CG-3 | BEHAVIORAL GOVERNANCE, WHAT REALLY HAPPENS IN GOVERNANCE
What is Behavioral Governance and why that is important in the context of good corporate governance? Behavioral Governance refers to the study and application of psychological and behavioral principles in the governance process, focusing on how human behaviors, biases, motivations, and decision-making patterns influence corporate governance structures and practices. Unlike traditional governance frameworks that often […]
F-9 | Corporate Fraud: The Case of International Investment Group (IIG) $93 Million Loan Scheme and the Girobank Curacao NV
Some bank failures in Curacao are the consequence of large-scale fraud schemes. A lot of people think they know what happened at Girobank Curacao NV., but they don’t. Among all the versions I have heard, the true story of what unfolded I have not heard clearly till this day. I have taken it upon myself […]
F-8 | UNVEILING FRAUD IN HEALTHCARE: NAVIGATING INSURANCE AND BILLING SCAMS
With the recent presentation of the Parliamentary Inquiry Report on the construction of the Hospital on Curacao, it only seemed fitting to write a blog on healthcare fraud. In the vast landscape of healthcare, where complex billing systems and multi-party insurance processes intertwine, opportunities for fraud are unfortunately abundant. According to the “Report to the […]
C-9: CHATTING WITH GPT: THE MORAL HIGHGROUND
Powerful tools should be used. After playing around with GPT for some time, I found that even though it still is not 100% accurate or complete, it is good enough to use seriously. It still is a good idea to double-check and compare its answers against literature, news, knowledge bases, etc. But it is good […]
CG-2 | CORPORATE GOVERNANCE THEORY AND PRACTICE
This blog post will be on the dynamics between the theoretical rules of a Corporate Governance Code and their practical application in the real-world business environment. The contrast between what’s on paper and what actually happens can be striking. Why this blog? There has been a lot of Governance training these last few months. I […]
C-10 | CHATTING WITH GPT: CONFIDENCE VERSUS COMPETENCE
In the past few weeks, the concept of the Dunning-Kruger Effect has been discussed in our Council of Ministers “De Dames” setting. Trigger for the discussion was our perception that several leading figures on our island “overestimate” their competence and compensate by appearing confident. My conclusion: Research and blogging material. Now let’s jump into an […]
E-17 HET BELANG VAN DE WERELD HANDEL VOOR DE ECONOMIE
Internationale handel, de uitwisseling van goederen en diensten over nationale grenzen heen, is een pilaar geweest van de economische ontwikkeling en de onderlinge afhankelijkheid tussen landen, ook voor Curacao. Landen beschikken over verschillende kwantiteit en kwaliteit van productiefactoren die verschillende goederen en diensten voortbrengen. Internationale handel maakt deze verschillende goederen en diensten beschikbaar voor eenieder. […]
0-5 | BUSKANDO MAS DI HUMANIDAT DEN UN MUNDU DIVIDI
E biaha aki mi ta usa mi blog pa filosofia un poko riba (mi persepshon di) estado di nos mundu. Mi mente ta bula di un kos pa otro, mi tin hopi pensamentu pareu i ku tempu mi ta purba komprondé, pa mi mes kuadro di referensia, pakiko mi tin e pensamentu ei. E blog […]
F-7 | THE MANY FACES OF FINANCIAL FRAUD
The Many Faces of Financial Fraud: Navigating Through Credit Card Scams, Ponzi Schemes, and Beyond In today’s interconnected world, financial fraud has become a pervasive threat that looms over consumers and investors alike. From the depths of cyberspace to the tangible reality of our wallets, scammers employ an array of deceitful tactics to part individuals […]
O-4 THE UNSEEN RISKS, WHY IGNORING METRICS CAN SPELL DISASTER FOR BUSINESSES
This blog is a departure from my usual blogs about Economics, Investing, Governance and Fraud. Trigger for this blog is a phenomenon that I have been observing in my management and financial consultancy practice over the last 15 years. In an era where data-driven decision-making is king, it’s surprising—and concerning—to observe a significant number of […]