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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

Influencing Public Policy

Canadian experience

Bob Howard

President, CIA

2010 03 06

guiding principle 1 cia
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

public positions
Public Positions

History

Recently

Policy

Why?

So what?

several years ago
Several years ago

Achieve consensus first

Never did

No public positions

Two approaches

Individual responsibility

Collective responsibility

currently
Currently

New Policy in 2005

Respond to regulators

Issue public positions

Write op-ed pieces for newspapers

consequences
Consequences

Many public positions

Actively promote opinions

Sought by media and government

See www.actuaries.ca > advocacy

policy on public positions
Policy on Public Positions

Definition

Process

Communication

definition public position
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

process 1 initiate
Process 1 – Initiate

Decide to develop a public position

By President and Executive Director

process 2 governing entity
Process 2 – Governing entity

Identified by President and ED

Normally Board or a Council

Has authority for public position

process 3 drafting entity
Process 3 – Drafting entity

Appointed by governing entity

Committee / task force / individual(s)

Drafts the public position

process 4 authorizing cttee
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

process 5 draft
Process 5 – Draft

By drafting entity

Required to take into account all relevant practice areas

View with support

process 6 review
Process 6 – Review

By all members of governing entity

Comments to authorizing committee

process 7 finalize
Process 7 – Finalize

By authorizing committee along with drafting entity

No further interaction with governing entity

process overview
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

urgent response team
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

communication submission
Communication – Submission

Send letter

Post on website

Announce to members

communication statement
Communication – Statement

Post on website

Notify members

Use as needed for external communication

spokespeople
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

recent submissions
Recent Submissions

Quebec regulator

Office of the Superintendent of Financial Institutions

House of Commons Standing Committee on Finance

Manitoba Pension Commission

Accounting Standards Board

recent statements
Recent Statements

Retooling Canada’s Ailing Pension System Now, for the Future

Pandemics

Health care

why public positions
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

why cia s process
Why CIA’s Process?

Need for speed

Review by leaders

call to action
Call to action

Valuable advice to offer

Important issues being considered

Positive impact on our nations

public positions1
Public Positions

Questions

Experiences

Intentions

proposition
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.

debaters
Debaters

For

  • Fred Rowley
  • Michael Pomery

Against

  • Godfrey Perrott
  • Peter Doyle
debating rules
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

proposition1
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.