Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Giulio Carini, Global WItness
Exchange on request, automatic exchange of financial account information and TRACE (Treaty Relief and Compliance Enhancement), spontaneous exchange of rulings, country-by-country reporting, voluntary disclosure programmes.
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration and Monica Bhatia, Head, Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Presentation delivered at the University of Liechtenstein, Vaduz, addressing the general features of Italian tax law (both domestic and international) and with a specific focus on the New Tax System for High Net Worth Individuals transferring their residence for tax purposes in the Country.
IBSA Webinar on FATCA & Exchange of Information which took place on 27 January 2015. Presented by Ross Belhomme of Saffery Champness (Geneva) and Peter Grant of KPMG (London). To view the webinar on demand, please visit our Bright Talk channel at https://www.brighttalk.com/channel/11641
Exchange on request, automatic exchange of financial account information and TRACE (Treaty Relief and Compliance Enhancement), spontaneous exchange of rulings, country-by-country reporting, voluntary disclosure programmes.
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration and Monica Bhatia, Head, Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Presentation delivered at the University of Liechtenstein, Vaduz, addressing the general features of Italian tax law (both domestic and international) and with a specific focus on the New Tax System for High Net Worth Individuals transferring their residence for tax purposes in the Country.
IBSA Webinar on FATCA & Exchange of Information which took place on 27 January 2015. Presented by Ross Belhomme of Saffery Champness (Geneva) and Peter Grant of KPMG (London). To view the webinar on demand, please visit our Bright Talk channel at https://www.brighttalk.com/channel/11641
International Tax Planning as Viewed through the Eyes of BEPSLewis Rice
Lewis Rice attorney Timothy G. Stewart co-presented to the St. Louis International Tax Group on the OECD's efforts to address Base Erosion and Profit Shifting.
In July 2013 the OECD unveiled the Action Plan on Base Erosion and Profit Shifting (BEPS), which aims to develop a new set of standards to prevent double non-taxation and ensure that profits are taxed where they are actually generated. By Grace Perez-Navarro, Deputy Director, and Raffaele Russo, Head of the BEPS Project, Centre for Tax Policy and Administration.
Trade in services By. Ms. Allyson Francis - Trade in Services & Investment Sp...Antigua Epa
This session seeks to expose participants to the interpretation of and the sectors identified in the schedule of commitments taken by the EU and CARIFORUM States, paying particular attention to the sectors committed by Antigua and Barbuda, including but not limited to financial services, tourism, telecommunication services, marine services and transport, professional services, cultural services, health and wellness and construction services. The discussion will also focus on issues related to the provisions on Commercial Presence, Cross Border Trade and the Temporary Movement of Persons, as well as identify the implementation gaps and recommended actions to be taken by public and private sector stakeholders.
It also seeks to expose participants to the regulatory framework of the aforementioned services sectors of importance to Antigua and Barbuda.
International Tax Planning after BEPS - A Country SpotlightTIAG_Alliance
The OECD initiative against “Base Erosion and Profit Shifting” was
commissioned by the G-20 in 2013. Final deliverables were presented to the G-20 in November 2015.
“Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid. BEPS is of major significance for developing countries due to their heavy reliance on corporate income tax, particularly from multinational enterprises (MNEs.)”
Creators and Presenters:
• Russell Brown, LehmanBrown, China
• Florence Bastin, Fiduciaire du Grand-Duché de
Luxembourg S.à r.l. (FLUX)
• Fabrice Rymarz, Racine, France
• Simone Hennessy, HSOC, Ireland
• Fuad Saba, FGMK, Chicago, USA (Moderator)
Analysis of India's Economic liberalization with a focus on Challenges ahead. The harder more politically controversial reforms that are needed to get India on a 10% growth path
- How are US laws affecting other jurisdictions around the world?
- The changing concept of international tax laws: rethinking territoriality of tax laws
Lorraine White, MD, Head of EMEA Securities Tax and US Tax Services, BNY Mellon
Session by Simon Upton, Director, OECD Environment Directorate, 4 February 2016.
