Enterprise Chamber: Mismanagement at Centric and Oranjewoud

The Enterprise Chamber previously ordered an investigation into the affairs of Centric and Oranjewoud. The investigation reports now show that mismanagement occurred at these companies. The former director and majority shareholder involved the companies in an escalating conflict with his ex-partner and increasingly behaved irrationally. This led to a series of lawsuits in which Centric and Oranjewoud were also indirectly involved, and a stream of ongoing negative media attention. As a result, both customers and business service providers lost trust in the companies, causing serious adverse effects for Centric and Oranjewoud. During the same period, Centrics board functioned inadequately. Successive directors repeatedly failed to resist the increasingly irrational behavior of the majority shareholder. There was no collegial governance at Centric: participation, opposition, and co-determination were silenced, circumvented, or ignored. According to the Enterprise Chamber, all this conflicts with fundamental principles of responsible entrepreneurship.