The Livestock Development Corporation (LDC) in Papua New Guinea has undergone significant developments with the appointment of its board members. Here are the key points regarding the appointment of the Board of Directors.
– Appointment Date: The new board and management team were appointed on October 22, 2020, through the portfolio minister’s office, as published in National Gazette No. G 690.

– Board’s Role: The Board is responsible for providing strategic leadership and direction to the Corporation, overseeing its operations, and ensuring it meets its mandate to develop the livestock industry in Papua New Guinea.
– Current Leadership: The Managing Director, Terry Koim, has been instrumental in the Corporation’s efforts to revitalize the livestock industry, including reclaiming LDC-owned land, reviving cattle stock, and rebuilding cattle ranches and abattoirs.

– Government Support: The appointment of the Board and Managing Director was made by the Marape Government, which has expressed its commitment to supporting the livestock industry and decreasing PNG’s reliance on meat imports.
– Responsibilities: The Board is expected to work closely with stakeholders, including government agencies, private sector entities, and smallholder farmers, to develop and implement policies that promote the growth and development of the livestock industry.

Some potential roles on the Board of Directors may include

– Chairman of the Board: Provides leadership and ensures the Board’s decisions align with the Corporation’s goals.
– Managing Director: Oversees the Corporation’s operations and implements the Board’s decisions.
– Executive Director: Assists the Managing Director and provides strategic guidance.
– Non-Executive Director: Provides independent judgment and advice to the Board.
– Independent Director: Ensures compliance with applicable laws and regulations, and provides guidance based on their expertise.