Law School

Corporate governance for small and mid-tier energy and resources companies

 

Further Information

Professor John Chandler
Co-Director
Centre for Mining, Energy and Natural Resources Law
(+61 8) 6488 1907
john.chandler@uwa.edu.au

 

 

 

 

KPMG in conjunction with the University of Western Australia (UWA) are pleased to release a survey report on Corporate governance for small and mid tier energy and resources companies.

This survey was conducted to gauge the views of Western Australian directors on corporate governance practices in the energy and resources sector as projects progress through their lifecycle. The report provides a firsthand view of the corporate governance challenges and practices of energy and resource companies. It shows the necessity of implementing an effective and scalable system of corporate governance as companies move through their project lifecycle and diversify their investments.

The report highlights practices and tools directors are adopting to best provide governance and oversee issues such as risk generally, together with disclosure, bribery and corruption.

front cover of KPMG report 2013Some key insights from the survey report include:

Current market conditions are volatile with major challenges including raising equity and bank finance, commodity price volatility and increasing costs generally.

Directors are scaling board size, tools and approach but this is varied in complexity to meet the demands of projects.

Managing bribery and corruption remains complex and many directors are still adapting to regulatory requirements.

Ethical business practices rates highest for directors governing all stages of mining companies at all project lifecycle stages
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