Impact investment for ambitious charities for slideshare
Perry Pahladsingh
1. Governance in the Government
and the Public Sector
Lessons from Change
Perry Pahladsingh
www.pahladsingh.in 1
2. Topics
The New
Introduction Road Ahead Agenda for the
Public Sector
After the Crisis Risk Managment
Challenges
Exit Strategy
Sovereign Wealth Regain
Opportunities
Funds confidence of the
public
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3. Introduction
After the Crisis
New borders
Governance –
between Public Movement to
Growing concern
and Private IFRS/IPSAS
over stewardship
Sector
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4. Introduction
After the Crisis
• Debt incurred by the stimulus packages and bailouts
leads to an increased pressure to become more
efficient.
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5. Introduction
After the Crisis
•Governments have:
•Extended credits to banks
•Guaranteed liabilities of banks
•Purchased impaired debt
instruments
•Assumed control of banks
•Government as a major shareholder
set rules for operations and
management:
•Fuel efficient cars
•Restrictions on salaries and
bonuses for the board room
•Change of CEO
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6. Introduction
After the Crisis
• Three important lessons
– Stimulus programs need to be
administered carefully and transparently to
help rebuild trust and confidence
– High debt levels: governments cannot
return to business as usual
– Only a bold reform agenda can turn the
crisis into an advantage
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7. Introduction
Sovereign Wealth Funds
• Wholly owned government entities that invest a
nation’s surplus wealth
• High-profile transactions
• Government of Singapore: UBS US$ 61.3 Million
• Government of Singapore: Citigroup US$ 6,880 Million
• Mudabala (UAE): Carlyle Group US$ 1,350 Million
• Qatar Investment: Credit Suisse US$ 500 Million
• Mudabala: Air Berlin and Etihad US$ 130 Million
• Dubai Plans to acquire P&O-shipping
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8. Introduction
Sovereign Wealth Funds
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9. Introduction
Sovereign Wealth Funds
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10. Introduction
Sovereign Wealth Funds
Initially Current
• US Banking, Financial • Manufacturing &
Services and Real Estate Services
• Passive Investor • Partnerships and Joint-
Ventures
Increased
Need for greater
political, media
operational
and public
transparency
scrutiny
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11. Introduction
Sovereign Wealth Funds
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12. Introduction
Sovereign Wealth Funds
• Santiago Principles
Legal
Framework,
Institutonal Investment and
objectives and
Framework and Risk
coordination
Governance Management
with
Structure Framework
macroeconomic
policies
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13. Road Ahead
Challenges
• Keep public deficit under
control
• Cost-cutting may be
counterproductive
• Direct Management by
Government
• To tax or not to Tax
www.pahladsingh.in info@pahladsingh.in
14. Road Ahead
Opportunities
Indian
Easier Infrastrucure
Settle invoices
procurement for E-government: Finance
on a 10-day
vendors to applying for ID’s Company: 70
basis
compete million jobs by
2010
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15. Change… in the Public Sector
And those of us who
manage the public's dollars
will be held to account — to
spend wisely, reform bad
habits, and do our business
in the light of day —
because only then can we
restore the vital trust
between a people and their
government.
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