The session presented the outcomes of COP21, main challenges in implementing the Paris Agreement and implications for future policy priorities on climate. COP21 represents an important milestone in the international community’s fight against climate change, but the true measure of success will be in how countries implement the Paris Agreement to move to low-carbon growth. Meeting the ambition of the Paris Agreement will require effective policy alignment and cost-effective action to implement country emissions reduction commitments, and dynamism to ensure nationally determined contributions (NDCs) evolve to become more stringent over time. Governments will also need to undertake and strengthen adaptation measures to protect the most vulnerable, continue efforts to build greater transparency on progress towards NDCs and means of implementation, and scale-up climate finance resources, addressing residual methodological challenges on measuring, monitoring and tracking climate finance as they go.
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Former IDS Fellow, Philip Daniel, will explore design principles for taxing extractive industries and touch briefly on renewed challenges from the commodity price outlook, international tax problems and environmental imperatives.
Philip is co-editor and contributor for International Taxation and the Extractive Industries (Routledge, 2017) and for The Taxation of Petroleum and Minerals: Principles, Problems and Practice (Routledge, 2010). Philip worked at the Fiscal Affairs Department of the IMF in Washington DC, 2006-2015.
Phillip's recent advisory work has covered Nigeria, Trinidad and Tobago, South Africa and Uganda. He is now Honorary Professor, School of Social Sciences, University of Dundee in the Centre for Energy, Petroleum and Minerals Law and Policy. Philip was a Fellow of IDS from 1981 to 1994.
International Business Transactions has indeed made the world smaller and more developed. However due to the free cross boundary transactions, business entities are now able to generate revenue and not pay the appropriate taxes in their respective countries.
The G20 Countries had assigned OECD to come up with some non tax evasion rules so that the countries of the world may accept the same without any dispute.
This presentation covers the BEPS Rules suggested by OECD and explains the changes in Tax Laws that India has incorporated in order to align with BEPS and to curb Tax Evasion.
This presentation was performed by my GMCS Team during the GMCS 2 Course at Mangalore Branch of SIRC of ICAI.
Startup Basics: Money People and TechnologyRoger Royse
The Royse Law firm offers significant advise that early stage startups should ensure they understand. The slides contain great considerations that startups should utilize. Our team is a full service firm that provides legal counseling to many startups. Please contact us so we can help you ensure the health of your startup. (01/2018)
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Andre Van Zyl, Oak Ridge Mining Solutions
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Simon Village, Banro Corporation
International Tax Planning as Viewed through the Eyes of BEPSLewis Rice
Lewis Rice attorney Timothy G. Stewart co-presented to the St. Louis International Tax Group on the OECD's efforts to address Base Erosion and Profit Shifting.
In July 2013 the OECD unveiled the Action Plan on Base Erosion and Profit Shifting (BEPS), which aims to develop a new set of standards to prevent double non-taxation and ensure that profits are taxed where they are actually generated. By Grace Perez-Navarro, Deputy Director, and Raffaele Russo, Head of the BEPS Project, Centre for Tax Policy and Administration.
Trade in services By. Ms. Allyson Francis - Trade in Services & Investment Sp...Antigua Epa
This session seeks to expose participants to the interpretation of and the sectors identified in the schedule of commitments taken by the EU and CARIFORUM States, paying particular attention to the sectors committed by Antigua and Barbuda, including but not limited to financial services, tourism, telecommunication services, marine services and transport, professional services, cultural services, health and wellness and construction services. The discussion will also focus on issues related to the provisions on Commercial Presence, Cross Border Trade and the Temporary Movement of Persons, as well as identify the implementation gaps and recommended actions to be taken by public and private sector stakeholders.
It also seeks to expose participants to the regulatory framework of the aforementioned services sectors of importance to Antigua and Barbuda.
International Tax Planning after BEPS - A Country SpotlightTIAG_Alliance
The OECD initiative against “Base Erosion and Profit Shifting” was
commissioned by the G-20 in 2013. Final deliverables were presented to the G-20 in November 2015.
“Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid. BEPS is of major significance for developing countries due to their heavy reliance on corporate income tax, particularly from multinational enterprises (MNEs.)”
Creators and Presenters:
• Russell Brown, LehmanBrown, China
• Florence Bastin, Fiduciaire du Grand-Duché de
Luxembourg S.à r.l. (FLUX)
• Fabrice Rymarz, Racine, France
• Simone Hennessy, HSOC, Ireland
• Fuad Saba, FGMK, Chicago, USA (Moderator)
Analysis of India's Economic liberalization with a focus on Challenges ahead. The harder more politically controversial reforms that are needed to get India on a 10% growth path
- How are US laws affecting other jurisdictions around the world?
