2. Strategic Posture 2009 - 2012 On June 27, 2009 the Council of the PSOJ, elected on May 26, 2009, met in a one-day “Advance”, facilitated by Growth Facilitators, to: Validate the PSOJ Vision Validate the PSOJ Mission Agree on 4 to 5 key areas of focus Identify measures of success for each area of focus Outline Key initiatives for the period 2009 - 2012 Assign Responsibility at the Council and Secretariat level Revised September 2009
3. Strategic Posture 2009 - 2012 The following slides outline the PSOJ’s revised Vision and Mission as well as its strategic posture going forward. The presentation also gives an overview of the PSOJ, its programmes and priorities. Revised September 2009
4. The Mission The Mission of the Private Sector Organisation of Jamaica is to effectively advocate for the implementation of public policy that enables strong, sustainable private sector led economic growth & development Revised September 2009
5. Our Vision for Jamaica The PSOJ has adopted the 2030 National Vision Statement as its Vision for Jamaica : Jamaica, the place of choice to live, work, raise families and do business Revised September 2009
6. Our Vision for the Organisation We are the unifying voice of the private sector working in partnership with the public sector and civil society to achieve the 2030 Vision for Jamaica Revised September 2009
7. Strategic Areas of Focus 2009 - 2012 To promote cooperation between private sector organisations To formulate and promote a macro economic policy framework which will achieve high rates of sustained economic growth To formulate and promote policies for the achievement of a lawful and just society To promote and influence greater transparency, efficiency, and accountability in the operations of the public sector To promote the practice of good corporate governance in the private sector Revised September 2009
8. Our (Not so) New Tag Line FREE ENTERPRISE. WATCH JAMAICA GROW! Revised September 2009
9. STRATEGY MAP VISION We are the unifying voice of the private sector working in partnership with the public sector and civil society to achieve the 2030 Vision for Jamaica. I 4:Promote and influence greater transparency, efficiency, and accountability in the operations of the public sector IMPACT I 1: Promote cooperation between private sector organisations I 2:Formulate and promote a macroeconomic policy framework which will achieve high rates of sustained economic growth I 3: Formulate and promote policies for the achievement of a lawful and just society I 5: Promote the practice of good corporate governance in the Private Sector Influence policy and implementation Serve our members and clients C1: Improve responsiveness to the needs of members C2: Grow and diversify the membership Optimise our financial resources F2: Improve financial management F1: Grow sustainable revenues and profits Effectively manage our operations IP 3: Produce accurate and timely reports IP 1: Improve marketing of our services IP 2: Optimise IT systems for enhanced information sharing LG1: Develop a results-oriented, team approach to work Cultivate our human resources LG3: Attract and retain staff LG 2: Increase functional managerial and technical competency Revised September 2009
10. PSOJ Officers(elected June 18, 2009) Revised September 2009 Jacqueline Sharp, VP Paul B. Scott, VP Earl Jarrett CD Hon. Secy Joe Taffe, Hon. Treasurer Joseph M. Matalon President Sandra Glasgow, CEO Nicholas Scott, VP
11. PSOJExecutive Committee(elected June 18, 2009) 7 Officers, plus 7 Associations: Jamaica Bankers Association (Patrick Hylton) Jamaica Employers’ Federation (Wayne Chen) Jamaica Exporters Association (Michael Lumsden) Jamaica Hotel and Tourist Association (Wayne Cummings) Jamaica Securities Dealers Association (Anya Schnoor) Shipping Association of Jamaica (Roger Hinds) Small Business Association of Jamaica (Dalma James) Revised September 2009
12. Members of The Council (elected May 26, 2009) Companies Appliance Traders Limited Digicel Gleaner Company Limited ICD Group Limited Jamaica National Building Society Limited J. Wray & Nephew Group Limited LIME National Commercial Bank Jamaica Limited Pan Jamaican Investment Trust Limited Red Stripe Jamaica Observer Jamaica Public Service Company Limited Musson Jamaica Limited Jamaica Producers Group Limited First Caribbean Int'l bank Limited Big City Brewing Company Limited Citigroup GraceKennedy Limited Sagicor Life of Jamaica Limited Pan Caribbean Financial Services Limited Revised September 2009
13. Members of The Council(elected May 26, 2009) Associations In Bond Merchants Association of Jamaica Insurance Association of Jamaica Jamaica Bankers Association Jamaica Employers Federation Jamaica Exporters Association Jamaica Hotel and Tourist Association Jamaica Securities Dealers Association Jamaica Used Car Dealers Association Realtors Association of Jamaica Shipping Association of Jamaica Small Businesses Association of Jamaica Spirits Pool Association Limited Importers and Distributors Association Incorporated Masterbuilders Association Institute of Chartered Accountants of Jamaica Jamaica Customer Service Association Jamaica Developers Association Jamaica Livestock Association Sugar Manufacturing Corporation of Jamaica The Printing Association of Jamaica Women's Business Owners Jamaica Limited Revised September 2009
