In a related matter if we are talking about transparency:

Why is it that we Vincentians continue to fool ourselves into believing that every ‘white’ investor can be trusted? The developments concerning Harlequin Property, developers of the Buccama Resort, is the most recent proof of how foolhardy we can be.

It is time persons here tell the truth about this investment. Harlequin Property, described as a UK-based overseas property sales agent responsible for soliciting investment in the Buccama Bay project, is under investigation by the Serious Fraud Office, UK, and the situation is so bad that Harlequin Property has lost two auditors in under three years.

http://thevincentian.com/come-clean-on-harlequin-property-p2830-112.htm

@Hal

This is a matter which the lawyers will debate with you. Why expose the shareholders if the Directors are the ones who have fiduciary responsibility?

We believe the Companies Act is heavily influenced by the Canadian version.

@ac

Thanks, missed that and kudos to them.

The Public’s Right to Know … I suppose if it is said enough times it may actually become a true Right…

David

As I said in an earlier blog, prior to the present Companies Act, shareholders were required to be registered at the Registry. The omission from the act has provided an avenue for fraud.

If it is in fact correct that the persons named are shareholders, it would appear that the Minister, who granted the tax concessions, should face a charge of misfeasance in public office. Even without integrity legislation holders of public office can be brought before the court for their corrupt acts. However, that would require a Director of Public Prosecutions that is willing to deal with people who can eventually promote him.

The people,s right to know was not an intent to spy or trampled on an individual rights to privacy. In our endeavour to be puritanical we might be overextending our hand in destrying the rights of every individual the pursuit of life. libery, and pusuit of happiness.

On the subject of massaging the news whats the latest on the George Pain v Hinckson court case. Has Hinckson responded in court? He seem to make it clear he was not withdrawing his grave accusations of Payne’s character and that he’s got proof. Over the years they have been whispers about Payne’s reputed immense wealth. Hopefully this law suit can shed some light. David BU let justice and the court system prevail will you..

the conflict of interest only arises if the shareholder being a govt official sits on the Board of directors of the company which can presenta certain level of biases leading to suspicion and certain perceptions by the viewing public also a blatant lack of ethics by the govt official whose first interest must be that of the people and not company. As for CUL release of names a practice which intself borders on being unethical since it is contractually bound to protect its shareholders..not a good idea

Carson C. Cadogan | May 8, 2013 at 6:12 AM |

DAVID

Since YOU are interested in clarity, why don’t YOU come and tell Bajans who YOU are and stop your crusade of damaging other people’s good character?

Carson………..what good character???? when everyone of them is hiding something or has something to hide. Please explain.

@ David

The sharehodlers are the legal owners of the company, be it limited by guarantee or a listed company, and the public has a right to know who owns the company it is dealing with.
If there is a secret register of shareholders then it creates a moral hazard, as has been pointed out, for fraud.
It is that simple.
Directors do not own the company, although they have a greater influence on how it is managed than many of the shareholders.

@Hal

We are on the same side of the argument whether using commonsense or a moral position to decide. However under the Companies Act the legal responsibility for the company is vested in the Directors. The Directors are obviously appointed via shareholder meeting.

Methinks Mr Skeritt doth protest too much. Makes me think that there is real truth in BU’s story!

By the way did anyone see Hartley Henry on Caribvision two Sunday nights ago? I could not believe my ears and eyes……………..this same Hartley Henry who ripped into Carol Martindale and threathened to expose her private life to all and sundry when she refused to put his poll on the front page of a Sunday paper……all this with David Thompson’s blessing…………….this same Hartley Henry was criticising journalism practices in news rooms. My,my,my!

Shareholders do not own company neither are their names listed as owners on the companies titles. they only interest is one mainly of providing capital in return for dividends or profits on their investments. in other words they are investors. .they can questions or make suggestions concerning policys of the company but are in no way effective in decision making or named as owners

PRODIGAL SON

“this same Hartley Henry who ripped into Carol Martindale and threathened to expose her private life to all and sundry ”

Stop telling lies!!!

