Australia

Details

  • Industry: Energy & Natural Resources, Mining, Oil & Gas, Power & Utilities
  • Type: Survey report
  • Date: 23/08/2013

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

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 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.

 

Key insights

  • 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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Energy & Natural Resources

KPMG's Energy & Natural Resources team provides services to all key sectors: mining, oil and gas, power and utilities, renewables, forestry and water.