14. Members of The Council(elected May 26, 2009) Individuals Mr. Elon Beckford Mr. Christopher Bovell Mr. Charles Ross Mr. Oswald Lee Mr. Roy Banarsee Revised September 2009
16. Profile of Our Members Corporate 155 members Association 22 members Individual 39 members Revised September 2009
17. Company member profile Micro businesses (gross revenue: up to J$10M) Small Businesses (gross revenue: J$11 – $30M) Medium sized Businesses (gross revenue: J$31 – $99M) Large Businesses (gross revenue: J$100M and over) Revised September 2009
18. Services and Benefits National and Regional representation Audience with local and international government officials Networking Events – Luncheons, breakfasts, etc Recognition and Awards – Hall of Fame; Job Creation, etc. Effective advocacy at all levels Access to information critical to business growth and development, e.g. Economic Bulletin Revised September 2009
19. Services and Benefits cont’d Practical training seminars e.g. Corporate Governance, Family business Access to economic and trade policy research capabilities Serving on important and government and non-government committees Access to working with committees to discuss issues of national importance Revised September 2009
21. Chairman’s Club Forum Sponsored by LIME and NCB Revised September 2009 The Rt. Hon. Owen Arthur, MP Former Prime Minister of Barbados, January 2009 The Hon. Orrette Bruce Golding, MP Prime Minister of Jamaica, August 2009
22. Hall of Fame AwardsRecipient: Charles Johnston, 2008 Revised September 2009
35. Chairman’s Club A select group of senior executives Liaises closely with the PSOJ Executive Contributes to decisions regarding issues of national importance Provides guidelines in developing PSOJ policy positions Creates networking opportunities within senior executive group at special events Revised September 2009
37. Achievements Since its inception in 1976, the PSOJ has been instrumental in: Official adoption of a free market system as the most appropriate framework for the country’s long term economic development The process of liberalisation, deregulation and privatisation which began in the 1980s The lifting of exchange controls Tax reforms in the late 80s and early 90s; Revised September 2009
38. Achievements(cont’d) The drive to connect inflation with money supply Electoral reform Amendments to the New Companies and Revenue Administrative Acts Reversal of the street light cess Successful Crime Stop programme Development of the National Crime Plan in partnership with the Government, Opposition and civil society “Jamaica Tomorrow” – a public/private partnership to drive economic transformation Partnership for Progress/Partnership for Transformation Revised September 2009
42. Visit our Web Site http://www.psoj.org Keep abreast of how we are “Working For You” News releases CEO’s monthly report Periodic polls Events Publications Projects Sponsorship opportunities Revised September 2009
51. Current Priorities Participation on Monitoring Board and Expert Teams to drive the implementation of recommendations from National Planning Summit, in particular: Comprehensive Tax Reform Justice Reform Reducing Bureaucracy Reducing the Debt/Balancing the Budget Job Creation Land Titling Reform Education and Training reform Partnership for Transformation – working towards the vision of a prosperous and stable Jamaica, a dialogue involving the Government, Opposition, Unions and the private sector Revised September 2009
52. Exciting Projects & Programmes in 2009 Chairman’s Club Forum – six for the year; sponsored by LIME and NCB IDB/PSOJ “Developing Modern Family Business” Project – emphasising corporate governance and family protocols (seeking corporate sponsors) Commercial Alternative Dispute Resolution Centre (to be established; seeking funding from IDB) Revised September 2009
53. Exciting Projects & Programmes in 2009 Annual Economic Forum Corporate Governance Round Tables, Director Training; development of Tool Kit and Handbook Corporate Social Responsibility programmes (mentorship, reading in primary schools; school governance) Revised September 2009
54. Get Involved; Join a Committee! Economic Policy Trade Policy Justice Reform Standing Committee on National Security Education Corporate Governance Revised September 2009
55. Thank you! We look forward to seeing you at our next event and to serving you better in 2009 and beyond. Contact us: Sandra A. C. Glasgow, CEO: sandrag@psoj.org (876) 927-6931 Margaret Warner, Membership Development Officer: margaretw@psoj.org 927-6238 ext. 2225 Revised September 2009