Hartley did no such thing, Oh wait, “somebody told you so”.

Mr. Gullible.

This is truly mind boggling

An ANNOYMOUS MAN calling himself DAVID, is hiding under his bed with his laptop writing on an ANNOYMOUS BLOG he created CALLED BARBADOS UNDERGROUND.

This anonymous person is retyping information sent to him by email from members and supporters of the crooked, corrupt BARBADOS LABOUR PARTY. information WHICH HAS NO BASSIS IN FACT. He is well aware of the lies but chooses to disseminate them none-the-less. The purposes of this vicious campaign are character assassination, vilification, mis-information and trouble making. He is not only seeking to Bloody the fine character of outstanding Barbadians he has now sunk to a new low, even for him. The Right Honorable Prime Minister of Dominica’s good name is now being dragged through the mud because of this anonymous DAVID.

This is the man who is always seeking “integrity” from everyone but himself. He is such a hypocrite that he is demanding to know who is who but refuses to declare to all and sundry WHO HE IS!!!! That alone disqualifies him from asking any more silly questions.

Carson……………even you gotta admit, without David’s blog we would not know a quarter of what is really going on in Bim, and you certainly would not know what the opposition is getting up to for your titillation.

The taxpayers in Dominica are more than a little concerned about what Skerritt is getting up to, as they have all right to be…………….i know this, cause i also have a lot of relatives in Dominica and scattered throughout the Caribbean.

Carson………………i take it that yall have been trying really hard and cannot find out who he is…………..what’s the difference? transparency affects positive change in any society………..what is there to hide anyway?. Remember, your party said there will be transparency, what does it matter that it comes from a blog? They also said there will be integrity legislation…………

The leader of a foreign government should not own shares in a private business in Barbados.

@ Carson Cadogan.

David’s last name is Goliath. There you have it now so no more…..

I encourage others on this site to liken your puerile behaviour to that of a big child, a farmer visitor who when invited to his neighbour’s house walks in the front house and puts his muddy, garden boots, with mud and excrement on the front room table while stating in your infantile voice “I does do dis home at my house/pigsty”

Doan get you panties in a twist YET.

Take a look at what you would refer to as the gateway to Heaven, the source of all wisdom, de DLP webs*ite.

No I would feel dat a man like you, who does come in a nex man kitchen en tell he whu to cook cud recommend a site wid premiere culinary content en not de proctological excrement dat your brudders of de cloth does parade as PATHWAYS TO PROGRESS.

You still wid me?

Here you is telling David[BU] to undress heself fuh you to persecute he like de Spanish Inquisition en one only gots to look at you backyard en you going see a site dat get mek by de same advertising agency dat mek CGC advertisement “credible, reliabe, honest focused….

You tek one look at Fumble en de nex fellow AG Adriel Batwit en you wud see whu de biology teach tell me grand daughter de udder day

“Reptiles en lizards does not close dem eyes when dem is sleeping, de “focused” stare that you encounter wid dese creatures is not concentration but de blank vapid look of a creature that is asleep”

Go take a look at www;dlpbarbados.org and you will see that your party is so comatose that it has not changes its site since January and its content is 5 months dated.

Coitus Interuptus Cadogan, until that site is changed and its webmaster Ronald Jones awakens from his stupor i vote that you be banned from BU.

You just sent me back 76 years to my grandmother telling her grans the fairy tale of Rip Van Winkle and him sleeping for 100 years.

Leave David Goliath alone, your own substandard DLP site shows all of Barbados how, to be a DLP supporter requires that you have to have the RVW – Rip Van Winkle syndrome

No wonder your noble leader Fumble does daon say nuffin bout nuffin, he sleeping at the economic wheel.

I getting RPB compose a song bout all unna RVW’s fuh cropover later dis year.

Yeah Baffy i get a pieceuhjob writing ting fuh Laff It Off en Cropover, wuhloss dere i gone en put me foot in me mouf, dat pic at NCF gine now get cancel

CCC
I loathe to respond to anything you write.

