2019 marks the third staging of the Public Bodies Corporate Governance Awards (PBCGA). The PBCG Awards is a collaborative effort between the Private Sector of Jamaica and the Government of Jamaica and forms part of the strategic plan to incentivize public bodies whose operations are governed or guided by the Public Bodies Management Accountability Act (PBMAA) and the Corporate Governance Framework (CGF) and which continuously demonstrate exemplary performance.
Public bodies that are eligible to apply for the Public Bodies Corporate Governance Awards will vie for various category awards, as well as the coveted overall winner award. Category awards include: Board Composition, Functions & Structure; Corporate Governance Policies Procedures & Practices; Compliance and Disclosure of Information; Risk Measurement and Internal Controls. In addition, there will be three special awards. The winner will be determined by an adjudicating panel of seven members selected from both public and private sectors and will receive public accolades, a trophy and cash award.
"Each year the event gets bigger and the number of entrants increase which is a clear indication that more public bodies are becoming more willing to be open to public scrutiny,' said Carlene O'Connor, Deputy Financial Secretary, Public Enterprises Division.
Greta Bogues, Corporate Governance Committee Chairman, Private Sector of Jamaica said "the PSOJ is heartened by the increase in the number of entrants and in the overall effort that public bodies are making in being more compliant and transparent." Ms Bogues also noted that the PSOJ through her office will continue to contribute to enhanced governance among public bodies. She indicated that when government entities strive for excellence in service delivery and in the accuracy of reporting that are evidenced based, this adds value as the Government is better able to make informed decisions that will improve the quality of lives of all Jamaicans.
The event will be held at the Jamaica Pegasus on Wednesday, December 11. Public Bodies will have until today October 8 to submit applications.
For further information contact:
Communication & Public Relations Branch
Ministry of Finance and the Public Service
30 National Heroes Circle
Tel: (876) 932-4656/4660/4655
Contact: Elaine Oxamendi Vicet/Daniel Passley