Establish and strengthen Noonu Atoll Local Authority Company
Recognizing the potential of a strong Noonu Atoll Company to drive economic development and improve service delivery in atoll is crucial. This initiative will involve ensuring proper registration and a solid legal framework. It will also define the company's share capital structure and establish sound financial management practices. The council will play a guiding role by directing the company's corporate governance policies. To foster collaboration, council will sign Memorandums of Understanding (MOUs) with key stakeholders. Additionally, council will provide the company with necessary office space and infrastructure. To ensure efficient operations, it will introduce a direct procurement policy and strong corporate governance practices. Finally, close collaboration between council staff and the LAC will be crucial for its success.