Enhancing Business Success Through Good Governance: Lessons from Lihir Island

Lihirian businesses are at the forefront of implementing strong governance practices that drive growth, resilience, and long-term sustainability. On Lihir Island, Papua New Guinea (PNG), the Better Business Governance (BBG) program, delivered through a collaboration between Newmont’s Sustainability Team and Australian Business Volunteers (ABV), is empowering local enterprises to thrive. Through the Apeketon Business Hub, this initiative supports landowner groups and business owners in building robust governance frameworks tailored to their unique needs.

Empowering Lihirian Business Leaders

The BBG program has made a tangible difference to the operations of Lihirian businesses. Local leaders have embraced the tools and knowledge provided to enhance their governance capabilities, positioning their companies for sustainable success.

Peter Kalayen, a member of the Executive Committee for LPA, a trust fund managing 18 landholder groups, is one of many participants who have benefitted from the program. “Absolutely! Vital training to upskill local contractors, directors, and bookkeepers,” he said, reflecting on the practical skills gained to improve decision-making and regulatory compliance. Peter plans to implement several governance changes within his organisation to further enhance its operational effectiveness.

Andrew Okam of Matapudon Ltd, a specialised labour hire company, found the program transformative. “The concept of good governance, specifically on how to make good judgments and decisions, stood out for me,” he remarked. Andrew intends to refine his business plan, ensuring it aligns with better business practices to increase productivity and efficiency.

Similarly, Genievieve, director of Argen Ltd, praised the program for its focus on practical skills such as understanding financial reports and effective board management. “This is excellent training. I highly recommend it to other local and national directors,” she shared. Her company is now poised to pursue new opportunities while maintaining a strong governance foundation.

A Model Built on Local Knowledge and Expertise

A key strength of the BBG program is its unique delivery model, which blends the deep local knowledge of the Apeketon Business Hub team with the expertise of ABV’s skilled volunteers. This partnership ensures that the program addresses the specific challenges faced by Lihirian businesses while integrating globally recognised governance practices.

ABV volunteers, experienced professionals from Australia, work closely with the local team to deliver tailored training and mentoring. “Our volunteers are not just trainers; they are mentors who collaborate with local staff to provide personalised guidance,” explained ABV’s Business Hub Manager, Henry Ume Taule. This combination of external expertise and local understanding ensures that the program is both impactful and sustainable.

Building a Sustainable Future for Lihir

The BBG program includes five days of intensive training, complemented by one-on-one coaching, and aligns with PNG’s Internal Revenue Commission and Investment Promotion Authority standards. Participants learn to navigate their roles, analyse financial reports, and implement effective governance structures.

By equipping Lihirian business leaders with these tools, the program is helping create a strong foundation for the local economy. Businesses that complete the training emerge more resilient, compliant, and prepared to seize opportunities in a competitive market. This initiative is not only driving individual success stories but also contributing to the broader sustainability and prosperity of the Lihirian community.

Graduates of BBG training 8 November 2024, held in Londolovit, Namatanai District.
Rhod McDonald, ABV Volunteer and participants during the workshop

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