PALIKIR, Pohnpei—The Board of Directors of the National Oceanic Resources Management Authority (NORMA) has recently met with His Excellency David W. Panuelo, President of the Federated States of Micronesia (FSM), and the Honorable Aren B. Palik, Vice President of the FSM, so as to provide updates on NORMA’s programs and activities.
Over the course of the meeting, the Board of Directors described to the President and Vice President how NORMA ensures that the Nation’s marine resources are used in a sustainable way; how NORMA obtains the maximum sustainable economic benefits from these resources; and how NORMA promotes economic security for the Nation through their use. So far, revenue from fisheries is stable and secure with no cause for concern. Additionally, the Board discussed NORMA’s role in facilitating and providing advice to the Department of Resources & Development (as the development of the fisheries sector is within that Department’s portfolio).
During the meeting, the Board of Directors informed the President that the term of the current Executive Director concludes at the end of the calendar year. The Board advised that on the basis of its legal authority and in the exercise of its discretion, it has decided to advertise the position of Executive Director given that the Board is not inclined to renew the existing contract.