WILLEMSTAD - The Supervisory Board of the Social Insurance Bank (SVB) has been vacant since the end of December, and a new appointment is delayed due to issues with the legal framework and profile requirements. The Foundation Bureau for Oversight and Standards of Government Entities (SBTNO) has refused to evaluate the proposed candidate as a result. 

In a recent advisory, Minister of Social Development, Labor, and Welfare (SOAW), Dayanara Roozendaal (KEM), has been urged to first amend the SVB Law. Only once the Corporate Governance Code is included and proper profile descriptions are established can the assessment process proceed. 

The proposed candidate, according to the advisory, meets the current legal requirements and brings a broad range of medical and managerial experience. However, the nomination has not been processed because, according to SBTNO, the procedure was not formally correct. 

This situation means that the SVB currently lacks an active oversight body, despite the board's critical role in monitoring policies, finances, and preventing mismanagement. The SVB handles the payment of premiums from citizens and employers for social insurance, making effective oversight even more urgent.