Mr. Mark Puzey

Mark Puzey Partner, Information RiskManagement, KPMG Mark has been KPMG's Asia Pacific IT Governance Leader for a number of years. He is a major contributor to the international KPMG whitepaper "Creating Stakeholder Value in the Informational Age - The Case for IS Governance". Mark has presented on IT governance at numerous director courses/workshops and to a variety of conferences in AsPac; including to the Australian Institute of Company Directors when the Standards Australia ICT Governance Standard was released in March 2005.

Professor Mike Grant | Peter Price | Hugh Parkes | Dr Russell Smith | Mark Puzey | Brad Mackenzie
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Mark PuzeyPartner, Information Risk Management, KPMGMark has been KPMG's Asia Pacific IT Governance Leader for a number of years.He is a major contributor to the international KPMG whitepaper "Creating Stakeholder Value in the Informational Age - The Case for IS Governance".Mark has presented on IT governance at numerous director courses/workshops and to a variety of conferences in AsPac; including to the Australian Institute of Company Directors when the Standards Australia ICT Governance Standard was released in March 2005.

"Rather than a predominant focus on compliance, as is the case in the United States (driven by the introduction of Sarbanes Oxley), effective corporate governance frameworks and control environments are often viewed as good practice by shareholders and are increasingly seen to promote confidence in the market place," KPMG's Risk Advisory Services Partner and International IT Governance Leader (AsPac), Mark Puzey said.

The KPMG report, Can Governance Initiatives Deliver Value to the Oil and Gas Industry looks at how governance initiatives can deliver value for oil and gas organisations in Australia and where the potential benefits lie.

"The oil and gas industry is inherently complex with multiple joint ventures leading to complex structures and consequentially, complex operations.For example, the Gorgon partners' recent multi-million dollar deal is designed to streamline the Gorgon gas field operations," Puzey said.
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"Overall, in the oil and gas industry, the more flexible governance approach allows companies to accommodate the complexities relevant to their industry, such as location, and really focus on initiatives that will add value to their business," concluded Mr Puzey.

"Rather than a predominant focus on compliance, as is the case in the United States (driven by the introduction of Sarbanes Oxley), effective corporate governance frameworks and control environments are often viewed as good practice by shareholders and are increasingly seen to promote confidence in the market place," noted KPMG's Risk Advisory Services Partner and International IT Governance Leader (AsPac), Mark Puzey.

The KPMG report, ‘Can Governance Initiatives Deliver Value to the Oil and Gas Industry' looks at how governance initiatives can deliver value for oil and gas organisations in Australia and where the potential benefits lie.

"The oil and gas industry is inherently complex with multiple joint ventures leading to complex structures and consequentially, complex operations.For example, the Gorgon partners' recent multi-million dollar deal is designed to streamline the Gorgon gas field operations," observed Mr Puzey.
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Mr Puzey continued, "Governance and control initiatives can enhance risk management, reduce costs and improve business processes if approached with the right focus.
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Mr Puzey added, "Joint Ventures (JV) is an area where corporate governance can be factored into an oil and gas industry related business strategy to deliver added value.

"Governance investments can help JV equity partners and operators understand each other better, increase the level of transparency between them and enhance communication.With a proper focus on governance, operators can reduce the preparation effort required before JV partner audits and also reduce the cost of the audits themselves.It can therefore benefit both sides of a JV.

"Overall, in the oil and gas industry, the more flexible governance approach allows companies to accommodate the complexities relevant to their industry, such as location, and really focus on initiatives that will add value to their business," concluded Mr Puzey.

Further information

Mark PuzeyKPMGRisk Advisory Services Partner

"Rather than a predominant focus on compliance, as is the case in the United States (driven by the introduction of Sarbanes Oxley), effective corporate governance frameworks and control environments are often viewed as good practice by shareholders and are increasingly seen to promote confidence in the market place," noted KPMG's Risk Advisory Services Partner and International IT Governance Leader (AsPac), Mark Puzey.

The KPMG report, ‘Can Governance Initiatives Deliver Value to the Oil and Gas Industry' looks at how governance initiatives can deliver value for oil and gas organisations in Australia and where the potential benefits lie.

"The oil and gas industry is inherently complex with multiple joint ventures leading to complex structures and consequentially, complex operations.For example, the Gorgon partners' recent multi-million dollar deal is designed to streamline the Gorgon gas field operations," observed Mr Puzey.
...
Mr Puzey continued, "Governance and control initiatives can enhance risk management, reduce costs and improve business processes if approached with the right focus.
...
Mr Puzey added, "Joint Ventures (JV) is an area where corporate governance can be factored into an oil and gas industry related business strategy to deliver added value.

"Governance investments can help JV equity partners and operators understand each other better, increase the level of transparency between them and enhance communication.With a proper focus on governance, operators can reduce the preparation effort required before JV partner audits and also reduce the cost of the audits themselves.It can therefore benefit both sides of a JV.

"Overall, in the oil and gas industry, the more flexible governance approach allows companies to accommodate the complexities relevant to their industry, such as location, and really focus on initiatives that will add value to their business," concluded Mr Puzey.

Further information

Mark PuzeyKPMGRisk Advisory Services Partner