Derisking for Investment - The Importance of Progressive Governance
(Room Garuda 10A, 1st Floor)
19 Sep 18
11:30 AM
-
1:00 PM
Tracks:
TRACK B - Finance & Investment
The topic ion the table is the importance of solid and progressive Governance – ie promoting the right Board Profile. 1. Within the Global context -Asia profiles consistently with the highest demand and growth profile for energy – conventional, renewable and energy efficient 2. Consistent against that profile - Asia energy regulatory regimes are increasingly presenting as more progressive, more robust and more stable. This is progress against both domestic and international commitment. Stabilisation of this ‘eco-system’ remains a matter for political leadership, initiation, repair and maintenance –so as with any modern energy economy – it remains work in progress; and 3. In terms of financing and investment the Asian Energy Market demonstrates an increasing interest from private sector investment. Whilst as a matter for debate, it seems to be finally reaching some satisfactory accommodation between blended financing public and private funding models. There is an increasing private equity appetite and a positive contemplation of value proposition of the public equity market. This contemplation suggests the value proposition of this 2018 Asia Power Conference of ‘shinning a light’ on the absolute importance of improving Governance. It must acknowledge that tight and progressive governance is a critical ‘tick box’ for energy investors, energy shareholders and host Governments. Whether this contemplation reflects ‘best case’ examples or consideration of a ‘blue-print ‘outlook for early stage companies it projects an important agenda item and a progressive external message for any Conference agenda. It is proposed that a session be dedicated to this importance of Good Governance issue. This session consistence with the proven DNA of this Conference could evolve as short lead ‘issue’ presentation by the author –followed by a robust panel which could contemplate – important issues such as; 1. The importance of promoting the return model. 2. The need to balance the return model against shared value - the social and environmental perspective; and 3. The Board’s role in promoting ongoing organisational innovation.