Consultation new Corporate Governance Code financial sector
Willemstad/Philipsburg - The Centrale Bank van Curaçao en Sint Maarten (CBCS) drafted a new corporate governance code (Code) for the financial sector. The objective of this Code is to clarify the roles and responsibilities of directors, supervisory directors, and (beneficial) shareholders. Furthermore, the Code provides further guidance in respect to the requirements for business households of financial sector institutions in line with the institutions’ nature, scope, and risk profile. Finally, the Code encourages corporate social responsibility and an ethical business culture.