sharing in governance of extractive industries
In the last two decades, African governments have increasingly adopted proactive policies towards state equity participation in the extractives sector and in PPP projects. This approach has led to the creation of state-owned companies, including National Mining Companies (NMCs), which oversee sovereign participation in private companies.
It is argued that state equity participation can help African countries to protect their national interests, generate additional revenues from commercial profits and fiscal benefits, and build national capacity in resource management through the transfer of managerial and technical skills. At the same time, state equity participation and membership on Boards of Directors creates potential conflicts of interest. Good governance is critical to achieving the above benefits while minimizing the appearance of conflict.
In keeping with the aforementioned challenges, ALSF and the CONNEX Support Unit will implement an executive training for members of Boards of Directors acting as state representatives. The training will be conducted in English. Plans exist to organize a similar training in French in the beginning of 2018.
The training will help participating African governments and their representatives to better understand the issues behind the effective management of state equity participation, at both the international and national levels. Topics will include the fiduciary duties of directors, risk management, potential conflicts of interest, and best practices in corporate governance.
The training program will feature interactive discussions, practical exercises, case studies, group presentations, and discussions on issues related to state equity participation management in the extractive sector and PPPs.
The training’s faculty is drawn from the Institute of Directors Southern Africa and international law firms (Herbert Smith Freehills and Jones Day).
In order to ensure maximum engagement and benefit, we have capped the participation of this training to 30 government representatives who currently serve as directors in companies with state equity participation.
The training’s organizers will cover the registration fees and accommodation, lunches, and coffee breaks for the duration of the workshop. The participants and their organizations are responsible for visa costs and transportation costs (including flight tickets to and from Rwanda, and shuttle between the airport and hotel in Kigali).
Participants will also have to cover their own expenses and daily subsistence costs during their stay in Kigali, Rwanda.
Interested participants should submit the completed application forms to firstname.lastname@example.org by Thursday 26 October 2017. Applicants will be notified of the outcome by 1st November 2017.
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