february 9 11, 2016aapa.files.cms-plus.com/seminarpresentations/2016seminars... · being best you...
TRANSCRIPT
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American Association of Port Authorities Special Seminar - Port Authority Board Members and Commissioners
Port of Palm Beach, Florida
February 9 – 11, 2016
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At Some Point,
It Really Is About The Future !
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A Forum For BOARD MEMBERS !
Trends
“Plenary Session Assignment”
The Filing Cabinet
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Who Are We and What do we do?
Who Are Our “Customers” ?
Do We Care - About Excellence?
What Are Our Standards?
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“Success ?”
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The Single Best Indicator
of A Port Authority’s Success is……..
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Leveraging Assets, Resources.
Being Best You Can Be.
Progress While Managing Risks
Accountability
Transparency
Performing To Customers’ Expectations.
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Leveraging Assets, Resources.
Being Best You Can Be.
Progress While Managing Risks
Accountability
Transparency
Performing To Customers’ Expectations.
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Customers ?
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Customers ?
Constituents ?
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At Some Point,
It Really Is About The Future !
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479
46/27
4.7 Billion
13,900
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479 U.S. Port Authorities Governance Board Members
46 appointed /27 elected
$4.7 Billion Total Revenues
14,300 Employees
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2060
Global Dependence
Role of Public Port Authorities
Industrial / Commercial Development
Strategic Cargoes/Bulk
Containerization
Multi-Modal/Connectivity
Capital Intensity
Space / Footprints
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Default View Of The Future:
Growth, Development and Progress
Remarkable Trajectory
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Future:
Growth, Development and Progress
If You Could See
Your Port’s Evolution to 2060…….
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Future:
Growth, Development and Progress
If You Could See
Your Port’s Evolution to 2060…….
Would You Let It Happen?
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The “Demand” For PortsPre-World War II
Bulks – General Cargo Trends
Post War “Globality”
1956 – “Containerization”
Labor Unions
Ports Ponder – and Respond.
Requirement for Entry:
Land, Deep Water and Capital
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Land Use
Capital
Cargo Ports- Niches
Port “Induced” Industrial Investments
ECONOMIC DEVELOPMENT
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1970
National Environmental Protection Act
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DEREGULATION OF SURFACE TRANSPORTATION MODES
Railroads 1976 and 1980
Trucking 1980PA WWT
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1975-1986
Asian Economies and Export Strategies
China Rejoins The World
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1975-1986
Asian Economies and Export Strategies
China Rejoins The World
“Containerization” - Reality of Logistics
“Just In Time”
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1975-1986Asian Economies and Export StrategiesChina Rejoins The World !!!!North - South “Hemispheric” Axis
Terms “Global Economy” “Globalization”“Consumerization” of World Economy
Coal !!!
Pacific Trade Routes
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1975-1986Asian Economies and Export Strategies
China Rejoins The World
Terms “Global Economy” “Globalization”
“Consumerization” of World Economy
President Reagan Reorders Dredging Policies
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1975-1986Asian Economies and Export Strategies
China Rejoins The World
Terms “Global Economy” “Globalization”
“Consumerization” of World Economy
Port Authorities Respond
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1986 Tax Reform
“United States Ports Authorities are the go-to agencies of industrial development, utilizing bonded debt instruments that add broad economic values and create thousands of jobs. This role cannot – and must not – be compromised in a rush to alter tax exempt bond policies.”
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1990sEnvironmental Policies Extended
Trade Agreements
Global Trade Emphasizes Ocean Carriage
Port Communities Pay Attention
Carriers’ Capacity Crisis
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A New CenturyContainerization Morphs
Imperatives of Intermodalism
“Supply Chain….Logistics”
At – The – Hip Relationships With Labor Unions
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A New CenturyContainerization Morphs
Imperatives of Inter-modalism
“Supply Chain….Logistics”
At – The – Hip Relationships With Labor Unions
Two Million TEU In One Quarter
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Maritime Administration reports capital expenditures for U.S. public port development from 1946 through 2005 totaled over $30.1 billion, which
funded improvements to port facilities and related infrastructure.
During this 60-year period, the average yearly investment was $501 million.
From 2001 – 2005, the average investment had jumped to $1.5 billion per year. These investments covered expenditures for
the construction of new facilities and the modernization and rehabilitation of existing ones.
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Panama Canal Expansion
Suez Canal Expansion
Deeper Channels
Consolidation of Industry
Capitalization Challenges
“It’s Now About The Environment !”
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Cleaner Industry
Cleaner Port Communities
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Back To The Future
Land, Deep Water and Capital
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1965-2015
Prepared For The Next 50 years ?
Economic Development Mandates
Vs.
Environmental, Quality of Life Mandates
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2060
Global Dependence
Role of Public Port Authorities
Strategic Cargoes/Bulk
Containerization
Multi-Modal/Connectivity
Capital Intensity
Space / Footprints
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Public Acceptance
Land Use Priorities
Capital Priorities
Quality of Life
Environmental Values
Trends of Questions - Trends of Push Back
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“Future”
Is A
“Nearer” Proposition
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“Speeding Through The Present, Toward A Future of Greater Customer Demands, Greater Environmental Challenges, and Huge Capital Needs.”
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“Speeding Through The Present, Toward A Future of Greater Customer Demands, Greater Environmental Challenges, and Huge Capital Needs.”
1984
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Future:
Growth, Development and Progress
If You Could See
Your Port’s Evolution to 2060…….
