Photo: Trans Wonderland Limited Board of Directors after a 2-day training by the PNG Institute of Directors in Port Moresby
Santos has commended nine directors from landowner company Trans Wonderland Limited (TWL) including managing director Larry Andagali for attending a 2-day directors’ training facilitated by the Papua New Guinea Institute of Directors (PNGID) in Port Moresby.
Leon Buskens, Santos Country Chair PNG said this was important for any company as part of continuous improvement in quality governance.
The training introduced the basic standards on the roles, responsibilities and tasks required of directors including aspiring directors and corporate executives and managers.
TWL 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 gained an understanding of 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,” Mr Andagali said.
With the expansion of its operations internationally with joint venture companies (JVCs), TWL is going beyond to upskill its directors and build their confidence in sitting on large boards and to deliberate with directors from different backgrounds.
“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 also with a development focus. Each director has the opportunity to sit on various boards to develop a clear understanding of the different subsidiaries they represent,” Mr Andagali added.
TWL has been a member of the PNGID in recent years and the training was timely to reinstate themselves as an active member.
“Having the PNGID come in to help us understand our roles and responsibilities was vital as we continue to expand our flagship transportation company in the country and abroad. This is a very refreshing course. I would recommend it to directors from other organisations.
“We are building a national iconic PNG company and not just a landowner company. This training will help us achieve that vision.”
Article courtesy of Santos
