The Board of financial supervision Bonaire, Sint Eustatius and Saba is responsible for advising the governments of the public entities and the Minister, and for the guidance of the executive councils with the daily financial management.
The Board has the role to control and correct the financial administration of the public entities. This includes structuring and composing of the budget and the formulation of decisions with financial consequences.
The task of the Board in the budgetary process is to control and sometimes to compel. The Board advises on the draft budget, and it may also give recommendations for adaptations of the budget. The Board has to be given the opportunity to advise on adaptations of the budget as well. The Board has an important role on the supervision of the financial management of the public entities. The Board may at any time execute a review of the financial management and the arrangement of the financial organization, make agreements on this matter with executive councils and if necessary give instructions.
Raymond Gradus
Chairman
Mr. Raymond Gradus (1962) is chairman of the Boards of financial supervision starting July 1st, 2017. His appointment was extended by three years as of July 1st, 2020. Gradus studied general and business econometrics at the Katholieke Universiteit Brabant. In 1990 he obtained a doctoral degree in the economic science. Prof. Gradus has considerable administrative experience in the area of economic and financial management. At the beginning of his career (1984-1992) he worked as a scientific researcher and university lecturer. Subsequently (1992-2007) he held various (managerial) positions at the ministries of social affairs and employment, amongst others as director of Financial Economics (FEZ) and of Economic Affairs and Finance, which he combined with the function of (part-time) senior lecturer in financial and economic policy (1996-2004). In the following years (2008-2015) he was director of the Scientific Institute for the CDA. Since 2004 he is professor in governance and economics of the public and nonprofit sector at the Vrije Universiteit Amsterdam. Besides he is affiliated with the accounting department and the Zijlstra Center for Public Control, Leadership and Governance. In addition he is member of the Supervisory Board and Chairman of the audit committee of the Haagse Hogeschool.
Glenn Thodé
Member upon proposal of Bonaire, Sint Eustatius and Saba
Mr. Glenn Thodé (1965) is a member of the Board of financial supervision upon proposal of Bonaire, Sint Eustatius and Saba as of July 1st, 2020. Thodé holds a PhD in Law from the University of Groningen. Thodé started his career in the computer world, where he worked as a computer software instructor and system administrator for several years during his law studies (1992-1998). He made the transition to academia, where he first was associated with the University of Aruba as a freelance employee. Subsequently (1997) he briefly worked on a legislative project for Fundacion pa Naturalesa y Parke, Directorate for Housing, Spatial Planning and Environment (VROM) and World Wildlife Fund (WWF). From 1998 to 2002 he lectured at the University of Groningen while doing his PhD research. From 2002 to 2008 he was a scientific (senior) staff member at the University of Aruba. Thodé then started an administrative career as Lieutenant Governor of Bonaire (2008-2011). In 2012 he returned to academia where he became Rector of the University of Aruba, a position he has held so far. Glenn Thodé has been affiliated with various civil society organizations since 2002. He has chaired amongst others the Supervisory Board of the Stichting Algemeen Pensioenfonds Aruba, the Advisory Committee on the Evaluation of Consensus Kingdom Laws on Justice and the Advisory Committee on Scholengemeenschap Bonaire (SGB) to advise the State Secretary and the Minister of Education, Culture and Science. He was also member of the Evaluation Committee on the Political Structure of the Caribbean Netherlands (Spies Committee). From 2014, he has headed the BES Personal Data Protection Supervisory Committee. He has also been an editorial member of both the Antilliaanse Juristen Blad and the SNAAR series of Boom Juridische Uitgevers since 2015. As of 2017 he is chairman of the Electoral Council Aruba and starting this year he is chairman of the Nature Trust Foundation and member of the board of Stichting Scholengemeenschap Bonaire. Thodé has several legal publications to his name.
Hans Hoogervorst
Member upon proposal of The Netherlands
Mr. Hans Hoogervorst (1956) has been a member of the Boards of financial supervision upon proposal of the Netherlands since December 17th, 2021. After starting in the international financial sector in Washington, Mr. Hoogervorst returned to the Netherlands, where he worked as a policy advisor. He has also been active in Dutch politics for many years and has held various administrative positions.
After a period of four years as a parliamentarian, as of 1998 for four years Mr. Hoogervorst held the position of State Secretary for the ministry of Social Affairs. This was followed by a position as a Minister: after a short period in 2002 and 2003 as Minister of Finance, in 2003 he became Minister of Healthcare, in which capacity he replaced the health insurance fund with the current health care system.
Hereafter Mr. Hans Hoogervorst left politics and in 2007 he started at the Dutch Authority for the Financial Markets (AFM), where he was appointed Chairman of the Board. In 2011, he became Chairman of the International Accounting Standards Board (IASB) in London and member of the Financial Stability Board.