The Private Sector Organisation of Jamaica (PSOJ) in collaboration with the Ministry of Finance and the Public Service will on Wednesday, December 13, 2017 award a Public Body with the first Public Sector Corporate Governance (PSCG) award.
Mrs. Therese Turner-Jones, General Manager, Caribbean Country Department of the Inter-American Development is set to headline the event as the main speaker. On the programme also is the Caribbean's Finance Minister of the Year for 2017, the Hon. Audley Shaw, CD, MP, Minister of Finance and the Public Service who will bring remarks; Opposition Spokesperson on Finance the Hon. Mark Golding is also scheduled to speak at the inaugural event.
Appproximately184 Public Bodies have had one year to qualify for the coveted PSCG award; which incentivizes Public Bodies that demonstrate exemplary service and compliance to the Public Bodies Management and Accountability Act (PBMAA) and the Corporate Governance Framework for Public Bodies (CGF) during the 2016/17 Financial Year.
The Government of Jamaica has intensified its pursuit of Public Sector Transformation and Public Bodies are critical to the Programme. This is so as improved levels of corporate governance practice can positively impact the levels of efficiency, service delivery and performance in general of public bodies. These will in effect redound to higher levels of confidence among stakeholder as well as public trust.
The overall winner of the PSCG Award is expected to have out-flanked all entrants and scored highly in the various categories that were under consideration. These include: Board Composition, Functions & Structure; Corporate Governance Policies Procedures & Practices; Compliance and Disclosure of Information and Risk Measurement & Management Internal Controls. The selection of category winners, as well as the overall winner was determined by an adjudicating panel comprised of persons from the private citizens, public officers, academia and members from the public.
The Public Sector Corporate Governance Awards was launched on the 16th of October 2016 at Jamaica House, and is expected to be an annual event.
For further information contact:
Communication & Public Relations Branch
Ministry of Finance and the Public Service
30 National Heroes Circle
Kingston 4, Tel: (876) 932-4656/4660/4655
Contact: Elaine Oxamendi Vicet/Kadisha Sharp @MOFPJA https://www.facebook.com/mofp.gov.jm