Resource information
The purpose of this Source Book is to provide guidance to resource rich countries and extractive industries companies on the key steps and additional actions for implementing EITI. The Source Book is in two complementary parts: the first provides guidance for resource rich countries; the second for extractive industry companies.Guidance for Resource Rich CountriesIn order to reach consensus on the development and planning of EITI a number of key actions have to be undertaken by the government throughout the initiation phase. Key actions include: identify the key EITI stakeholders put in place the necessary legal framework for EITI implementation appoint an individual to lead on EITI implementation, which is supported by dedicated staff appointing an administrator who is considered by most key EITI stakeholders to be trusted and impartialFor extractive industry payments and revenues published in a credible and comprehensible manner, a number of steps have to be taken during the implementations phase. Key actions include:most EITI stakeholders need to agree on the scope and nature of disclosure a procedure needs to be agreed on for addressing any discrepancies/ inconsistencies found in the administrator’s report or in the audit resultsthere needs to be a discussion of the results of the reported revenues and payments that involves key stakeholdersIn the review phase arrangements need to be in place for annual stakeholder feedback on the process of implementation.Guidance for Extractive Industry CompaniesIn order to endorse the EITI, the extractive industry company needs to:issue an unequivocal statement of their intention to support implementation of EITIappoint an individual to lead on EITI implementationFurthermore, the company has to make sure it has fully been engaged in EITI initiation, implementation and review process with the government.
