PNG SUSTAINABLE Development Program (PNGSDP) Ltd chairman Sir Mekere Morauta called on the Prime Minister to stop twisting facts when talking about the company. “His comments in Question Time on Friday were inaccurate and misleading once again,” Sir Mekere said yesterday“I call on the Prime Minister to stop hiding behind Parliamentary privilege when making these comments,” he said in a statement.
Sir Mekere said Peter O’Neill should seek proper advice about PNGSDP and a director for life, adding that it was untrue and he challenged O’Neill to prove it. According to the statement, PNGSDP was a company limited by guarantee and such companies did not have shareholders. Sir Mekere is a member of the PNGSDP and as such, does not derive any benefits from the PNGSDP other than board fees. It said that Sir Mekere was not a director for life as claimed by O’Neill. He has a fixed term like all directors, a reform he introduced along with a fit and proper persons test for directors. “The recent changes to the company’s memorandum and articles of association were aimed at protecting the structure, independence and integrity of the company. “They were carried out in accordance with the memorandum and articles of association and did not require the consent of the State.” Sir Mekere said PNGSDP had not moved its operations to Australia as O’Neill had claimed. The company’s offices in Singapore, Port Moresby and Daru were operating in their usual capacity. The company had however moved some files and equipment to a small Australian office for security reasons. “The Prime Minister is also seriously misinformed about the sale of Cloudy Bay Sustainable Forestry Ltd and PNGSDP’s attempts to sell its communication towers in Western. “Both decisions were forced on the company by the Prime Minister’s expropriation without compensation of the Ok Tedi mine and by his contact attacks on the structure integrity and independence of PNGSDP. Comments are closed.
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