- The changing concept of international tax laws: rethinking territoriality of tax laws
Lorraine White, MD, Head of EMEA Securities Tax and US Tax Services, BNY Mellon
Session by Simon Upton, Director, OECD Environment Directorate, 4 February 2016.
The session presented the outcomes of COP21, main challenges in implementing the Paris Agreement and implications for future policy priorities on climate. COP21 represents an important milestone in the international community’s fight against climate change, but the true measure of success will be in how countries implement the Paris Agreement to move to low-carbon growth. Meeting the ambition of the Paris Agreement will require effective policy alignment and cost-effective action to implement country emissions reduction commitments, and dynamism to ensure nationally determined contributions (NDCs) evolve to become more stringent over time. Governments will also need to undertake and strengthen adaptation measures to protect the most vulnerable, continue efforts to build greater transparency on progress towards NDCs and means of implementation, and scale-up climate finance resources, addressing residual methodological challenges on measuring, monitoring and tracking climate finance as they go.
Session by Achim Pross, Head, International Co-operation and Tax Administration Division, OECD Centre for Tax Policy and Administration, Meeting of the OECD Parliamentary Group on Tax, 19 Oct 2015
Former IDS Fellow, Philip Daniel, will explore design principles for taxing extractive industries and touch briefly on renewed challenges from the commodity price outlook, international tax problems and environmental imperatives.
Philip is co-editor and contributor for International Taxation and the Extractive Industries (Routledge, 2017) and for The Taxation of Petroleum and Minerals: Principles, Problems and Practice (Routledge, 2010). Philip worked at the Fiscal Affairs Department of the IMF in Washington DC, 2006-2015.
Phillip's recent advisory work has covered Nigeria, Trinidad and Tobago, South Africa and Uganda. He is now Honorary Professor, School of Social Sciences, University of Dundee in the Centre for Energy, Petroleum and Minerals Law and Policy. Philip was a Fellow of IDS from 1981 to 1994.
International Business Transactions has indeed made the world smaller and more developed. However due to the free cross boundary transactions, business entities are now able to generate revenue and not pay the appropriate taxes in their respective countries.
The G20 Countries had assigned OECD to come up with some non tax evasion rules so that the countries of the world may accept the same without any dispute.
This presentation covers the BEPS Rules suggested by OECD and explains the changes in Tax Laws that India has incorporated in order to align with BEPS and to curb Tax Evasion.
This presentation was performed by my GMCS Team during the GMCS 2 Course at Mangalore Branch of SIRC of ICAI.
Startup Basics: Money People and TechnologyRoger Royse
The Royse Law firm offers significant advise that early stage startups should ensure they understand. The slides contain great considerations that startups should utilize. Our team is a full service firm that provides legal counseling to many startups. Please contact us so we can help you ensure the health of your startup. (01/2018)
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Andre Van Zyl, Oak Ridge Mining Solutions
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Simon Village, Banro Corporation
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Matthew Searle, Business Monitor International
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Nigel Ferguson, African Metals
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 2: Focus on ZImbabwe
Speaker: James Maberly, Critical Discussions
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 2: Focus on Zimbabwe
Speaker: Prince Mupazviriho - Republic of Zimbabwe
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 2: Focus on Zimbabwe
Speaker: Hon. Tapiwa Mashakada, MP - Republic of Zimbabwe
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Gerry Clarke, Minerals expert
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Peter Hooper, Kilo Goldmines
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Hal Kent, Roulston Resource Opportunity Fund
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: John Cumming, Merrex Gold
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 2: Focus on Zimbabwe
Speaker: Ritesh Anand, Invictus asset management
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Tony Harwood, Universal Coal
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 2: Focus on Zimbabwe
Speaker: Andrew Cranswick, African Consolidated Resources
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Glenn Laing, Plains Creek Phosphate
Fiscal Risk Advancements in Petroleum ContractsYasir Karam
Study analysis of determination of fiscal risk implemented in several models of petroleum contracts, a study within licensing bid rounds contracting system of Iraq
The Extractive Industries Transparency Initiative (EITI) is geared towards improving governance in the oil, gas and minerals sector. The EITI currently includes 53 countries across the world, half of which are in Africa. It is governed by multi-stakeholder coalitions representing business, governments and civil society organisations.
