Executive Leadership Program in Public Governance: Policy Framework for Investment
Public governance refers to the formal and informal arrangements that determine how public decisions are made and how public actions are carried out, from the perspective of maintaining a country’s constitutional values when facing changing problems and environments. The principal elements of good governance refer to accountability, transparency, efficiency, effectiveness, responsiveness and rule of law. There are clear links between good public governance, investment and development. The greatest current challenge is to adapt public governance to social change in the global economy. Thus the evolving role of the State needs a flexible approach in the design and implementation of public governance.
Public governance is important for investors and their businesses. It helps build trust and provides rules and stability needed for planning investment in the medium and long term. It facilitates a smooth and productive interaction between the State and the general public, no longer based on rigid traditional “control and command” approaches, but on flexibility, guidance, communication and persuasion. Public governance is currently more participative and transparent. Regulatory clarity and certainty are valued by businesses and citizens. Innovative mechanisms to monitor and evaluate public management are commonly used to improve transparency and build credibility, important determinants of investment.
Public governance executive program at the United States Institute of Leadership and Diplomacy addresses two key dimensions of the public governance agenda relevant to investment and maximizing its benefits: 1) regulatory governance and the rule of law; and 2) public sector integrity, including the contribution of international co-operation.
In this seminar participants will learn a more focused perspective on the core elements in the backdrop of performing public governance. The program aims in one hand to address issues related to the assessment and analysis of policy making systems, capacities for fair compliance and their interaction with investors and economic agents. In other hand it provides methodology of of adapting the PFI elements to some given policy specificity, resources availability and investment needs.
After completion of the program participants should be able to handle issues related to:
Regulatory Governance and Rule of Law, and Public Sector Integrity
Regulatory reform framework
Coordination across government
Regulatory impact analysis (RIA)
Simplifying the administrative burden
Public Sector Integrity:
International standards and national legislation
Application and enforcement