CAft: “Enhance control of government participations”

Oranjestad – The Board of Financial Supervision Aruba (CAft) applauds Aruba’s intention to become the first country in the Caribbean part of the Kingdom to implement clear policy for the management of government participations and dividends. This policy, along with a new code of conduct for corporate governance, may help Aruba to identify financial risks at state-owned companies in an earlier stage, and to achieve more results and social return from these companies. Considering past experiences, in this context, the CAft emphasizes the necessity to actually implement such policy and to apply it in practice.