Governance Assurance for Capital Protection

Preserving owner authority where capital exposure forms before it is visible

Most major capital projects exceed budget - not at completion, but earlier, where exposure forms before it is visible. Capital loss is created at that point. Owners remain accountable, without full control over delivery systems.

TacminMadini is engaged where confidence in capital, decisions, reporting or control begins to reduce and alignment is no longer holding. Grounded in direct capital project experience, we operate where capital outcomes are determined - where decisions are made before positions become constrained.

As a result, capital exposure is understood before commitment, decisions remain defensible under pressure, and authority is preserved across complex delivery environments.

Exposure must be understood early for governance to remain effective:

Governance Decision Intelligence

enables that forward visibility

GDI operates within this model to provide independent, owner-level visibility of where capital exposure is forming - before it is committed, visible in reporting, or recoverable. It identifies where:

 capital exposure is forming prior to commitment

 decision pathways are tightening under pressure

 control is weaker than assumed

 alignment is diverging from approved intent

Trigger: Confidence in reporting, decisions or control is reducing, or exposure may be forming ahead of commitment.

"The market manages exposure after it exists - we operate where it is created."

When governance pressure is applied

Before commitment

Where capital decisions must remain defensible prior to approval and commitment.

Capital Decision Assurance

During delivery & operations

Where delivery complexity reduces visibility, control and alignment.

Delivery Control Assurance

Where value is contested

Where commercial position, contracts and authority are under pressure.

Commercial Position Assurance

Where we are engaged

 Capital exposure is significant ($100m - multi-billion)

 Decision accountability cannot be transferred

 Delivery complexity reduces visibility and control

 Governance pressure increases at COO, executive or board level

 Reporting does not reflect actual exposure

Where we act

We work directly with owners, project leaders, COO's, executives and boards to:

 Prevent cost blowouts & protect capital from emerging exposure

 Ensure major decisions stand up commercially & technically

 Maintain control across complex delivery environments

 Strengthen sustainable long-term asset performance & value

Applied through structured governance assurance mandates across projects, portfolios and asset lifecycles.

What changes when engaged

 Exposure is identified before capital is irreversibly committed

 Exposure is understood before positions become constrained

 Decisions hold when challenged - not just when approved

 Control exists in reality, not only in reporting

 Alignment remains intact under pressure - not just in principle

How we operate

Governance assurance is applied under owner authority where outcomes are determined - not reported. Engagement begins where confidence in decisions, reporting or control reduces, establishing where exposure is forming and directing the governance pathway.

Identify exposure early

Exposure identified before commitment as decisions are made under pressure.

Detect exposure forming

Exposure and control gaps emerge as positions tighten under pressure.

Reinforce decision control

Control maintained at commitment as decisions are made and positions lock in.

Stabilise under mandate

Exposure stabilised where alignment begins to drift under increasing pressure.

Independence matters

 No delivery conflict of interest

 No alignment with execution contractors

 No alignment with engineers or EPCM firms

 No dependency on project outcomes

Aligned solely to the owner’s capital, decisions and accountability - preserving clarity, control and defensibility where it matters.

Where we operate

Applied across major capital assets and portfolios in:

 Mining and minerals

 Infrastructure and transport

 Industrial and processing

 Land and developments

Governance & ESG alignment

TacminMadini operates in the governance layer of capital programs - where decisions are made under real exposure. We operate consistently with ISO 37000 and AS 8000 principles - applied where capital exposure forms, decisions are made, and governance is tested under real conditions.

Early visibility anchors governance and ESG commitments in controlled, transparent pathways.

Grounded in Capital Experience

Grounded in over three decades of direct delivery and capital project experience across Tier 1 and Tier 2 environments - including mining, infrastructure and complex asset development - where governance, capital exposure and outcomes are shaped early and carry lasting consequence.

Engagements are initiated through focused mandates aligned to immediate areas of capital exposure, decision pressure or loss of visibility.

Engage where capital must be protected

Independent governance assurance across complex capital assets and portfolios - where accountability, value and legacy remain with ownership.