The Hobrazian Development Corporation is a general purpose conglomerate sponsored by the Hobrazian government, Endralon, Yingdala, and Davostan. The HDC's mission is to nurture critical industries in Hobrazia and develop needed infrastructure. As a public-private partnership, the HDC has extensive activities stretching across all sectors of the Hobrazian economy, but must also meet high standards and be accountable to the public.
Key Figures
Date of founding: January 4904
Valuation: $2,000,000,000
Shareholders
- Hobrazian government: 350,000 shares (35%)
- Private Hobazian investors (TBD): 200,000 shares (20%)
- Endralon: 270,000 shares (27%)
- Yingdala: 110,000 shares (11%)
- Davostan: 70,000 shares (7%)
Board of Directors (TBD)
- CEO:
- Ministry of Finance-appointed:
- Parliament-appointed:
- At-Large 1 (dedicated to Endralon):
- At-Large 2 (dedicated to Endralon):
- At-Large 3 (dedicated to Endralon):
- At-Large 4 (dedicated to Yingdala):
- At-Large 5 (dedicated to Davostan):
- At-Large 6:
- At-Large 7:
- At-Large 8:
- At-Large 9:
- At-Large 10:
Documents
Authorization Bill
Charter
Article I. Terms of Incorporation
Section 1. The mission of the Hobrazian Development Corporation (HDC) is to encourage the growth of industry and critical infrastructure in Hobrazia.
Section 2. Upon incorporation the HDC shall have 1,000,000 shares.
Section 3. Shares in the HDC are to be sold in lots according to the following formula:
A. 35% to the Hobrazian government.
B. 20% to Hobrazian-registered private firms.
C. 45% to foreign-owned corporations and governments.
Section 4. The Hobrazian government shall set the price of shares in the HDC and administer the sales. 20% of all proceeds shall be payable to the Hobrazian government.
Section 5. 50 years from incorporation, the Hobrazian government shall have the right to purchase back as many shares as desired from foreign investors. The share price will be set according to a fair valuation of the HDC's worth.
Section 6. 60 years from incorporation, the HDC shall become a publicly-traded company.
Article II. Business activities
Section 1. The HDC shall seek to implement vital infrastructure in Hobrazia.
Section 2. The HDC shall have first right of refusal for any major public works, infrastructure improvement, or service contract proposed by the Hobrazian government.
Section 3. In exchange for such preference, the HDC shall offer a 10% discount on all goods and services provided to the Hobrazian government.
Section 4. The HDC shall be prohibited from oil drilling or refining. However, the HDC may provide services and goods to oil extraction firms.
Article III. Governance
Section 1. The first CEO of the HDC is to be chosen by the Hobrazian Ministry of Finance. Subsequent CEOs shall be elected by the Board of Directors.
Section 2. The HDC's Board of Directors will consist of 12 seats:
A. 1 seat appointed by the Hobrazian Ministry of Finance.
B. 1 seat appointed by the Hobrazian Parliament.
C. 10 seats elected by HDC shareholders. Each foreign nation with at least 10% of shares will be designated at least 1 seat.
Section 3. HDC Directors are to have a term of 5 years, and no individual may serve more than 2 terms.
Article IV. Investor relations
Section 1. The HDC Board of Directors shall determine a fair dividend.
Section 2. The HDC must have a significant dividend, not to fall below 5% of the company's profits or to exceed 20%.
Section 3. The HDC shall pay a dividend to its shareholders annually.
Article V. Dissolution
Section 1. 100 years from incorporation, the HDC shall split into at least 4 separate companies.
Section 2. Companies formed after dissolution shall be publicly-traded.
Section 3. Following dissolution, the Hobrazian government shall sell its shares of the subsequent companies.
Section 4. The process of dissolution shall be overseen by the Hobrazian Ministry of Finance.
Article VI. Amendment
Section 1. This Charter may be amended by a 2/3 vote of the HDC Board of Directors, subject to a simple majority vote of the shareholders.