Wednesday, January 19, 2022

August 21, 2021  Although reservations remain about the fact that no candidate fulfills the legal, financial and human resource profile or whether there was a selection process, the Corporate Governance Council (CGC) had no "serious objections'' to the six persons proposed to fill the vacant supervisory board of NV GEBE.

This was stated in the CGC’s response to the recommendation of the Minister of Public Housing, Environment, Spatial Planning and Infrastructure (VROMI).

The recommended board members are Anastacio Baker, Sabina Jno-Baptiste, Emmanuel Brooks, Dimar Labega, Lela Simmonds and Dave York. It must be mentioned that given the resume of Jno-Baptiste, there's an error in her first name as it's Sabrina.

It is noteworthy that York was the campaign manager of the same Minister of VROMI and Labega ran as the number nine (9) candidate on the National Alliance list in the 2020 Parliamentary elections. Jno-Baptiste is reportedly also the partner of the current Minister of Finance and Simmonds is known to be an associate of his.

In a letter to the CGC, Minister Doran said his motivation to appoint these persons is based on the profiles and procedures of the Article of Incorporation of NV GEBE, according to CGC’s advice dated August 4, 2021. The CGC's letter also said that the Minister of VROMI indicated the urgent need to have the Supervisory Board to its full capacity as quickly as possible.

But, as the CGC says in its letter, “the CGC also needs to determine whether the Minister’s intention to appoint the aforementioned persons was (properly) motivated.”

According to GEBE's Articles of Incorporation, the supervisory board can have members with the following backgrounds: a technical, financial, human resource, legal, and a business / economic/commercial background.

Of the six nominated persons proposed by Minister Doran, none have a legal, financial or human resource background based on their presented resumes. In fact, five (5) possess a background for either the business economic or commercial economic profile. While GEBE’s mission states “we are a customer-oriented company that provides reliable, cost-effective, quality electricity, water and waste management services in a safe, environmental-friendly, sustainable and innovative manner” there was also no one with an environmental background recommended.

GEBE is the sole energy provider on the island and, given the company's current circumstances due to the impact of Hurricane Irma and the COVID-19 pandemic, it is critical for the Supervisory Board to provide the leadership to guide the company through this challenging time in its history.

Simmonds, Brooks and Baker are the only candidates with work experience in a corporation as large as GEBE.

Given recent corporate governance issues at the airport and GEBE’s recent public scandal involving former Supervisory Board chairman Bievenido Richardson and the company’s legal advisor Jairo Bloem, “it is imperative that the composition of the Supervisory Board of such a vital company consists of all the necessary expertise to ensure the proper governance thereof,” CGC’s letter stated.

In their conclusion, the CGC added, “the CGC also makes use of this opportunity to point out the need to determine more specific and detailed profiles and requirements for the Supervisory Board of Directors of Government-owned companies and foundations indicating at least the required educational level and amount of experience in a specific field.” They also added, “the CGC further advises the Minister that prior to finalizing the to ensure that there are no conflicts of interest according to Chapter III sub 8 of the Corporate Governance Code as well as confirming that each candidate has a certificate of Good Conduct.”

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September 7, 2021  NEW YORK (AP) — Actor Michael K. Williams, who as the rogue robber of drug dealers Omar Little on “The Wire” created one of the most beloved and enduring characters in a prime era of television, died Monday. Williams was found dead Monday afternoon by family members in his Brooklyn penthouse apartment, New York City police said. He was 54. His death was being investigated as a possible drug overdose, the NYPD said. The medical examiner was investigating the cause of death. Little, a “stick-up boy” based on real figures from Baltimore, was probably the most popular character among the devoted fans of “The Wire,” the HBO show that ran from 2002 to 2008 and is re-watched constantly in streaming.