The EITI started out in 2007 by disclosing payments made by companies to governments in the form of license fees, taxes and other payments. Governments in turn disclosed payments they received from companies to identify possible discrepancies in reported revenues. Disclosures under the EITI are now increasingly fine-grained, focusing on identifying beneficial owners, publicising contracts, commodity trading transparency and project level investments. The EITI seeks to tackle corruption, promote accountability, strengthen institutions, and contribute to domestic resource mobilisation. The current approach also highlights gender and environmental considerations in government and company reporting.
Many EITI countries are currently facing a triple crisis occasioned by the Covid-19 pandemic: a health emergency, a massive fall in government revenues triggered by oil and commodity price falls, and an economic crisis caused by a huge reduction in global demand. This lecture explores the continued salience of governance and transparency work in the extractives sector during a period of acute global crisis, amid growing constraints on government budgets and capacity, and increasing limitations on civic space and advocacy.
This Sussex Development Lecture addresses this set of issues to place the EITI in a broader perspective as a leading global transparency and accountability initiative.
This lecture is part of the Sussex Development Lecture series: Global development challenges: towards a politics of hope.
Speaker
Mark Robinson, Executive Director of the Extractives Industries Transparency Initiative, EITI
In house Counsel Alert: Foreign and Domestic Corruption PresentationThis account is closed
In this audio presentation, Glen Jennings and Michael Misener (standing in for Kristine Robidoux) from Gowlings discuss Foreign and Domestic Corruption including, an overview of corruption globally; an outline of the Canadian legislative framework; and a discussion of some key case studies. They provide in-depth analysis of the Griffiths Energy Case and highlight what in-house counsel can learn from it.
Comval BK: New EITI Standards, Philippine Candidacy and PH-EITI Work PlanArticle33
New EITI Standards, Philippine Candidacy
and PH-EITI Work Plan
Atty. Alessandra V. Ordenes
National Coordinator PH-EITI
Compostela Valley - Bantay Kita - Article 33 Indonesia
SUBNATIONAL CONFERENCE ON
EXTRACTIVE INDUSTRY TRANSPARENCY INITIATIVE
Davao City, The Philippines, August 22-23, 2013
Transparency of resource revenues - Industry positionNadim Kara
A presentation on the public policy rationale for mandating that mining and energy companies disclose their payments to government, as was done in Canada.
Century Iron Mines Corporation | Corporate Presentation | November 2012
Speaker: Sandy Chim, C.A., Director, President and Chief Executive Officer
Company Information:
as of Nov 2012
TSX Venture: FER
52-Week high/low: C$0.92-C$2.50
Market Cap: C$97.0m
Recent Price: C$1.02
Shares: 94.9 million
Fully Diluted: 103.8 million
Website: www.centuryiron.com
Century Iron is Canada’s largest holder of iron ore land claims in a public company, with interests in several properties in the Provinces of Quebec and Newfoundland & Labrador. Century’s vision is to exploit its large property asset base to become one of the country’s largest iron ore producers.
Century has structured a unique strategic formula to pave the way to achieving its vision: It has attracted
WISCO and MinMetals, two of the largest Chinese state-owned enterprises, as equity investors and strategic partners (25% and 5% respectively). WISCO is a further 40% JV investor in individual projects, and these partners have committed to 60‑70% off-take agreements for future product. They will also procure to provide up to 70% of production capex on positive feasibility, in the form of nondilutive debt financing for the Canadian company.