Would You Let It Happen?
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“Riding A Tiger”
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“Riding A Tiger”
Land Footprint
Imposing Modal Corridors
Mitigating Environmental Impacts
Convincing Neighborhood “Constituents”
Sources of Capital
What Will It Look Like?
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“Riding A Tiger”Land Footprint
Imposing Modal Corridors
Mitigating Environmental Impacts
Convincing The Neighborhood “Constituents”
Sources of Capital
What Will It Look Like?
Is It Possible?
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“Riding A Tiger”Land Footprint
Imposing Modal Corridors
Mitigating Environmental Impacts
Convincing The Neighborhood “Constituents”
Sources of Capital
What Will It Look Like?
Is It Possible?
Is This Desirable?
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Competition For Economic Values
Or
For Quality of Life “Devaluations”
Inclusive - Exclusive
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1965-2016
Land Uses and Capacities
Air and Water Qualities
Last Mile Connectivity
Capitalization Formulas/Risk Management
Realities of Economic Values
“Do Nothing”
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Choices
Options
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The Single Best Indicator
of A Port Authority’s Success is……..
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American Association of Port Authorities Special Seminar - Port Authority Board Members and Commissioners
Port of Palm Beach, Florida
February 9 – 11, 2016
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Tune UpFiduciary Awareness
Risk Awareness – Risk Management
Disaster Preparedness
Relationships With Management
Community Relationships
Transparency Audit
Accountability Audit
“Narrative” Audit
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Tune Up
Contemporize Enabling Acts
Update Bylaws/Meeting Protocols
Travel Policies/Expense Reimbursement Rules
Quality of Minutes/Records
Compensation Review
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Tune Up
Contemporize Enabling Acts
Update Bylaws/Meeting Protocols
Travel Policies/Expense Reimbursement Rules
Compensation Review(It’s Okay, really.)
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Tune Up
• Consultant Selection Policies
• Executive Management Succession Plans
• Engaging Attorneys -- Auditors
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• Is Your Constituent Community Happy?
• Are You Having Fun?
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• Open Forum
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BIGGEST PICTURE ?Bigger Ships Canal Expansions
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BIGGEST PICTURE ?Bigger Ships Panama Canal
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BIGGEST PICTURE ?Bigger Ships Panama Canal
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479
46/27
4.7 Billion
13,900
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479 U.S. Port Authority Governance Board Members
46 appointed /27 elected
$4.7 Billion Total Revenues
13,900 Employees
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“Do Nothing” Strategy….
A Responsible Option?
Fully Capitalized Competition Does Not Assure Growth and Success
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“Do Nothing” Strategy….
A Responsible Option?
Fully Capitalized Competition Does Not Assure Growth and Success
Value-Emphasis “Passivity” Does Not Preclude Growth and Success
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“Do Nothing” Strategy - A Responsible Option?
Fully Capitalized Competition Does Not Assure “Growth and Success”
Value-Emphasis “Passivity” Does Not Preclude “Growth and Success”
Defining “Growth and Success”
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“Do Nothing” Strategy - A Responsible Option?
Fully Capitalized Competition Does Not Assure “Growth and Success”
Value-Emphasis “Passivity” Does Not Preclude “Growth and Success”
Defining “Growth and Success”
(Can “No Growth”
Equal “Success”?)
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Board Operations
Fiduciary Responsibility – Accountability
Quality of Minutes
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Board Operations
Fiduciary Responsibility – Accountability
Quality of Minutes
Audit Functions
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Board Operations
“Quick Fix
For A Colleague Off The Reservation?”
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Board Operations
“Quick Fix A Colleague Off The Reservation?”
“Next Trip” Syndrome
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Board Operations“Quick Fix A Colleague Off The Reservation?”
“Next Trip” Syndrome
“Giving Money Away”
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Board Operations
The “LINE”
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Board Operations
The “LINE”
Hard and Fast Rule…
Or A Guideline?
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Summary Message
For Public Port Authority
Governing Board Members
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“Case Study” Challenge
(Homework!)
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Quality of Governance ScoresheetUsing Scale 0 to 5, Indicate YOUR Grade For:
Currency of Enabling Authority
Adequacy of Bylaws / Operating Procedures
Understanding of Financial Conditions
Understanding of Risks
Quality of Planning
Relationships With Customers
Relationships With Press and Media
Relationships With Chief Executive / Mgt Team
Relationships With Each Other
Constituents Perception of Board Performance
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• Wednesday Session !
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• 30- Plus Years
• 19 Sets of Program notes
• Recurring Themes
• One Common Denominator ?
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Fresh Interactive Discussion
Recurring Themes
Overnight Assignment:
Self-Audit:
Governance Fundamentals At Your Port Authority
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Big Picture Topics
Global Economy
Federal Policies
West Coast Congestion/Labor Disputes
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Most Important Functions
Of Governance
At YOUR Port Authority
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Notes.
Finance - accounting capital planning
Human Resources / Succession Plans
Planning – Marketing….Policies
Community Relations/
Customer/Stakeholders
Environmental Accountability
Board Management Relationships
Currency of Enabling Acts- Board Operating Procedures
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• “The State of Freight, released the same day by the Association of American Port Authorities identified a current need of $29 billion in port infrastructure investment just to be able to handle projected freight volumes in 2025. The survey also identified great need for investment in intermodal connectors, with 80 percent of ports needing at least $10 million in investment and 30 percent needing at least $100 million.”