September 8, 2021 LOS ANGELES (AP) — Britney Spears’ father filed Tuesday to end the court conservatorship that has controlled the singer’s life and money for 13 years. James Spears filed his petition to terminate the conservatorship in Los Angeles Superior Court. “As Mr. Spears has said, again and again, all he wants is what is best for his daughter,” the document says. “If Ms. Spears wants to terminate the conservatorship and believes that she can handle her own life, Mr. Spears believes that she should get that chance.” Judge Brenda Penny, who oversees the case, will need to approve the move. Britney Spears attorney Matthew Rosengart said in an email the filing “represents another legal victory for Britney Spears — a massive one — as well as vindication for Ms. Spears.”

September 8, 2021  NEW YORK (AP) — With Katie Holmes and Lil’ Kim on his front row and singer Marina on the mic high above his runway, Christian Siriano helped kicked off New York Fashion Week’s first big pandemic round of in-person shows Tuesday with a flurry of neon and lace-inspired in part by all the Italian women in his life. From ornate Gotham Hall, beneath a stained-glass skylight 70 feet up, Siriano’s commitment to size inclusivity was never stronger as he opened and closed the show with plus-size breakout model Precious Lee. She first walked in a stunning yellow trouser suit with wide loose pants and an asymmetrical jacket, a matching crossover bralette underneath.

September 7, 2021  VENICE, Italy (AP) — Paul Schrader knows he has a limited number of films left, so whatever he does from here on out is going to be for himself. At 75 years old, the writer of “Taxi Driver” and “Raging Bull” and director of “American Gigolo” and “Mishima” was even somewhat prepared to call it a day after his 2018 film “First Reformed,” for which he got his first Oscar nomination. He didn’t want to. He just knew it might be the reality. “I thought I would go back to this character again for about the fifth time,” Schrader said in a recent interview. By “this character” he means “the man in the room.” It’s Travis Bickle. It’s John LeTour. It’s Julian Kay. And it’s a formula he’s been working with for 45 years.

Business News

September 8, 2021  -Stocks were mostly lower in Asia on Wednesday after a lackluster session on Wall Street, where weak jobs data and pandemic concerns weighed on sentiment. Shares rose in Tokyo after economic growth for the April-June quarter was revised upward to an annualized 1.9% from an earlier estimate of 1.3%. “Any feel-good factor was ignored, though, given the climb was less than half of the 4.20% fall in Q1,” Jeffrey Halley of Oanda said in a commentary. “Japan will be lucky to break even this year as the current Covid-19 wave will almost certainly have weighed on domestic consumption,” he said.

September 8, 2021 NEW YORK (AP) — There will be something missing at two Whole Foods stores opening next year: the rows of cashiers. Amazon, which owns the grocery chain, said Wednesday that it will bring its cashier-less technology to two Whole Foods stores for the first time, letting shoppers grab what they need and leave without having to open their wallets. Cameras and sensors track what’s taken off shelves. Items are charged to an Amazon account after customers leave the store with them. But there will be an option for those who want to shop the old-fashioned way: Self-checkout lanes will be available that take cash, gift cards and other types of payment. Amazon first unveiled the cashier-less technology in 2018 at an Amazon Go convenience store and has expanded it to larger Amazon supermarkets. But it will be the first time it has appeared at Whole Foods, a chain of more than 500 grocery stores Amazon bought four years ago.

September 8, 2021  BEIJING (AP) — An avalanche of changes launched by China’s ruling Communist Party has jolted everyone from tech billionaires to school kids. Behind them: President Xi Jinping’s vision of making a more powerful, prosperous country by reviving revolutionary ideals, with more economic equality and tighter party control over society and entrepreneurs. Since taking power in 2012, Xi has called for the party to return to its “original mission” as China’s economic, social and cultural leader and carry out the “ rejuvenation of the great Chinese nation.” The party has spent the decade since then silencing dissent and tightening political control. Now, after 40 years of growth that transformed China into the world’s factory but left a gulf between a wealthy elite and the poor majority, the party is promising to spread prosperity more evenly and is pressing private companies to pay for social welfare and back Beijing’s ambition to become a global technology competitor.

Fashion News

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