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PINA shreds charity status for limited company

Fijian media dominates Pacific body

At least three members of the board of directors of the new look Pacific Islands News Association Limited will have to be Fiji residents, the regional media body has confirmed. “The articles of association of the new PINA Ltd incorporates most of the provisions of the old PINA Constitution,” said PINA Limited’s President Moses Stevens of Vanuatu in his written response to Islands Business questions. “The only changes are in the structure of the executives of the new company and the compliance requirements under the Fiji companies’ law. “We now have a Board of Directors, comprising seven members, most of whom are now Fiji based PINA members.

The seven include the President and Vice President, Secretary, Treasurer and three members. Currently those three members are Fiji based for the purposes of compliance under the Companies Act. The PINA Office Manager becomes the Company Secretary. “On the advice of our lawyer, Chan Law, the President and Vice President were to remain for at least the first two years to oversee the smooth transition into the new company as they have been part of the process in taking PINA to becoming a company limited by guarantee.

The next level in the new company’s decision making process is the Executive Committee made up of representatives from PINA’s industry groups – radio, television, print and national media associations. The four with the President and Vice President make up the PINA Executive Committee.”

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