Badara

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MPN TO INCORPORATE IN BADARA
 
MANARA  ALBRAYD SRIA AL-MUSAMI
(If it’s in the Monsoon, it’s got to be true)
 
Chancellor’s Office, December 27, 5731:  The Majatran Pharmaceutical Network (MPN) was originally incorporated as a government non profit corporation of the Majatran Economic Association (MEA) largely as an alternative to 3M but based on a different economic model. Its board was selected by MEA member states and was pretty much the creature of the MEA.
 
As the MEA decayed, MPN separated from the MEA and became independent of it eventually operating with an independent self perpetuating board of directors doing business in 9 nations.
 
The Monsoon has learned MPN management is concerned about the viability of its legal status and has approached the Chancellor’s Office for help.  Chancellor Salman al-Makhtoum then met with Finance Minister Abdul Jabbar and Justice Minister Mehmed al-Radwan for suggestions.
 
The Justice Minister believed prior incorporation elsewhere is no bar to incorporation in the Jumhuriat, and once incorporated here MPN would enjoy the protection of the laws thereof.  Whether MPN incorporated as a for profit or non profit corporation would not affect that status
 
The Finance Minister suggested further that if  one or two seats on the MPN board of directors were held ex officio by Jumhuriat Ministry  officers, there would be a whole lot of protection against confiscation.
 
These suggestions were communicated to MPN management which the Monsoon has confirmed has adopted them with seats on the MPN board to be held ex officio by the Managing Director of Central Bank and the State Secretary to the Finance Minister.
 
So after half a millennium, MPN has returned home.


Justice Minister Mehmed al-Radwan