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The PSOJ2009 and Beyond
The MissionThe Mission of the Private Sector
Organisation of Jamaica is to promote prosperity through sustainable economic growth and development by providing private sector leadership in influencing, lobbying, and engaging key decision makers and by advocating policies in the best interest of Jamaica.
This will be achieved through a united Private Sector and by being well-informed on the macro economy through thought leadership and research on topical issues
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Our Vision for JamaicaIn 2027, Jamaica is a lawful, ordered, just
and values-driven society exhibiting positive Jamaican Culture and Heritage while achieving the right balance between the built and natural environment.
Good governance enabling a business-friendly environment have resulted in a first world economy with modern services and infrastructure
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Our Vision for the Organisation
We will be the dominant voice and the distinctive
leader of the private sector; a competitive and
dynamic, knowledge-driven Organisation
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Our (Not so) New Tag Line
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FREE ENTERPRISE.
WATCH JAMAICA GROW!
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We will be the dominant voice and the distinctive leader of the private sector; a competitive and dynamic knowledge-driven Organisation
PSOJ COMMITTEE FOCUS AREAS
Crime & Violence
Economic Policy
Justice Reform
Corporate Governance
Education and
Training
Trade Policy
Petroleum Marketing
Serve our members and
clients
Optimise our financial
resources
Effectively manage our operations
Cultivate our human
resources
Influence policy and
implementationCORPORATE SCORECARD
C1: Improve responsiveness to the needs of members
C2: Grow and diversify the membership
C3: Develop strategic alliances
C4: Enhance cooperation among
local business member
organisations
LG1: Develop a results-oriented, team approach to
work
LG 2: Increase functional managerial and technical
competency
LG3: Attract and retain staff
F1: Grow sustainable revenues and profits
F2: Improve financial management
IP1: Develop superior service
capability for new members
IP 2: Build relationships with members
IP 3: Improve marketing of our services
IP 4: Optimise IT systems for
enhanced information
sharing
IP 5: Produce accurate and timely reports
Improve advocacy on behalf of members
VISION
IMPACT
PSOJ OfficersPresident – Mr. Christopher ZaccaVice Presidents
Hon. William McConnell, OJ, CD Mr. Richard ChenMr. Mark McKenzie
Honorary Secretary – Mr. Earl Jarrett, CDHonorary Treasurer – Mr. Joseph TaffeChief Executive Officer – Mrs. Sandra
Glasgow
PSOJ Executive Committee
7 Officers, plus7 Associations:
Institute of Chartered Accountants of Jamaica (Prunella Vassell)
Jamaica Bankers Association (Patrick Hylton)
Jamaica Exporters Association (Michael Lumsden)
Jamaica Employers’ Federation (Wayne Chen)
Jamaica Hotel and Tourist Association (Wayne Cummings)
Shipping Association of Jamaica (Roger Hinds)
Small Business Association of Jamaica (Edward Chin Mook)
The Election Process
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Our MembersCorporate
166 membersAssociation
21 membersIndividual
45 members Companies72%
Associ-ations9%
Individ-uals19%
Company member profileMicro 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)
36%
12%35%
18%
Large
Medium
Small
Micro
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Services and BenefitsNational and Regional representationAudience with local and international
government officialsNetworking Events – Luncheons, breakfasts,
etcRecognition and Awards – Hall of Fame; Job
Creation, etc.Effective advocacy at all levelsAccess to information critical to business
growth and development, e.g. Economic Bulletin
Services and Benefits cont’dPractical 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
Annual Economic Forum
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Job Creation Awards
Chairman’s Club Forum
January2009
Hall of Fame Awards
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Member Induction
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Communication and Information
Publications Annual Report Newsletter (quarterly) E-Bulletin (monthly) Economic Bulletin (monthly)
Website
Communication and Information
Events Workshops Seminars Members’ Luncheons Annual Hall of Fame Banquet Fora
Chairman’s ClubA select group of senior executivesLiaises closely with the PSOJ ExecutiveContributes to decisions regarding
issues of national importance Provides guidelines in developing PSOJ
policy positionsCreates networking opportunities
within senior executive group at special events
Council of Presidents
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AchievementsSince 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 controlsTax reforms in the late 80s and early 90s;
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
Special Projects
National Crime Prevention FundSolving Crime
Pays!!Help us with your
contributions to the J$20M reward fund
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Visit our Web Site
http://www.psoj.orgKeep abreast of how we are “Working For You”News releasesCEO’s monthly reportPeriodic pollsEventsPublicationsProjectsSponsorship opportunities
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Current PrioritiesParticipation on Monitoring Board and Expert
Teams to drive the implementation of recommendations from National Planning Summit, in particular:Comprehensive Tax ReformJustice ReformReducing BureaucracyReducing the Debt/Balancing the BudgetJob CreationLand Titling ReformEducation 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
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
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Exciting Projects & Programmes in 2009
Annual Economic Forum - May 14 (Headline Sponsor JMMB)
Corporate Governance Round Tables, Director Training; development of Tool Kit and Handbook
Corporate Social Responsibility programmes (mentorship, reading in primary schools; school governance)
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Get Involved; Join a Committee!Economic PolicyTrade PolicyJustice ReformStanding Committee on National
SecurityEducationCorporate Governance
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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: [email protected]
(876) 927-6931
Margaret Warner, Membership Development Officer: [email protected] ext. 2225
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