Buma/Stemra delays annual report after financial “errors”
Buma/Stemra's new CEO has promised a radical overhaul at the collection society after an audit of its 2015–16 accounts unearthed more than €6m unaccounted for
News By | 30 August 2017
Buma/Stemra has postponed the publication of its 2016 annual report after an investigation turned up “errors” in its financial reporting, its CEO has announced.
Wim van Limpt, who has led the Dutch collection society since 2016, has promised a package of reforms to make Buma/Stemra a more “market-oriented, viable and transparent organisation”, after law firm NautaDutilh discovered irregularities – including unacceptably high costs, amounting to a “failure to comply with accounting rules” – in its provisional 2016 accounts.
“I regret the results of…
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