Objective Capital's Industrial Minerals & Metals Resources Investment Forum 2012
Ironmongers' Hall, City of London
6 November 2012
Speaker: Alan Cruickshank, Gensource
Objective Capital's Industrial Minerals & Metals Resources Investment Forum 2012
Ironmongers' Hall, City of London
6 November 2012
Speaker: Catherine Feore, Adroit Resources
Objective Capital's Global Resources Investment Forum 2012
Ironmongers' Hall, City of London
25 September 2012
Speaker: Richard Williams, Helio Resource
Objective Capital's Global Resources Investment Forum 2012
Ironmongers' Hall, City of London
25 September 2012
Speaker: Gary Billingsley, Great Western Minerals
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
What are the main advantages of using HR recruiter services.pdf
Transparency in the extractive industries
1. AFRICA RESOURCES
INVESTMENT CONGRESS
Transparency in the Extractive Industries: New
Disclosure Rules for Publicly Listed Companies
Giulio Carini – Global Witness
IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 14-15 JUN 2011
www.ObjectiveCapitalConferences.com
2. Transparency in the Extractive
Industries: New Disclosure Rules
for Publicly Listed Companies
June 14, 2011
www.globalwitness.org
www.publishwhatyoupay.org
global witness
3. Revenue Transparency Regulation in US,
China and European Union
•United States: Section 1504 of Dodd-Frank Wall Street
Reform and Consumer Protection Act (Disclosure
of Payments by Resource Extraction Issuers)
• China: Hong Kong Stock Exchange new
Chapter 18 Rules for Mineral Companies
• European Union: Commitments to introduce
transparency legislation for extractive companies in
October 2011
4. Global Campaign for Revenue
Transparency
• Push for these new revenue transparency rules has largely
come from Publish What You Pay coalition
• Global Witness, a co-founder of Publish What You Pay: a global civil
society coalition that campaigns for transparency in the
•PAYMENT;
•RECEIPT; and
•MANAGEMENT of revenues from extractive industries
• New Disclosure Rules in US and China as well as those soon to be
implemented in Europe involve transparency in the PAYMENT of
revenues from oil, gas and mining industries
5. What Problems is Revenue
Transparency Addressing?
• Mismanagement and Misuse of Natural Resources: Oil, gas and
mineral resources generate great wealth, but if poorly managed
extractive revenues can also undermine economic growth and
heighten corruption
• The Resource Curse: many developing countries are rich in
natural resources, but as a result of mismanagement and misuse
of revenues received from these resources, these countries are
•
often mired in abject poverty and political instability
• Lack of Transparency affects companies and investors as
well: resulting poverty, instability and weakened rule of law
are not only bad for local people, they can also damage
company reputations and generate lower return for investors
6. Prime example of Resource Curse:
Nigeria
• Even though Nigeria is the world’s seventh-largest oil producer and Africa’s largest oil
exporter, more than 50 percent of the population live on less than $1 a day.
• Basic public services in Nigeria remain extremely poor, infrastructure is in bad shape
and a country with huge energy reserves is subject to frequent power outages
because of under-investment in its electricity grid.
• Within Nigeria, this failure of development is widely blamed on misappropriation of
public funds and assets by corrupt politicians.
• The Transparency International Corruptions Perceptions Index from 2010 ranks
Nigeria as 134 out of 178 countries in its corruption scale.
• The systemic looting of public funds in Nigeria has provided fodder for a violent
insurrection. This conflict has provided a mask for organised extortion and theft of oil
on an industrial scale and led to frequent guerrilla attacks on oil companies. Shell
claimed in July 2009 that Nigeria had lost a staggering US$47 billion which the
company would otherwise have paid in revenues, because these armed attacks had
forced Shell to cut back its oil production
7. What is the Ultimate Aim of
Revenue Transparency?
• Extractive companies should disclose what they pay (PAYMENT) and
governments should disclose their receipts of such natural resource revenues
(RECEIPT)
• Governments should publish their budgets so that civil society knows how natural
resource revenues are spent (MANAGEMENT)
• As a result, members of civil society in resource-rich countries will be able to
compare the two sets of data and hold their government accountable for the
•
management of this valuable source of income.
• Investors can judge whether extractive companies payments are appropriate for
the resources gained and whether the government and companies are participating
in a fair deal
• Protect companies from allegations of complicity with corrupt governmental
practices.
8. International Initiative for
Revenue Transparency of
Payments and Receipts
• Extractive Industry Transparency Initiative (EITI), voluntary
initiative launched by Tony Blair in 2002 in response to Publish
What You Pay
• Involves multi-stakeholder group compromised of governments,
private sector companies, investors and investor groups to
promote the public reporting of extractive industry payments and
•
receipts
• Both governments and private and public companies disclose
payment data, which allow civil society to compare data
• Problem with EITI: Voluntary approach and reliability of data
9. Mandatory Revenue Transparency of
Company Payments: New Disclosure Rules
• Change Stock Listing Rules: regulation requiring companies engaged in the
commercial development of oil, natural gas, or minerals that are listed on different
stock exchange globally to publish the payments they make to governments.
