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THE FALKLAND ISLANDS DEVELOPMENT CORPORATION

The Falkland Islands Development Corporation commenced operations in August 1984, fulfilling one of the key recommendations of the Shackleton Report.  It is a statutory corporation incorporated under the provisions of the Falkland Islands Development Corporation Ordinance as amended and managed by the Falkland Islands Development Board.

The functions of the Corporation are to:-
(a)  encourage and assist in the economic development of the Falkland Islands;
(b)  advise the Falkland Islands Government on the development of all sectors of business in, or associated with, the Falkland Islands, including tourism, fisheries and any other existing or proposed area of economic activity;
(c)  advise the Falkland Islands Government on rural development, in particular the growth of business including agriculture in Camp, and the improvement of quality of life in Camp;
(d)  advise the Falkland Islands Government on government expenditure in agriculture;
(e)  advise the Falkland Islands Government on such other matters relating to the economic development of the Falkland Islands as the Government may refer to the Corporation or as the Corporation may consider fit; and
(f)  examine and advise upon proposals referred to the Corporation by the Executive Council [of Government] relating to the imposition or revision of tariffs, taxes, duties, quotas or other protective or developmental measures.  

The Corporation is not permitted to do anything which it knows to be contrary to any policy or political directive decided upon by the Executive Council [of Government].

The Falkland Islands Development Board consists of:-
*  the Chief Executive of the Falkland Islands Government
*  the General Manager of the Corporation
*  the Director of Agriculture of the Falkland Islands Government
*  two members of Legislative Council
*  two members of the farming community appointed by the Governor on the advice of Executive Council and after consultation with the Rural Business Association respectively
*  two members of the business community, not engaged in agriculture, appointed by the Governor on the advice of Executive Council and after consultation with the Falkland Islands Chamber of Commerce respectively.  

The Financial Secretary of the Falkland Islands Government (or his representative) and the Financial Controller of the Corporation may attend meetings of the Board and may speak to any matter before the Board but may not vote.  

The Board shall in relation to the performance of the duties of the Corporation regularly consult the Rural Business Association and the Falkland Islands Chamber of Commerce or panels of their members, formed for the purpose.

Address - Shackleton House, West Hillside, Davis Street, Stanley - Tel. 27211, Fax 27210

General Manager - Mr Julian Morris

 

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