Monica Peterson Case Study Video
Monica Peterson Case Study.
April 20, Listen: Somaliland is an autonomous region in the Horn of Africa that unilaterally declared independence from Somalia in Since its self-declared independence, Somaliland has maintained democratic governance and regularly scheduled elections through the government of the Republic of Somaliland. Not only has Somaliland maintained democratic governance, but it has also made continual efforts to improve this governance.
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The Law creates a framework for Somaliland to establish and administer special economic zones within the rule of law. This is an indicator of how serious Somaliland is about attracting international investment.
Additionally, the Authority will serve as the sole government interface for all enterprises within a zone. Finally, the Authority will be structured in a manner similar to a corporation, with a Governing Board and a General Manager that serve similar functions to a corporate board and a chief executive officer. Moreover, there is the General Manager of the Authority, who according to Article 15 is appointed by the President of Somaliland with the advice of the Governing Board.
Article 15 further expounds on the required qualifications that the General Manager must have in order to be appointed, that the General Manager serves as the chief executive officer of the Authority, and the responsibilities of the General Manager, which focus on managing the day to day operations of the Authority. This part of the Law does a good job at establishing an organization that is aimed at and capable of effectively operating SEZs. This is done in two ways. First, the Law gives the Authority the power necessary to fulfill its designated functions. Second, the Law creates a governance structure that will Monica Peterson Case Study able to wield the power that it has been given to effectively meet the goals of the Monica Peterson Case Study. Under Article 16, the Authority can receive funding from three sources: rents, fees, and other sources of income that the Authority accrues from operating SEZs, funds allocated to the Authority from the government of Somaliland, and any other sources of income that may vest or accrue with the Authority over the course of its operations.
Article 17 of the Law requires that The Importance Of Safeguarding Authority keeps proper accounting practices and reports their finances to the Auditor General of Somaliland.
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Furthermore, Article 18 of the Law sets out the requirements for the annual budget for the Authority, and Article 19 of the Law requires that the Authority gives both the Board of Governors and the President an annual report on the Authority. Funding is a critical issue for a business oriented government organ in a developing country. SEZs can serve as crucial Monica Peterson Case Study for bringing funding to the government of Somaliland. While the Authority may need to start off with funding allocated to it by the government, the explicit authorization enabling the Authority to fund itself with income it receives from the course Cxse its operations enables the Authority to push toward policies aimed at profit.
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Article 20 requires that the President of Somaliland give approval to any agreement between the Authority and an SEZ developer. This Article also requires that the Authority issue a license to any such developer in accordance with a different part of the Law. Article 21 requires that any SEZ developer that the Authority contracts with be in a suitable financial position, have a credible development plan, and pay a fee to the Authority. Furthermore, Article 22 requires there to be click here development agreement, but allows for the developer to enter into this contract without incorporating Monica Peterson Case Study separate entity in Somaliland.
This part of the law allows for the Authority to contract out the development and management of SEZs to experienced partners.]
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