Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative is an international effort to increase the corporate transparency in the mining, gas and oil industries across the globe. The program comprises a coalition of national governments, companies and investors, civil society groups and international organizations that seek to promote and ensure a good governance of natural resources. Peru became an EITI member in 2005 thanks to a presidential decree. The program monitors the extractive industries through a national secretariat and multi-stakeholder group made up of representatives from the country?s government, extractive companies and civil society. The national secretariat and multi-stakeholder group publishes and verifies the payments made by the companies and the fiscal revenue from oil, gas and mining. The data is public and available in the digital EITI platform, additionally, periodic reports are compiled on the situation of the industry in each country.
Institutional design
Formalization: is the innovation embedded in the constitution or legislation, in an administrative act, or not formalized at all?
Frequency: how often does the innovation take place: only once, sporadically, or is it permanent or regular?
Mode of Selection of Participants: is the innovation open to all participants, access is restricted to some kind of condition, or both methods apply?
Type of participants: those who participate are individual citizens, civil society organizations, private stakeholders or a combination of those?
Decisiveness: does the innovation takes binding, non-binding or no decision at all?
Co-governance: is there involvement of the government in the process or not?
- Formalization
- only backed by a governmental program or policy
- Frequency
- regular
- Mode of selection of participants
- restricted
- Type of participants
- civil society private stakeholders
- Decisiveness
- democratic innovation yields no decision
- Co-Governance
- yes
Means
|
Ends
|
