ORANJESTAD - On Friday 3 March, VanEps Kunneman VanDoorne organized the second edition of Day of the Supervisory Board in Aruba. During this day the more than sixty participants were brought up to speed on risk management.

 

This is a topic that is increasingly gaining attention within corporate governance.

 

However, it often remains unclear what risk management exactly is and what the responsibilities of the directors and supervisory board members in this area are. The objective of the second edition of the Day of the Supervisory Board in Aruba was to change that.

 

Frank Kunneman, partner at VanEps Kunneman VanDoorne and professor of Corporate Governance, was the first speaker of the afternoon. During his presentation he discussed the specifics of risk management and the roles and responsibilities of the management board and supervisory board in this regard. In addition, he explained the issue of liability within risk management based on a number of practical examples. Nicole Hoevertsz, Secretary to the Council of Ministers and a member of the International Olympic Committee, then spoke in a very personal way about why it is so important that directors and supervisors in sport are engaged in risk management and how they can apply this. The third and final contribution was made by Jossy Laclé, the former director of WEB Aruba. Filling in for Ron Gomes Casseres he emphasized in his speech that in addition to using the available systems and models, risk management is very much about managing human behavior.

 

The three presentations evoked great response from the participants, resulting in a lively panel discussion at the end of the meeting. The discussion was led by the chairman for the day Steffen Hagen, senior lawyer at VanEps Kunneman VanDoorne and manager of the firm's Aruban office. Steffen Hagen: “It's our goal to permanently add value, amongst other things by sharing know-how. Therefore we are pleased to see that this second edition of the Day of the Supervisory Board again attracted much attention, and we hope that the participants can apply the knowledge that they have gained in practice.”