• Mandatory initiative which covers publicly listed companies is complementary to
EITI (push EITI process in other countries, reliability of company data in EITI)
• Aim is two-fold: a) Provide civil society with accurate information to begin to
hold their governments accountable for extractive revenues and b) provide
• with information to better assess a company’s exposure to potentially
investors
unstable or corrupt governments
• Such information can help civil society and investors judge whether extractive
company payments are appropriate for the resources gained
10. Section 1504 of Dodd-Frank: Disclosure of
Payments by Resource Extraction Issuers in
US
• US Dodd-Frank Wall Street Reform and Consumer Protection Act: US federal
statute signed by President Barack Obama on July 21, 2011 as a response to the
financial crisis
• Section 1504 of Dodd-Frank: a resource extraction issuer must disclose an annual
report relating to any payment made by the resource extraction issuer, a subsidiary
of the resource extraction issuer, or an entity under the control of the resource
extraction issuer to a foreign government or the US Federal Government for the
purpose of commercial development of oil, natural gas or minerals on a country-
•
by-country and project-by-project basis
• Rules have not yet come into effect. Final rules are expected on August, 2011 and
will come into effect approximately a year later
11. Who Needs to Disclose Under Section 1504?
• A RESOURCE EXTRACTION ISSUER:
• A) Required to file an annual report with the Securities and Exchange
Commission (10-K, 20-F, 40-F)
• B) Engaged in the commercial development of oil, natural gas or minerals
-includes activities of exploration, extraction, processing, export and
other significant actions relating to oil, natural gas, or minerals or the
acquisition of a license for any such activity
• -not intended to capture activities that are ancillary or preparatory to
such commercial development such as: a manufacturer of a product used
in the commercial development of oil, natural gas, or minerals; or
transportation activities
The US Securities and Exchange Commission estimates that approximately 1101
companies will be covered.
12. What Types of Payments Need to be
Disclosed Under Section 1504
• Payments means a payment that is
• made to further the commercial development of oil, natural gas or minerals; and
• not a de minimis payment (lacking significance or importance);
• It includes taxes, royalties, fees (including license fees), production entitlements, bonuses, and
other material benefits
• Payments made to foreign governments or the US Federal Government
•
• Payment on a country by country basis as well as on a project by project basis
• Dispute as to the definition of project by project, which will be resolved once final rules
are out in August, 2011.
13. What are the Costs for Companies as a
Result of Section 1504?
• Costs include costs related to tracking and collecting information about
different types of payments across projects, governments, countries,
subsidiaries and other controlled entities.
• These tracking and collecting costs would vary depending upon how an
issuer would need to modify its existing systems to track, collect, and
report the proposed payment information.
14. Hong Kong Stock Exchange: new Chapter 18
Rules for Mineral Companies
• Disclosure Rule in effect on 3 June 2010 (no retrospective effect)
• Newly applicant mineral companies will have to disclose payments made to host
country governments.
• Similar to Dodd-Frank as it cover payments in respect of tax, royalties and other
significant payments
• Differs from Section 1504 Dodd-Frank as it only covers payments on a country by
•
country basis and not on a project by project basis
• Under Chapter 18 Rules, a Mineral Company must include not only in its annual
report but also in its interim (half-yearly) reports details of its exploration,
development and mining production activities and a summary of expenditure
incurred on these activities during the period under review.
15. Who Needs to Disclose under Chapter 18 of
Hong Kong Listing Rules?
• Mineral Companies
• Mineral companies are those whose major activity (25 per cent
or more of assets, revenue or operating expenses) is the
exploration for and/or extraction of natural resources.
• Natural resources include various minerals, petroleum, and
natural gas
• Listed issuers that complete a major acquisition of natural
resource assets will also be classified as mineral companies.
16. Are Mandatory Transparency Rules Coming
for Companies Trading in EU stock
Exchanges?
• European Union has made a commitment to enact similar
payment disclosure requirements
•Most recently, President of the European Commission, José
Manuel Barroso said :“The European Commission will table
legislative proposals in October, which includes the obligation
for companies to publish information about their activities.
We do this in support of the Extractive Industries
Transparency Initiative, which helps Africans increase their
fiscal resources available to deliver public goods and services
for their citizens.”
17. What’s the Next Step for Revenue
Transparency?
• Stock listing requirements to oblige extractive companies to
disclose the payments they make to governments are only a
first step in checking corruption and mismanagement of
natural resources
•More is needed such as:
•Expand EITI to cover more countries
•Budget transparency: full disclosure of all relevant fiscal
information in a timely and systemic manner to ensure that
civil society knows how and where the funds from natural
resources are spent