The report provides a firsthand view of the corporate governance challenges and practices of energy and resource companies.
It also highlights practices and tools directors are adopting to best provide governance and oversee issues such as risk generally, together with disclosure, bribery and corruption.
- 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.