Company Ushers in 'Shareholder Democracy'Raleigh, New Wessex. After 20 years of governance in Gaduridos, The Imperial East Terra Company has opened its shareholders' council to democratic elections. The move has prompted the formation of three shareholder groupings - the Native Capital Alliance, the Slaybackian Shareholders Conglomerate and the present Imperial East Terra grouping. Under the terms of the elections act, any native over the age of 30 or Pontesian citizen over 24 in possession of at least 35,500 GAD worth of shares in the IETC may submit their name for consideration to the regional Company Shareholders' Convention. All Company Shareholders will then be applicable to vote for their most favoured candidates with one share equalling one vote up to a maximum of 12,000 shares. The chosen candidates will then be forwarded to take part in the national elections where the entire voting public may vote. Chief Factor, Thomas Barnes, stated that 'the new election system introduces a new democratic element to the Company while ensuring that the benevolent structure of the Company is maintained and that we may continue with our stated aim of advancing the march of civilisation in Gaduridos and Fotheringhay.'
Some native groups have criticised the amendment by calling it a 'piecemeal gesture aimed at continuing the status quo of Pontesian elite domination'. A spokesman for The Company refuted such criticisms by stating that 'Gaduridosians have never in their history been given the opportunity to vote in true and fair elections for their most favoured candidate - The Company has changed that.'
Company Launches Expedition to the EastRaleigh, New Wessex. Chief Factor, Thomas Barnes, has announced an exciting new Company expedition to the previously unexplored Eastern Territories. The purpose of the expedition is to 'advance the knowledge of Terra, identify new tribes and lands and open those new found people to civilisation and trade.' The Company has already spent 5 billion GAD on organising a large expeditionary group who will establish trading posts along the east coast of what Barnes is calling 'Terraincognita' and send out parties to explore and map the interiors. Later stages of the plan include the construction of railways and facilities to gather and export resources to Gaduridos. It is understood that The Company is currently negotiating with parties in the Crownlands of Hulstria for the establishment of the first of these hub stations.
Chief Factor, Thomas Barnes in the uniform of Commander Company Forces, believes Gaduridos will be at the centre of a 'massive Eastern trade triangle' by extracting raw materials from Terraincognita, shipping those resources to Gaduridos for processing before sending the product onto the international market.
It is believed that up to 10,000 people are currently involved in what is believed to be the biggest undertaking of any private corporation anywhere in Terra.
Red dots indicate proposed initial trading posts.
The Naval Forces of The Company will be providing extensive patrols of the projects with 8 Destroyers, 9 Frigates, both small aircraft carriers, 3 submarines and 9 mine counter measures vessels leaving their bases today. In addition 13,000 troops have been sent with the Navy to establish secure zones in preparation for the establishment of the trading hubs.
IETCS King William II leads a Company naval task force of 31 vessels to secure its proposed trading posts in Terraincognita.
Loyal Kingdom Celebrates 20 years of William's RuleGaduridos and Fotheringhay have marked the joyous occassion of King William II's 20th year of rule over the Loyal Kingdom by renaming South Vintalli, Williamsbourne meaning, 'William's fortified place'. Crowds of thousands celebrated the occassion in an open air free concert in Fort St George, Williamsbourne.