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Dubbo City Development Corporation Limited ("DCDC") provides, through its appointed Board of directors, leadership and direction to job creation, investment growth and business attraction for the City of Dubbo and the Orana region. It has a current strategy relating to its core business activity and the performance of DCDC is measurable, accountable, and underpinned by specific Key Performance Indicators ("KPIs") provided by the Dubbo City Council though the Dubbo Economic Development Services contract currently awarded to the DCDC for a six-month period commencing in May 2011.
DCDC is a public company, limited by guarantee, and is governed by the Corporations Act 2001 (Commonwealth) incorporating an independent Board of Directors comprising of up to nine (9) autonomous people of diverse private and public sector backgrounds, qualifications and experience who have kindly volunteered their valuable time to assist the DCDC and Dubbo in achieving its goals and objectives.
Each director represents a key economic development sector in the Dubbo Local Government Area ("LGA") and, as such, provides valuable insight to their respective industries at Board meetings and informal meetings during their tenure as Board directors.
On most occasions, the DCDC is obliged to enter into Non-Disclosure Agreements ("NDAs") with potential businesses looking at opening their operations in Dubbo either through expansion; relocation or start-up. Majority of the businesses dealing with the DCDC have a point-of-difference and insist that there is a level of 'comercial-in-confidence' during the facilitation period which could be anywhere from 6-months to 3-5 years depending on the business opportunity. The NDA entered into between the DCDC and the business contemplating moving to Dubbo or an existing business considering a merger or acquisition is correct protocol within the confines of the Corporations Act and part of each DCDC director`s fiduciary.
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