PHILIPSBURG:--- Prime Minister, The Hon. Marcel Gumbs, officially introduced himself and members of the Council of Ministers to members of the Supervisory Board of Directors and Management of the Sint Maarten Telecommunication Holding Company N.V. (SMTHC) for the company's Annual General Shareholder's meeting in the A.C. Wathey Legislative Hall, Thursday.
In attendance along with the Prime Minister were, Minister of Education, Sport and Culture, the Hon. R.A Bourne-Gumbs; Minister of Tourism, Economic Affairs, and Telecommunications, the Hon. Claret Connor; Minister of Finance, The Hon. Martin Hassink and Secretary General, Ms. C.I. Janssen. The Hon. Minister of Justice, Mr. D. Richardson was absent with notice.
Also in attendance at the Annual General Shareholders Meeting were members of the Supervisory Board of Directors, Sint Maarten Telecommunication Holding Company N.V., led by board chairman, Mr. Rafael Boasman along with Vice-chairman, Mr. P. Marshall; and members, Mr. S. Constance; Mr. Kenneth Dupersoy and Mr. Jairo Bloem.
The Supervisory Board was further supported by the TelEm Group management team consisting of Chief Financial Officer (CFO) Mrs. Helma Etnel, Chief Technical Officer (CTO) Mr. Eldert Louisa and Chief Commercial Officer (CCO) Mr. Brian Mingo.
Following more than four hours of deliberation on a 12-point agenda, Management and Supervisory Board updated the Council of Ministers on the financial and operational aspects of the company and were quizzed in several areas following a number of power-point presentations from Chief Financial Officer, Mrs. Etnel.
Highlight of the meeting was a review and approval of the company's financial statements for the year 2013, discussion on Dividend payments to government for 2013 and a review and approval of the company's budget and capital expenditures for this year - 2015.
The Shareholder Representative thanked TelEm Group management and Supervisory Board for their frank presentations and said he looked forward to meeting with the company representatives very often, since it is important for government-owned companies to work closely with government.
The Minister of Finance went one step further by stating that in many cases, government-owned companies should more closely follow the direction and policies set by government.
Chairman of the Supervisory Board of Directors, Mr. Rafael Boasman, said the meeting was fruitful and he was especially pleased that management and board were able to make their presentations to the wider Council of Ministers and receive immediate feedback in the form of questions asked.
"Management and board would like to thank the Shareholder Representative and the Council of Ministers for responding quickly to our request for the Annual General Shareholder's meeting which was cancelled late last year for a number of reasons and for hearing what we had to say. It is a very positive development for us moving forward," said Mr. Boasman.
Similar sentiments where shared by TelEm Group, Chief Financial Officer, Mrs. Helma Etnel. She said one of the highlights was an undertaking by the Shareholder Representative to encourage brother and sister government-owned companies to work closer together.
"It was an excellent start in bringing the Ministers up to date financially and operationally in the company as well as how monies are being earned and spent. We now look forward to more meetings with the Ministers and the Shareholder to discuss some of these matters further," said Mrs. Etnel.
