Yesterday we told you about the dividend payout to the former shareholders of BSI, and now that they've gotten that out of the way, the new owners are setting up their corporate governance.
The new board of directors met on Tuesday to declare that dividend. The chairman is Arsenio Burgos, the nominee from BSI Employee Holdings. The long-standing board member becomes the first Belizean Chairman as a gesture of goodwill from the majority shareholder. But his post - though prestigious - is mostly titular because The ASR Group ahs the majority shareholding and has four directors, Jonathan Bamberger Ricardo Lima, Celestino Ruiz and Armando Tabernilla. They are joined by Government's nominee Sir Manuel Esquivel.
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