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NRGI Reader - Natural Resource Governance Institute

Legal FrameworkNavigating the Web of Laws and Contracts governing Extractive IndustriesNRGI ReaderMarch 2015 The rules, responsibilities and institutions governing the behavior of actors are central to optimal Resource management. Natural Resource Charter, Precept 1 This Reader is intended for use in conjunction with Precepts 1, 3 and 4 of the Natural Resource MESSAGES The rules, rights and obligations of companies, governments, and citizens are set forth in a system of legal documents called a legal framework. Documents in the legal framework include a country s constitution , legislation, policy, regulations and contracts. Laws and policy are supposed to have more authority than a contract. However, contracts can also be written to explicitly override the laws and regulations. Legal documents that cover broad principles, like constitutions, are generally more difficult to change. More specific documents, like laws and contracts, can often be more easily amended.

Governing Extractive Industries NRGI Reader March 2015 “The rules, responsibilities and ... A constitution establishes the basic structure of government and the ... multi-stakeholder bodies, and industry. The International Council on Mining and Metals (ICMM), for example, is a group of mineral extraction companies ...

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