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Influencing Public Policy

Influencing Public Policy. Canadian experience. Bob Howard President, CIA 2010 03 06. Guiding Principle #1 – CIA. In carrying on its activities and programs, the Institute holds the duty of the profession to the public above the needs of the profession and its members. March 1993.

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Influencing Public Policy

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  1. Influencing Public Policy Canadian experience Bob Howard President, CIA 2010 03 06

  2. Guiding Principle #1 – CIA • In carrying on its activities and programs, the Institute holds the duty of the profession to the public above the needs of the profession and its members. March 1993

  3. Public Positions History Recently Policy Why? So what?

  4. Several years ago Achieve consensus first Never did No public positions Two approaches Individual responsibility Collective responsibility

  5. Currently New Policy in 2005 Respond to regulators Issue public positions Write op-ed pieces for newspapers

  6. Consequences Many public positions Actively promote opinions Sought by media and government See www.actuaries.ca > advocacy

  7. Policy on Public Positions Definition Process Communication

  8. Definition – Public Position Establish and document views of CIA Statement on an issue Submission to an external audience Not a press release Communications based on public positions

  9. Process 1 – Initiate Decide to develop a public position By President and Executive Director

  10. Process 2 – Governing entity Identified by President and ED Normally Board or a Council Has authority for public position

  11. Process 3 – Drafting entity Appointed by governing entity Committee / task force / individual(s) Drafts the public position

  12. Process 4 – Authorizing Cttee Appointed from governing entity by chairperson of governing entity May not be on drafting entity Responsible for release of public position

  13. Process 5 – Draft By drafting entity Required to take into account all relevant practice areas View with support

  14. Process 6 – Review By all members of governing entity Comments to authorizing committee

  15. Process 7 – Finalize By authorizing committee along with drafting entity No further interaction with governing entity

  16. Process 8 – Distribute By Secretariat

  17. Process – Overview A few days to a few months Emphasis on speed, with checks Members not consulted Not all members happy with a public position

  18. Urgent Response Team Response needed in hours Team appointed by Pres and ED Authorized to develop response and speak for CIA May follow-up with formal public position

  19. Communication – Submission Send letter Post on website Announce to members

  20. Communication – Statement Post on website Notify members Use as needed for external communication

  21. Spokespeople Individual(s) who speak for CIA on issue Appointed by authorizing committee Confirmed by Pres or Chair of governing entity Spokesperson represents spirit and intent of public position

  22. Recent Submissions Quebec regulator Office of the Superintendent of Financial Institutions House of Commons Standing Committee on Finance Manitoba Pension Commission Accounting Standards Board

  23. Recent Statements Retooling Canada’s Ailing Pension System Now, for the Future Pandemics Health care

  24. Why public positions? Unique skills Unique understanding Good reputation and credibility If we are silent, others will speak Serve the public interest Promote the profession

  25. Why CIA’s Process? Need for speed Review by leaders

  26. Call to action Valuable advice to offer Important issues being considered Positive impact on our nations

  27. Public Positions Questions Experiences Intentions

  28. Debate

  29. Proposition Resolved, that it is in the public interest and essential for the credibility of the actuarial profession for the IAA to establish a robust set of model International Actuarial Standards of Practice to guide actuarial work under IFRS Phase 2 within 3 years.

  30. Debaters For • Fred Rowley • Michael Pomery Against • Godfrey Perrott • Peter Doyle

  31. Debating Rules 4 minutes remarks by each debater 3 minutes rebuttal by each side 1 minute for each question, 2 minutes response for each side 3 minutes summary by each side

  32. Proposition Resolved, that it is in the public interest and essential for the credibility of the actuarial profession for the IAA to establish a robust set of model International Actuarial Standards of Practice to guide actuarial work under IFRS Phase 2 within 3 years.

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