Governance Assurance & Capital Stewardship
Why governance assurance
Where accountability can’t be delegated, governance must be assured.
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Exposure does not arise at outcomes. It arises at decisions.
That is where governance matters most.
Across modern assets, execution is increasingly delegated, distributed and optimised through contractors, operators and specialist advisors. Accountability is not. Owners, boards and executives retain responsibility for decisions, outcomes, compliance and long-term value, even as control fragments across delivery structures with different incentives and time horizons. This creates a structural gap between the exposure owners carry and the governance authority available to manage it at the point where decisions are taken. Governance assurance exists to operate in this space, above execution, providing independent judgement where accountability sits, decisions shape outcomes, and risk must be understood before consequence emerges.
Where accountability remains but control fragments
Delivery across modern assets has become increasingly distributed. Execution is performed through multiple delivery partners, operating models and advisory arrangements, often across long time horizons and complex interfaces. Control is exercised indirectly through contracts, reporting frameworks and performance mechanisms.
Accountability, however, remains concentrated. Owners, boards and executives continue to carry responsibility for decisions, outcomes, compliance and long-term value, regardless of how execution is structured or delegated.
As delivery fragments, confidence in outcomes becomes harder to sustain. Decisions are taken with partial visibility. Risk is accepted incrementally. Escalation tends to occur late rather than early. What appears managed within delivery frequently sits outside the direct authority of those accountable for the consequences.
This creates a persistent tension: accountability is retained, while effective control is dispersed. Over time, exposure accumulates not through single failures, but through decisions made without clear, independent governance at the point of authority.
Why existing assurance cannot govern this space
Owners already rely on established disciplines to manage risk and performance. Technical assurance, legal and commercial advice, ESG assurance, project controls and independent reviews each play an essential role within the governance ecosystem.
These mechanisms are designed to operate within delivery, compliance or defence contexts. They are functional by design, episodic in application and often retrospective in focus. They confirm coverage, conformance and performance against defined scopes.
What they are not mandated to do is persist at the level of owner decision authority as conditions change, assumptions shift and accountability remains fixed. None govern decisions on behalf of the owner across the full span of accountability retained.
Governance assurance sits above execution, complementing existing mechanisms by providing independent judgement at the point where authority cannot be delegated and where decisions, rather than outcomes, create exposure.
Where governance assurance applies
Governance assurance is applied where owner exposure is greatest - across decisions, transitions and interfaces that existing delivery structures are not designed to govern.
Where accountability sits
Where governance pressure is felt
What governance assurance provides
What governance assurance is not
Where accountability sits
Where accountability sits
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| Governance assurance focuses where owners retain responsibility regardless of how execution is structured. |
Where governance pressure is felt
Where governance pressure is felt
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These are the points where decisions carry lasting consequence and governance matters most. |
What governance assurance provides
What governance assurance provides
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| Governance assurance strengthens decision-making without assuming delivery responsibility. |
What governance assurance is not
What governance assurance is not
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| Governance assurance complements existing mechanisms by addressing what they cannot. |
Why TacminMadini
Governance assurance requires structural independence from execution, continuity across the asset lifecycle, and mandate-level authority at defined points of exposure. TacminMadini is structured specifically for that purpose. Our mandates are applied under owner authority, persist across decisions, delivery, operations and closure, and operate above execution without assuming delivery responsibility.
- We do not audit controls.
- We do not manage projects.
- We do not replace operators.
We preserve authority where accountability cannot be delegated.
Let’s talk about your governance assurance needs
See how governance assurance supports confident decisions and defensible outcomes.