The Mrieħel En­ter­prise Zone Foun­da­tion holds its first an­nual gen­eral meet­ing

The Malta Business Weekly - - FRONT PAGE -

The first an­nual gen­eral meet­ing of the Im­rieħel En­ter­prise Zone Foun­da­tion was held on 15 Fe­bru­ary. Louis Far­ru­gia was nom­i­nated and sec­onded as Chair of the meet­ing.

In his open­ing ad­dress, Mr Far­ru­gia em­pha­sised the im­por­tant work that the Foun­da­tion was do­ing to im­prove Mrieħel. He stressed d that the role of the Foun­da­tion was both to for­mu­late a long-term vi­sion for the area as well as to ad­dress a num­ber of pri­or­ity prob­lems to al­le­vi­ate set­backs for both em­ploy­ers and em­ploy­ees.

The chair­man’s ad­dress was fol­lowed by a pre­sen­ta­tion from the CEO, Keith Fenech, who gave an over­view of the work car­ried out by the Foun­da­tion since its in­cep­tion. This work in­cludes the adop­tion of in­ter­nal poli­cies and pro­ce­dures for im­proved gov­er­nance, a clean-up cam­paign wherein over 180 tonnes of waste was col­lected, a waste col­lec­tion pi­lot project that is cur­rently run­ning, street light­ing re­pairs as well as main­te­nance of heav­ily de­graded stretches of roads in the area.

He ac­knowl­edged the con­sid­er­able sup­port of Projects Malta and the Min­istry of En­ergy & Projects, as gov­ern­ment’s rep­re­sen­ta­tives on the Board of Ad­min­is­tra­tors, in the work car­ried out dur­ing the year by the Foun­da­tion.

Etienne Borg Car­dona, trea­surer of the Foun­da­tion, pre­sented the au­dited ac­counts for the pe­riod 3 March up to 31 De­cem­ber 2016 as pre­pared by Deloitte. The au­dited ac­counts were ap­proved unan­i­mously.

Fur­ther­more, the AGM ap­proved a rec­om­men­da­tion of the Board of Ad­min­is­tra­tors to in­tro­duce three en­dow­ment bands for op­er­a­tors to be­come mem­bers. These bands are based on the num­ber of em­ploy­ees as well as the foot­print oc­cu­pied.

Fi­nally, the AGM also ap­proved a num­ber of changes to the deed of the Foun­da­tion aimed to fa­cil­i­tate the day-to-day op­er­a­tions of the Foun­da­tion.

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