PNG NAC to under Special Enterprise Review : Schnaubelt

 The Papua New Guinea  National Airports Corporation (NAC) will be undergoing a Special Enterprise Review into the affairs of NAC. 

In a statement, PNG Minister for Transport & Civil Aviation, Walter Schnaubelt made the announcement of the commencement of a special enterprise review.

Minister Schnaubelt 

Minister Schnaubelt says as minister responsible he is very serious in his efforts to improve the NAC, and will ensure that the recommendations on corrective actions are implemented in a structured and sustainable way after the review.

The Minister says the review is in line with the Marape - Rosso Government’s drive to restore stability and enhance operational efficiency, regulatory compliance, and financial sustainability at NAC.

Upon the announcement of the new Acting Managing Director for NAC Joseph Tupiri late last year, Minister Schnaubelt highlighted that NAC needs to undergo a full audit and review to know its organization status.

This is now fruitful with the Minister’s announcement of the commencement of a special enterprise review in NAC affairs.

Minister Schnaubelt says the review will cover legislative and regulatory frameworks that the organization operates under, look into the issues causing high director and executive turnover, propose a fit-for-purpose organizational structure, procurement of goods & services, revenue collection, and business sustainability and project implementation review.

He added it will help to identify the root causes of the issues causing instability at the NAC and recommend corrective actions for implementation by the government and the NAC Board.

He further pointed out, the review will minimise instability at NAC, improve corporate governance, enhance fraud prevention culture, refocus the organisation on its core mandate of safety & regulatory compliance, ensure a lean, mean, and cost-effective structure that enhances corporate governance, implement strategies to reduce/mitigate risks to regulatory compliance and lay the foundation for business growth and sustainability.

NBC News / PNG Today 

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