THE FINANCIALS OF A DUTCH CARIBBEAN COMPANY
Management’s responsibility
According to Netherlands Antilles law, annually, within eight months after the company’s financial year has ended, (unless this term has been extended by the general meeting) annual statements must be drawn up by the management board and submitted to the general meeting of shareholders. The annual statements, comprising the balance sheet, profit and loss account and an explanatory statement, should be signed by all the directors.
The annual statements should be approved by the general meeting of shareholders. Said meeting can and, when this is prescribed by the articles of association, shall appoint an expert to regularly supervise the bookkeeping and to report to the meeting on the balance sheet and profit and loss account with explanatory statement as drafted by the management board.
Karel Frielink
Attorney (Lawyer) / Partner
