Santos commends directors for attending governance training

Business

SANTOS has commended the nine directors of the landowner company Trans Wonderland Ltd, including managing director Larry Andagali, for attending a two-day training.
The training for the directors was facilitated by the PNG Institute of Directors in Port Moresby.
Santos country chairman Leon Buskens said the training was important as part of improving quality governance.
The training highlighted the basic standards on the roles, responsibilities and tasks required of directors, plus aspiring directors and corporate executives and managers.
Company managing director Larry Andagali said the training was important for the directors to learn the basic steps in formulating and implementing key strategic and risk management planning and processes.
The directors learnt about the evolving concept of corporate governance, the distinction between governance and standard financial statements which are very important for us.
“We also had our financial team and some senior managers from our subsidiaries attend this training as part of their career development,” Andagali said.
With the expansion of its operations internationally with joint venture companies, he said Trans Wonderland was upskilling its directors and building their confidence in sitting on large boards.
“Most of our directors have become partners with other international players such as PenTrans, Sarens and TWL Logistics. We organised ourselves as the TWL Group with a development focus.”

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