You really think we Barbadians have short memories? Everybody can remember the attack on Carol Martindale by Hartley Henry and his threat to expose her.

One year after the DLP’s win in 2008, a poll was done and HH wanted it to be front page on the Sunday Sun. When she said that he could not decide what goes on their front page, he threatened to expose her. The PM backed HH, HH took the story to the Advocate, HH then took to BU and BFP and wrote horrible things about CM. The Nation did a front page editorial on the bullying of HH and reported the matter to an international agency.

You are a real a….hole!

Read sections 170 & 175 of the Companies Act and see if they can be of assistance in this matter?

David

This is your blog. You afford us the opportunity to share ideas and discuss politics here. The time has long pass for you to continue to allow one Carson C Cadogan to insult you as well as any of us who do not share his DLP view of Barbados. His latest attack on you is beyond the pale.

He had no attacks on you when prior to 2008, BU was all about David Thompson and the DLP and to get rid of Owen Arthur and the BLP. Now BU is a tool for the BLP. Truth be told, most comments here on BU have only gone anti government because of the shit the DLP is doing and that the DLP will not listen to sound advice. I also believe that most of the commentators on BU are not BLP supporters, they hate the NONSENSE this government is doing and so they speak up and out.

CCC is disgusting,irritating, obnoxious and a liar. The time has now come for you to ban CCC from this blog! I am sure most will agree with me. Even Mr pieceof the rock. Let CCC go on the out of date dlpbarbados facebook page and it will be all his to do as he will. He cannot be allowed to come into your “house” and treat you like dirt.

You deserve better.

@Prodigal Son

A comment is a comment and it should be read for what you can get from it and move on. Members of the BU household do not ascribe any other meanings to comments. We have had to ban a couple commenters over the years only because they were spammers and offensive combined. Recently we removed the ban. Post your comments and leave us to use our judgement, your annoyance is noted :-).

millertheanunnaki | May 8, 2013 at 12:03 PM |
“Why shouldn’t a leader of a foreign- government; own shares in private business in Barbados?”

Absolutely nothing wrong with such a decision to invest in a foreign commercial entity provided it is done in an obviously transparent and legal way.
If pretty boy Skerritt is the beneficial owner of any investment in the Bajan version of CUL then the citizens of both Dominica and Barbados need to know.

‘Ladyboy’ Roosevelt is known to be a very intimate bosom buddy of both the deadly ex-King David and Leroy Greenverbs Parris the Patron Saint of Lepers and AIDS Carriers.
We the citizens and taxpayers of both domiciles want to know if this privately close relationship has also extended to their business dealings and in particular any beneficial financial interests in CUL.
We want to know if the proposal of sourcing fresh fruits from Dominica for sale in Bajan supermarkets and food shops has been subsumed by financial jiggery-pokery or the CUL operation would be used to import fresh fruits from the Skerritt owned orchards in the land of the mountain chicken.

Only goes to show you can never trust these black pols of today who see politics as the career path to get rich quick. But you must recognise the big brains behind all these schemes. The one constant factor is Leroy Parris in association with his mentor Duprey who have all of these corrupt politicians in their deep pockets.
Did you not even stop to wonder why a non-regional brand of food importation business which is a massive consumer of foreign exchange would have been granted such astronomically unusual tax and other concessions by a political party administration eternally indebted to Leroy Parris to over $50 million in campaign contributions thanks to the stupid policyholders with the acronym CLICO IS NOT BIPA?

One can understand such uniquely generous concessions being granted to net forex earning FDI enterprises but to an importer and distributor of processed GM foods and Chinese made goods not only beggar belief but makes only pure politically corrupt sense where intimately rear intercourse oils the brown-coloured wheels of financial transactions giving meaning to the modern meaning to the term ‘cross-border trading’ within a ‘rear guard’ spirit of CSME.
Don’t be surprised if the doctor called Shortie Doggie Douglas practising in St. Kitts is also mired up to his stethoscope in similar regional financially faecal corruption.

There is that name THOMPSON again. Who at THOMPSON & ASSOCIATES signed the $3m cheque? The party now start!!