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    Asset management stewardship: The effectiveness of public-private mix governance structures

    203717_203717.pdf (519.3Kb)
    Access Status
    Open access
    Authors
    Mills, D.
    Brown, Kerry
    Waterhouse, J.
    Date
    2008
    Type
    Conference Paper
    
    Metadata
    Show full item record
    Citation
    Mills, D. and Brown, K. and Waterhouse, J. 2008. Asset management stewardship: The effectiveness of public-private mix governance structures, in Proceedings of 1st International Conference on Infrastructure Systems and Services: Building Networks for a Brighter Future (INFRA 2008), Nov 10 2008. Rotterdam, Netherlands: IEEE.
    Source Title
    Asset management stewardship: The effectiveness of public-private mix governance structures
    Source Conference
    2008 1st International Conference on Infrastructure Systems and Services: Building Networks for a Brighter Future, INFRA 2008
    DOI
    10.1109/INFRA.2008.5439673
    ISBN
    978-1-4244-6887-4
    Remarks

    Copyright © 2008 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.

    URI
    http://hdl.handle.net/20.500.11937/10698
    Collection
    • Curtin Research Publications
    Abstract

    Major infrastructure assets are often governed by a mix of public and private organizations, each fulfilling a specific and separate role i.e. policy, ownership, operation or maintenance. However, it is increasingly problematic to maintain separate and distinct governance arrangements for each of these functions due to their criticality to achieving social outcomes such as supply of water, power and transport and their interdependency in terms of risk management. The success of long term asset management is therefore becoming reliant on coalitions of organizations and groups working in a co-coordinated and collaborative way to deliver services. Yet, it is unclear how to conceptualize these networks of relationships and to determine the types of entities and arrangements that will best contribute to successful collaborative governance. Stewardship theory is revisited to provide a lens through which asset management governance can be examined. It is argued that the concerns of the community in regard to the long-term sustainability of infrastructure assets from environmental, accountability, strategic and business perspectives may be well served by a renewed conceptualization of stewardship theory.

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