raises questions about ministerial oversight and adherence to governance standards on the island. Critics may point to this as an example of political interference in the appointment process of semi-public institutions.

Key Facts
  • Minister Roderick Middelhof overruled SBTNO's corporate governance advisory and appointed Clifford Richardson to the supervisory board of Fundashon Marshe.
  • SBTNO issued its advisory recommendation on August 26, which the minister chose to set aside.
  • Richardson was appointed specifically in the profile of a technical expert to the foundation's board of commissioners.
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