GIS - 03 July, 2013: Performance monitoring in State-Owned Enterprises (SOEs) was the focus of a half-day workshop which was held this morning at the Cyber Tower 1 in Ebène at the initiative of the Office of Public Sector Governance (OPSG) in collaboration with the European Union (EU).
The objective of the workshop was to sensitise senior officials, namely chairpersons and Board members, senior managers, Chief Executive Officers and Finance managers on the need to improve processes and structures within public entities to best meet the demands for better performance. These comprise amongst others, strategic planning, performance appraisal and monitoring and effective business plans and IT strategies.
The workshop also aims at reinforcing the present Parastatals Information Management System (PIMS) which is a web-based tool through which parastatals are expected to input online data of their financial and non-financial performance. This approach will give SOEs a boost to upgrade their database while improving their reporting, monitoring and evaluation capacity for better service delivery and financial performance.
Several presentations were on the agenda, namely the vision for comprehensive performance monitoring of parastatals and standardised approach for strategic planning. Mr Michael Mann, a high profile and experienced development consultant working for the EU, was the lead resource person.
In his keynote address, the Chief Executive Officer and Executive Director of the AFRASIA Bank and the Vice-Chairman of the Mauritius Institute of Directors, Mr James Benoit, spoke about good governance practices and the need for quality governance and monitoring. He recalled that good accountability, fairness, transparency and responsibility are the four pillars of corporate governance adding that the key elements of governance are good board practices, transparent disclosure and effective control processes.
According to Mr Benoit, the board which is the focal point of any good governance system, is accountable and responsible for the performance and affairs of an enterprise. It should be well-structured with appropriate procedures and the right mix of skills. The remuneration of the Director should also be in line with best practices, he said.
For his part, the director of the OPSG, Mr Geeanduth Gopee, said that the workshop is being organised in the context of the technical assistance from the EU, which is undertaking a study to support the implementation of the economic and social reform programme of Mauritius. As a result, four experts have been sent to Mauritius to conduct field visits, one of whom is Mr Michael Mann. The objective of the cooperation is to improve public sector efficiency and service delivery, he said.
Performance monitoring of SOEs benefits every member of the population and is vital for the credibility of public enterprises, he said. Furthermore, OPSG intends to upgrade the current PIMS into a more integrated performance monitoring system. “PIMS is a useful tool for SOEs to manage their own performance with minimal effort and which help to enhance the services offered to the public” he said.
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