Who owns St Paul’s British Primary School?
An NV is a Naamloze Vennootschap which is the Dutch term for a Limited Liability Company. St Paul’s British Primary School NV owns all of the land, buildings and financial assets. It is also the employer of the school staff. 99.2% of all the shares in the NV are owned by the St Paul’s British Primary School Foundation. The Foundation is established under Belgian law as a not-for-profit charitable trust. The Foundation has a Board of Directors and it is a requirement in the statutes of the Foundation that all Board Members are in good standing with St Paul’s Anglican Church. The remaining 0.8% of the shares are owned by two private individuals who have made clear to the Board that they do not wish to derive any financial gain from owning these shares.
