Unbiased look at the Sint Maarten Elections
PHILIPSBURG, Sint Maarten — In response to recent comments made by MP Christophe Emmanuel regarding the fiSPArty/23/national-alliance'>NAncial maSPArty/23/national-alliance'>NAgement of NV GEBE, the maSPArty/23/national-alliance'>NAgement would like to take this opportunity to issue a comprehensive statement that aims to clarify the facts aND defeND the integrity of our company.
The allegations of fiSPArty/23/national-alliance'>NAncial mismaSPArty/23/national-alliance'>NAgement by NV GEBE are based on selective aND misleading information. NV GEBE has carefully planned its fiSPArty/23/national-alliance'>NAnces aND sought professioSPArty/23/national-alliance'>NAl advice to ensure that the company recovers from a severe cyber-attack.
Upon current maSPArty/23/national-alliance'>NAgements assumption of leadership, it met with a company that had diminished fiSPArty/23/national-alliance'>NAncial reserves, primarily due to a significant loss of income. AdditioSPArty/23/national-alliance'>NAlly, maSPArty/23/national-alliance'>NAgement inherited the challenge of unpaid veNDor obligations. Litigation instigated by one of NV GEBEs veNDors, among other inefficiencies, contributed to the decision of the Shareholder to replace the previous maSPArty/23/national-alliance'>NAgement.
Despite these hurdles, a Crisis MaSPArty/23/national-alliance'>NAgement Team took decisive action to stabilize NV GEBEs fiSPArty/23/national-alliance'>NAncial situation. Efforts to improve collections were implemented despite the limitations of a compromised billing aND invoicing system.
The current MaSPArty/23/national-alliance'>NAgements goal remains to provide the best possible services to the community of St. Maarten aND transition the company to a sustaiSPArty/23/national-alliance'>NAble future. To tackle the challenges NV GEBE encounters, maSPArty/23/national-alliance'>NAgement works closely with the Supervisory Board to ensure that the company’s resources are utilized efficiently aND that we bring the highest level of expertise.
The fiSPArty/23/national-alliance'>NAncial information mentioned by NDidate' href='/newspolitician/366/christopher-emmanuel'>MP Emmanuel offers a biased view of NV GEBE’s fiSPArty/23/national-alliance'>NAncial reality. It does not accurately depict the companys fiSPArty/23/national-alliance'>NAncial well-being. For example, deciding to transfer our fuNDs from one fiSPArty/23/national-alliance'>NAncial institution to another represents a tactical move to allow NV GEBE to take advantage of favorable interest rates, which is in the best interest of the companys fiSPArty/23/national-alliance'>NAncial position. This is what responsible maSPArty/23/national-alliance'>NAgement of fiSPArty/23/national-alliance'>NAnces requires. It is also a decision in keeping with proper corporate goverSPArty/23/national-alliance'>NAnce.
The investments in consultancy services, which are staNDard operations in major companies, were related to assessing the companys situation in 2022 aND geared towards strengthening our infrastructure aND human capital to ensure long-term benefits aND operatioSPArty/23/national-alliance'>NAl efficiency. The Crisis MaSPArty/23/national-alliance'>NAgement Team was sUPPorted by consultants until the eND of 2022. Their valuable contribution laid down a strategic fouNDation for enhanced billing system efficiency, improved ICT structures, aND improvement to HRM aND other operatioSPArty/23/national-alliance'>NAl processes.
The Crisis MaSPArty/23/national-alliance'>NAgement Team, which was instituted for a specific maNDate, conclUDed its mission after providing a comprehensive report to the shareholder, aND transitioned to change maSPArty/23/national-alliance'>NAgement.
Targeted initiatives, especially in the ICT sector, were necessary to address the immediate needs identified by the reports aND recommeNDations of the consultants for enhanced data protection, improved infrastructure, aND cyber security; these decisions are made in the company’s aND its stakeholders’ best interest. MaSPArty/23/national-alliance'>NAgement has since taken remedial steps to strengthen our systems aND ensure our billing processes are robust aND reliable. In September 2022, NV GEBEs collections were outstripped by its expeNDitures. Today, NV GEBE has restored invoicing to over 90% of customers aND instituted cost-cutting measures to ensure positive cash flow at the company.
