Questions that board directors should be asking about emerging governance issues and risk: a practitioner’s view and implications for the extractive industries
Turlough Guerin ()
Additional contact information
Turlough Guerin: Bioregional Foundation Australia
Mineral Economics, 2022, vol. 35, issue 2, No 3, 237 pages
Abstract This article synthesises and highlights outcomes from a governance and risk forum that identified emerging risks for businesses and organisations. A governance framework is first presented followed by a discussion of recent developments in relation to elements of the framework as part of a mini-review of the literature. Emerging risks and opportunities around the changing nature of work, corporate culture, blockchain and cyber security were highlighted, with a particular emphasis on climate-related risks. Key questions to ask as a non-executive director or governance and risk committee members regarding these risks include could our sector or organisation be impacted by these emerging risks and opportunities? What could be the implications if these risks were to materialise and to what extent will our current business and operating model be impacted? How could our organisation be seizing the opportunity created by the pending changes in these areas? The findings and implications of the governance and risk issues are highlighted for the extractives sector and are especially important as the extractive sector faces challenges in its transformation. The study is novel as it highlights insights from the practitioner perspective of governance which is not captured in the literature. Recommended remedies for each risk are provided, and businesses are advised to undertake a focused review of non-financial risks, including corporate or organisational culture.
Keywords: Risks; Climate change; Remote work; Governance; Executives; Boards; Mining (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s13563-021-00278-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:minecn:v:35:y:2022:i:2:d:10.1007_s13563-021-00278-z
Ordering information: This journal article can be ordered from
Access Statistics for this article
Mineral Economics is currently edited by Magnus Ericsson and Patrik Söderholm
More articles in Mineral Economics from Springer, Raw Materials Group (RMG), Luleå University of Technology
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().