Concept Symposium 2006 - Principles of Governance for Major Investment Projects

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Professional Exchange Sessions
Summary from the Professional Exchange Sessions
The groups Day 1 and 2
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Professional Exchange Sessions


During the two-day symposium, two Professional Exchange Sessions were held. The participants were divided into five groups on the first day, and then brought together in different groups the second day to enhance networking and exchange.
 

Exchange Sessions Topics


Moderator Morten Fangel's Professional Exchange SessionsGovernance regimes for major investment projects comprise the processes and systems that need to be in place on behalf of the financing party to ensure successful investments. This typically includes a regulatory framework to ensure adequate quality at entry, standards for quality review of key governance documents, compliance with original objectives, management and resolution of issues that arise during the project, etc.

The challenges are numerous: How to ensure viability and relevance up-front; to avoid hidden agendas during planning, underestimation of costs and overestimation of utility, unrealistic and inconsistent assumptions; to secure essential planning data, adequate contract regimes, etc.

Discussions and debates at the Exchange SessionsThe topics for this symposium are: What are the current procedures and their effects? What would it take to develop more effective governance regimes at international, government or corporate level to ensure maximum utility and return on investment for society and investors? What would be the optimal mix of regulations, economic means and information in improved governance regimes for major investment projects?

The sessions are conducted in five parallel groups, and discuss two different topics – one each day. The sessions are hosted by international experts. A supporting team of professional staff from the Concept Program is responsible for documenting the outcome. Results will be available on the Symposium website after the symposium.
 

Exchange Session Day 1: Lessons from today's practice


The purpose of the first session was to discuss current principles and procedures in different countries, their effect and shortcomings. 
 

Exchange Session Day 2: Recommendations for the future


The purpose of the second session is to identify ways and means to improve the performance and effect of governance regimes in the future, topics for further research, and ways to share experience.
 

Summary and groups