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January 2011 1
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.
January 2011 2
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
January 2011 3
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
January 2011 4
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
January 2011 5
Areas of Strategic Focus 2010 - 2012
1. To promote cooperation between private sector organisations
2. To formulate and promote a macro economic policy framework which will achieve high rates of sustained economic growth
3. To formulate and promote policies for the achievement of a lawful and just society
4. To promote and influence greater transparency, efficiency, and accountability in the operations of the public sector
5. To promote the practice of good corporate governance in the private sector
January 2011 6
Our (Not so) New Tag Line
FREE ENTERPRISE.WATCH JAMAICA GROW!
January 2011 7
STRATEGY MAP 2011
8
NA
TIO
NA
L
IMPA
CT I1. Public policies
implemented that enable strong sustainable private
sector led growth and development
I2. The PSOJ’s members are internationally
competitive and socially responsible businesses
I3. The PSOJ is a vibrant, sustainable
unifying private sector umbrella organisation
STA
KEH
OLD
ER &
MEM
BER
INTE
RN
AL
PR
OC
ESS
LEA
RN
ING
&
GR
OW
TH
M1. We trust The PSOJ to effectively advocate and solve
national issues affecting my
business
M2. The PSOJ supports me in
making my business
competitive and responsible
M3. The PSOJ keeps me well informed on
issues that affect my business
M4. The PSOJ is transparent, acc
ountable and provides good
value for money
IP1. Effective advocacy
IP2. Effective policy analysis
and formulation
LG1.We have a competent and motivated team who understand and execute the
strategy
IP3. Provide effective networking
opportunities for members
I4. Provide effective services for that enable member
competitiveness
IP5. Effective engagement of
and communication
with members and the public
IP6. Prudent governance and
financial management
IP8 Effective resource
mobilisation
LG 2. We have the right
tools, information and
Committee structure
LG3. We have a working
environment that supports strategy
execution
LG4. We have competent and
effective leadership at all
levels
PSOJ Officers(elected June 16, 2010)
January 2011
Nicholas Scott, VP
Lisa Soares Lewis, VP
Don Wehby, VP Earl Jarrett CD Hon. Secy
Jacqueline Sharp, Hon. Treasurer
Sandra Glasgow, CEO
Joseph M. MatalonPresident
9
PSOJ Executive Committee(elected June 16, 2010)
7 Officers, plus
7 Associations:
Jamaica Bankers Association (Minna Israel)
Jamaica Employers’ Federation (Wayne Chen)
Jamaica Exporters Association (Vitus Evans)
Jamaica Hotel and Tourist Association (Wayne Cummings)
Institute of Chartered Accountants of Jamaica (Archibald
Campbell)
Shipping Association of Jamaica (Roger Hinds)
Small Business Association of Jamaica (Dalma James)
January 2011 10
Members of The Council(elected June 16, 2010)
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 Limited
Jamaica Public Service Company Limited
Musson Jamaica Limited
Jamaica Producers Group Limited
First Caribbean Int'l Bank Limited
The Bank of Nova Scotia Jamaica Ltd.
Citi
GraceKennedy Limited
Sagicor Life of Jamaica Limited
Pan Caribbean Financial Services Limited
January 2011 11
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
Incorporated Masterbuilders Association
Institute of Chartered Accountants of Jamaica
Jamaica Customer Service Association
Jamaica Developers Association
Jamaica Livestock Association
Sugar Manufacturing Corporation of Jamaica
Women's Business Owners Jamaica Limited
January 201112
Members of The Council(elected June 16, 2010)
Individuals
Mr. Elon Beckford
Mr. Christopher Bovell
Mr. Charles Ross
Mr. Oswald Lee
Mr. Roy Banarsee
January 2011
Members of The Council(elected June 16, 2010)
13
The Election Process
President and Executive Committee
Elected at first the meeting of the Council after the AGM
The Council (at the Annual General Meeting)
50 member body (All Association members; companies and individuals)
Members Elect
January 2011 14
Profile of Our Members
Corporate 171 members
Association 23 members
Individual 42 members Companies
72%
Associations
10%
Individuals18%
January 2011 15
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)
40%
13%
24%
23%
Large
Medium
Small
Micro
January 2011 16
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
January 2011 17
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
January 2011 18
Annual Economic Forum 2010
January 2011 19
Chairman’s Club ForumSponsored by LIME and NCB
January 2011 20
Hall of Fame AwardsRecipient: Robert Levy, 2010
January 2011 21
Communication and Information
Publications
Annual Report
Newsletter (quarterly)
E-Bulletin (monthly)
Economic Bulletin (monthly)
Website – http://www.psoj.org
January 2011 22
Communication and Information
Events
Workshops
Seminars
Members’ Luncheons
Annual Hall of Fame Banquet
Chairman’s Club Fora (sponsored by LIME and NCB)
Flow President’s Breakfast Fora
January 2011 23
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
January 2011 24
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;
January 2011 25
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
January 2011 26
Special Projects
National Crime Prevention Fund
Solving Crime Pays!!
Help us with your contributions to the J$20M reward fund
January 2011 27
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
January 2011 28
Exciting Projects & Programmes in 2011
Chairman’s Club Forum – six for the year; sponsored by LIME and NCB
Flow Business Breakfasts
Annual Economic Forum
Corporate Governance Round Tables and Director Training; sale of Tool Kit and Handbook
January 2011 29
Exciting Projects & Programmes in 2011
Commercial Alternative Dispute Resolution Centre (located at 64 Knutsford
Boulevard, Penhouse)
Family Business Conference – July 2011
Family Business Seminars (March and November 2011)
January 2011 30
Exciting Projects & Programmes in 2011
EU/Proinvest project to promote energy and environmental efficiency
CARTFUND Project to promote regional trade and access to European markets
“Meet Jamaica @ London 2012” – a series of trade events in the UK leading up to the 2012 Olympics
January 2011 31
Exciting Projects & Programmes in 2011
YUTE – Youth Upliftment through Employment – supporting “at risk” youth
Obra Project – leveraging multisectoral partnerships to address “at-risk” youth issues of employability, employment and entrepreneurship
Corporate Social Responsibility programmes (mentorship, reading in primary schools; school governance)
January 2011 32
Get Involved; Join a Committee!
Economic Policy
Trade Policy
Justice Reform
Standing Committee on National Security
Education/Corporate Social Responsibility
Corporate Governance
January 2011 33
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
January 2011 34
Thank you!
We look forward to seeing you at our next event and to serving you better in 2011 and beyond.
Contact us:Sandra A. C. Glasgow, CEO: [email protected]
(876) 927-6931
Peta-Gay HodgesMarketing Officer - Membership Services
[email protected] ext. 2225
January 2011 35
