Lord (John) Browne, Bill Emmott and Prof Paul Collier to provide guidance on our system to assess the ‘socio-political license’ of resource projects
Critical Resource has established a senior advisory panel to provide high-level guidance to the development of LicenseSecure™, our model for assessing the ‘health of the socio-political license to operate’ for resource projects. LicenseSecure™ aims to facilitate far-sighted, responsible management of sustainability and stakeholder issues around such projects. It is designed as a decision tool for senior executives of companies and also major investors. Panel members are:
- Lord (John) Browne – managing director at Riverstone, the private equity firm, and former group chief executive of BP. During his time at BP, Lord Browne was credited with its transformation into one of the most successful global energy firms. He also adopted far-sighted, and industry-leading, approaches to climate change and other corporate responsibility issues.
- Bill Emmott – a globally-respected commentator and consultant on international affairs and former editor of The Economist. Bill Emmott is author of ‘Rivals: How the power struggle between China, India and Japan will shape our next decade’. During his editorship of The Economist, from 1993 to 2006, its circulation more than doubled to almost 1.1m worldwide.
- Professor Paul Collier – professor of economics and director of the Centre for the Study of African Economies at Oxford University. Professor Collier is one of the world’s leading experts on African and resource-rich economies and is author of ‘The Bottom Billion’. He was formerly Director of the Development Research Group at the World Bank.
The role of the panel will be to provide input to the team on major, emerging socio-political trends to inform the development of LicenseSecure™ and also refinements of the methodology. Initial guidance in this respect will be provided during 2009. Please note that excluded from panel’s role is providing guidance on the ratings of individual projects, and overseeing the day-to-day running of Critical Resource. Click here for full biographies of panel members and here for more information on LicenseSecure™.