BR100 Decreased By (-0.71%)
BR30 Decreased By (-0.5%)
KSE100 Decreased By (-0.6%)
KSE30 Decreased By (-0.68%)
AGHA 7.69 Decreased By ▼ -0.12 (-1.54%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 34.10 Increased By ▲ 0.07 (0.21%)
CNERGY 10.08 Increased By ▲ 0.12 (1.2%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.71 Decreased By ▼ -0.99 (-1.81%)
FFL 16.56 Decreased By ▼ -0.13 (-0.78%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.26 Decreased By ▼ -0.14 (-1.89%)
KOSM 5.77 No Change ▼ 0.00 (0%)
LOTCHEM 29.19 Decreased By ▼ -0.13 (-0.44%)
MLCF 92.40 Decreased By ▼ -1.96 (-2.08%)
NBP 201.98 Decreased By ▼ -1.07 (-0.53%)
NCPL 56.88 Decreased By ▼ -0.12 (-0.21%)
NPL 67.10 Decreased By ▼ -0.60 (-0.89%)
OGDC 315.47 Decreased By ▼ -0.37 (-0.12%)
PACE 10.60 Decreased By ▼ -0.04 (-0.38%)
PAEL 42.65 Decreased By ▼ -0.55 (-1.27%)
PIBTL 16.60 Decreased By ▼ -0.14 (-0.84%)
PPL 218.50 Decreased By ▼ -1.28 (-0.58%)
PRL 51.20 Increased By ▲ 2.01 (4.09%)
PTC 70.25 Decreased By ▼ -0.28 (-0.4%)
SSGC 27.37 Decreased By ▼ -0.88 (-3.12%)
TBL 9.79 Decreased By ▼ -0.07 (-0.71%)
TELE 8.69 Decreased By ▼ -0.10 (-1.14%)
TPL 18.28 Increased By ▲ 0.04 (0.22%)
TPLP 13.45 Increased By ▲ 0.18 (1.36%)
TREET 22.55 Decreased By ▼ -0.17 (-0.75%)
TRG 60.14 No Change ▼ 0.00 (0%)
Pakistan

New metric included in framework of Governance Observatory: Senator Dr. Sania Nishtar

  • The Governance Observatory was established in June 2020 to monitor adherence to the Ehsaas Governance and Integrity Policy, which was approved by the cabinet in November 2019.
Published Updated
By

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Poverty Alleviation, Senator Dr. Sania Nishtar on Wednesday said a new metric was also included in the framework of the Governance Observatory.

“We took a decision that no Ehsaas implementing agency will be allowed to get a post-facto approval on its budget,” she said.

Dr. Sania Nishtar chaired a stock take meeting for the Ehsaas Governance Observatory, says a press release issued here.

The Governance Observatory was established in June 2020 to monitor adherence to the Ehsaas Governance and Integrity Policy, which was approved by the cabinet in November 2019.

The Governance Observatory aims to review and improve governance systems and practices of all four executing agencies which are instrumental in implementing Ehsaas programs and initiatives.

The purpose is to build systems that strongly discourage corruption, and to promote efficiency, transparency and accountability for results and compliance with rules.

All four executing agencies of Ehsaas including BISP, PPAF, Pakistan Bait-ul-Mal and TVO came to the table together with Secretary Poverty Alleviation and Social Safety Division (PASSD), Additional Secretary PASSD, and officials from Ehsaas Delivery Unit.

Under the observatory, semi-annual reviews are conducted to review Ehsaas Governance and Integrity metrics focusing on board efficiency, financial control, risk & compliance, and business operations. Several indicators are tracked in these categories.

The governance observatory dashboard takes stock of the cadence of board meetings to ensure board meetings are held as per statutory requirements.

It also takes stock of the meetings of notified board committees which are mandatory as highlighted in the policy. Internal and external audits are key functions to ensure financial control and transparency.

To this end, there are several audit related indicators being tracked by the observatory to ensure audits are conducted regularly and reports are presented to the board.

The governance observatory also monitors organizational risks and tracks, if appropriate risk mitigation systems are in place. This also includes risks associated with usage of information technology systems, especially data governance.

Moreover, the observatory actively monitors business operations practices to make sure that effective HR policies needed for the functioning of these organizations in place.

Specifically, the governance observatory tracks the following indicators: required board meetings conducted in the last 12 months; board committee meeting minutes for the past year circulated, internal audit report for the last fiscal year presented to the board; risk based internal audit plan for the next fiscal year presented to the board; AGP audit report for the last fiscal year presented to the board; external audit report for the last fiscal year presented to the board; error fraud corruption report for the last quarter presented to the board; error fraud corruption cases reported and resolved in the last 12 months; conflict of Interest policy approved by the board; conflict of interest cases reported and resolved in the last 12 months; latest risk register, including proof of submission to the board; IT security policy in place approved by the board; IT audit conducted in the past year; whistle blowing policy approved by the board; whistle blowing cases reported and resolved in last 12 months; employee conduct rules approved by the board; gender harassment cases reported and resolved in the last 12 months; and procurement manual approved by the board.

Comments

Comments are closed for this article.