Michael Bray discusses the future investment needs of energy and natural resource companies, arguing that they will have to redefine success if they are to raise cheap capital. He concludes that these companies should learn from the advice of the TGC Report by effectively communicating their reports on strategy, performance and prospects.Michael Bray is currently a partner in KPMG in Melbourne and Sits on the Institute of Chartered Accountants broad business reporting and advisory panel. He was also a Global Executive Partner for KPMG’s Energy and Natural Resource Practice for five years until two years ago.

Mervyn King, chairman of the King Committee on Governance, talks about sustainability and governance in South Africa.  In particular he looks at the new South African Companies Bill, which will come into effect in 2010, and 'King 3', the latest report from the commission. Click on the blog, South Africa makes sustainability reporting mandatory (tbc) or on a summary from South Africa's Institute of Directors for more information.