CGC says enough grounds to terminate GEBE Board
- May 10, 2016 7:53 AM
PHILIPSBURG--The Corporate Governance Council (CGC) has informed the Shareholder (Government) of utilities company GEBE that there are enough grounds to dismiss the company’s Supervisory Board of Directors.
Minister of Public Housing, Spatial Planning, Environment and Infrastructure VROMI Angel Meyers told The Daily Herald this on Monday.
The Shareholder had asked the Board to step down, but the Board had declined to do so resulting in Government seeking the advice of the CGC on the matter.
Meyers, who was off island yesterday, said in a phone interview that the CGC has indicated that while there are sufficient grounds for dismissal, the Board has to first be heard.
In light of this, a Shareholder’s meeting has already been called to give the Board a chance to be heard. The Board was given the mandatory 12-day notice for that meeting, which has been set for this Thursday. Meyers said after the Board has been heard, the Shareholder will make a formal decision on the termination of the Board.
Finance Minister Richard Gibson had told reporters at a Council of Ministers press briefing earlier this year that Government had “lost confidence” in the GEBE Board. He had said at the time that the Board does not conduct itself in a manner that is beneficial to the company. The Shareholder’s first step was to ask the Board to resign voluntarily.
Gibson had said there had been a “series of things” that had led to the Shareholder losing confidence in the Board. These include the spreading of confidential information about the company “in the media left and right.”
Also the Council of Ministers “doesn’t get the feeling that they’re executing their tasks the way it should be done and certain reports that should be sent timely are not being sent and a whole list of other things,” Gibson had said at the time.
The Corporate Governance Council (CGC) has reacted positively to the nominations of William Brooks and Veronica Jansen-Webster for the two top positions at utilities company GEBE.
CGC has approved the nominations of Brooks as the Chief Executive Officer (CEO) of GEBE and Jansen-Webster as the Chief Operations Officer (COO). The shareholder just needed to provide some additional information on one of the candidates.
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“They have been approved. There was just a question on one of the candidates and they just needed some additional information which I suspect that my cabinet has provided,” said Minister of Public Housing, Spatial Planning, Environment and Infrastructure VROMI Angel Meyers.
Meyers said there is a lot of work to be done at the utilities company, which currently has an interim manager, and the possibilities will be looked into, to appoint the two candidates pending the finalisation of their screening by the Security Services VDSM. Any appointment will be on the condition that if either candidate fails the VDSM screening they will have to vacate their positions.
The Minister said the legal minds are currently looking into the matter as his intention is to “do everything by the book.”
“If they take up their duties in the meantime, it will be under the condition that if the screening of the VDSM is negative, they will have to vacate the posts. GEBE is in a critical position and we cannot continue with an interim manager. We have to fill those positions (CEO and COO) as soon as possible,” the Minister said alluding to amongst other things, talks regarding Waste-to-energy and renewable energy that have to be finalised.
Asked whether the shareholder has any concerns about Brooks, who had attracted some negative attention during his previous stints at the company, Meyers said the GEBE workers’ representative –the union– has indicated that it is willing to give Brooks another chance.
Meyers said too that Brooks came out as a qualified candidate and he is a local and he will be given a clear assignment on his tasks and responsibilities at the company as well as performance conditions with goals outlined. “There is no more time for negative publicity” for the company as this reflects badly on GEBE.
Brooks had served as temporary manager of GEBE for a short period in late 2015 and early 2016, but he then tendered his resignation effective Friday, January 29. Brooks had indicated in his resignation letter that he was resigning, awaiting the “ratification” of his “appointment” as CEO of the company. He had also reportedly met with about six or seven managers in the company prior to leaving and indicated to them that he had been resigning because he will not be a “puppet” for the shareholder or the Board of Directors.
In the meantime, the Supervisory Board, which the shareholder has since asked to step down, had, earlier this year, issued a scathing report of Brooks’ performance to the shareholder and had advised government to not appoint Brooks to the position based on his ill performance over the two months he served as temporary manager.
Finance Manager at GEBE Andrew Zagers has been temporarily filling the manager’s post at the company pending the appointment of a new CEO and COO.
The Daily Herald
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