Date 11 May 2017

Time 13:00-14:00

Co-convenor Transparency International

Leadership in corporate governance is considered essential to the successful development of hydropower projects.

There is increasing emphasis on promoting the principles of transparency, integrity, accountability and stakeholder engagement for good governance.

In the hydropower sector, these issues are particularly relevant due to the number and size of contracts that hydropower projects can involve.

This informal lunchtime session provided an opportunity to discuss initiatives within Transparency International’s Business Integrity Program in relation to promoting integrity. The discussions focused particularly on state-owned enterprises (SOEs).

GOOD GOVERNANCE

International Hydropower Association

Chancery House, St Nicholas Way, Sutton, London SM1 IJB, United Kingdom

T: +44 20 8652 5290 F: +44 20 8643 5600 E: iha@hydropower.org

hydropower.org

SESSION REPORT

Speakers• Tammy Chu, managing director, Entura• Gil Maranhão Neto, chief strategy, communications and CSR officer, Engie Brasil• Abel Didier Tella, director general, Association of Power Utilities of Africa (APUA) • Eduard Wojczynski, principal, EW Sustainable Hydropower Consulting • Donal O’Leary, senior adviser, Transparency International (moderator)

2017 World Hydropower Congress

Key discussion points Donal O’Leary outlined Transparency International’s work on developing principles for countering corruption in state-owned enterprises. He explained why this work is relevant to the hydropower sector.

Panellists were asked how their companies and associations are working to foster good governance

This multi-stakeholder initiative has developed ten principles which cover aspects such as transparency, building a trust-based and inclusive culture, and carrying out regular risk assessments. These draft principles are the subject of a public consultation, which closes in August. The document entitled ‘Anti-corruption Principles for State-Owned Enterprises’, along with supporting materials, is scheduled to be launched by Transparency International in November this year.

Following O’Leary’s presentation, all panellists were asked how their companies and associations are working to foster good governance. They looked at how Transparency International’s draft principles could work in practice and what aspects would need further exploration as part of the consultation process.

Key outcomesSOEs include some of the largest companies in the world, employing millions of people and controlling vital pieces of infrastructure, such as hydropower plants.

Like private companies, state-owned firms are susceptible to conflicts of interest and are required to develop robust governance mechanisms. As such, it is important that initiatives and tools are developed to reduce such risks. In particular, it was noted the importance for SOEs to carry out due diligence to assure that all the organizations they enter into contract with

(including sub-contractors) adhere to the same anti-corruption principles that the SOEs adhere to.

hydropower.org

LUNCHTIME SESSION: GOOD GOVERNANCE

Tammy Chu

Gil Maranhão Neto

L-R: Tammy Chu, Gil Maranhão Neto, Abel Didier Tella, Eduard Wojczynski

Eduard Wojczynski

Donal O’Leary