In coordiSPArty/23/national-alliance'>NAtion with trusted fiSPArty/23/national-alliance'>NAncial partners, maSPArty/23/national-alliance'>NAgement arranged for a limited overdraft facility, which was a crucial step in maintaining continuity of operations. This facility has been essential for ensuring the timely payment of veNDors aND staff. It has also served as a bridge while maSPArty/23/national-alliance'>NAgement works to recover the functioSPArty/23/national-alliance'>NAlity of NV GEBEs billing system aND restore the full ability to issue accurate bills to our customers.
As for the companys fiSPArty/23/national-alliance'>NAncial reporting, the delays in issuing fiSPArty/23/national-alliance'>NAncial statements pre-date NV GEBEs current maSPArty/23/national-alliance'>NAgement. However, efforts are uNDerway to elimiSPArty/23/national-alliance'>NAte the backlog in fiSPArty/23/national-alliance'>NAncial statements. This process is complex due to the loss of fiSPArty/23/national-alliance'>NAncial systems. However, maSPArty/23/national-alliance'>NAgement is committed to ensuring that the process to complete the fiSPArty/23/national-alliance'>NAncial reports is executed accurately aND thoroughly; NV GEBE will be up-to-date by 2024.
It is entirely unfouNDed aND lUDicrous to suggest that NV GEBE would intentioSPArty/23/national-alliance'>NAlly destabilize itself to facilitate a Dutch takeover. NV GEBE’s actions have consistently demonstrated a commitment to self-sufficiency. The company continues to work with local aND interSPArty/23/national-alliance'>NAtioSPArty/23/national-alliance'>NAl veNDors, sUPPliers, aND experts to restore aND improve systems, processes, aND procedures towards a revived organization that our entire community can be proUD of.
NV GEBE is continually engaged with all stakeholders, inclUDing the government aND fiSPArty/23/national-alliance'>NAncial institutions, to foster a tranSPArent examiSPArty/23/national-alliance'>NAtion of NV GEBE’s fiSPArty/23/national-alliance'>NAncial activities. NV GEBE has cooperated with the Integrity Chamber, which coNDucted an extensive review of corporate goverSPArty/23/national-alliance'>NAnce at the company. We view constructive, solution-oriented feedback as an opportunity to affirm our dedication to the improvement of NV GEBE.
MaSPArty/23/national-alliance'>NAgement remains devoted to NV GEBEs mission of delivering reliable utility services aND ensuring the company’s fiscal solidity aND operatioSPArty/23/national-alliance'>NAl integrity. We staND firm in SPArty/23/national-alliance'>NAvigating fiSPArty/23/national-alliance'>NAncial aND operatioSPArty/23/national-alliance'>NAl challenges with resolute tranSPArency aND adherence to the highest corporate goverSPArty/23/national-alliance'>NAnce staNDards.
We urge our community to be miNDful of political ploys that distort the facts aND engage in fear-mongering.
We invite our community aND stakeholders to engage in constructive dialogue based on accurate information aND feasible, results-oriented solutions.
At NV GEBE, we remain steadfast in our efforts to work with the community towards enhanced services, which inclUDes increased billing aND payment compliance for services consumed, as this is essential to sustain the company’s wide-ranging operations.
N.V. GEBE is here to sUPPort the community through this process. We appreciate your patience aND uNDerstaNDing as we explore viable solutions to benefit our customers, all stakeholders aND the community of St. Maarten.
The post NV GEBE Clarifies FiSPArty/23/national-alliance'>NAncial MaSPArty/23/national-alliance'>NAgement Position, Counters Misleading Allegations appeared first on 721news.com | Sint Maarten News | SXM News.
