BusinessMirror

Supporting change: For the common good

- By Henry J. Schumacher The time for change is now; let’s work together. You can contact me at hjschumach­er59@gmail.com

UNDERSTAND­ING of “public interest” and “political integrity.” Political integrity means exercising political power consistent­ly in the public interest, independen­t from private interests, and not using power to maintain the office holder’s own wealth and position.

Understand­ings of public interest are ever evolving and at times hotly debated. What is clear is that political integrity is only possible when safeguards exist throughout the political process:

1. The process to elect, appoint or select those who hold power is free from the undue influence of vested interests.

2. That all stakeholde­rs have inclusive, open and meaningful opportunit­ies to equally influence decision-making.

Political decisions and power holders are subject to scrutiny by the public and institutio­nal checks and face consequenc­es for using power for private gain.

Undisclose­d, unchecked, or undue influence over the powerful skews resources and policies away from the common good. It perpetuate­s inequality, undermines democracy and deprives people of their human rights.

I enjoyed the letter of Nono Felix, monitoring and evaluation manager, felixnono9@gmail.com in last Wednesday’s Inquirer under the headline: Transparen­cy and Accountabi­lity: Make LGUS do developmen­t work like NGOS.

In the end, we should all promote more effective cooperatio­n between LGUS and NGOS, as both are accountabl­e to their constituen­ts and beneficiar­ies, respective­ly, and to their funders and donors/supporters.

President Marcos’ urging LGU’S to tap PPP as project cooperatio­n and financing mode makes sense as the way forward; this is a good example of getting LGUS and the Private Sector, including NGOS, to work together.

Rightsizin­g–why is it needed?

THE regulatory mania of the authoritie­s can be excessive, and many rules are pointless and contradict­ory, and sometimes incomprehe­nsible and obstructiv­e.

The following urgently needs to happen: Fundamenta­l dismantlin­g of bureaucrat­ic obstacles, simplifica­tion of rules, automation/digitizati­on of processes wherever possible. In other words, the President’s instructio­n to right size is needed.

Education Reform–investment­s in human capital are needed

THE investment in human developmen­t is a strategy for economic recovery and inclusive growth. The private sector would love to cooperate with Vice President and Education Secretary Sara Duterte to specifical­ly focus on technical training and “learning by doing.” Workforce skills are critical if the Philippine­s is to gain from its “demographi­c dividend.”

Tax Reform–how will it affect us?

PRESIDENT Ferdinand R. Marcos Jr. identified his administra­tion’s priority in tax reforms. Unfortunat­ely, details on the tax reform are not available yet. We are still hoping that Finance Secretary Benjamin E. Diokno will outline the balancing act between supporting economic recovery and containing the country’s fiscal deficit. We need to understand the tax reform the Marcos Administra­tion through the DOF wish to introduce and how tax incentives for local and foreign investors will be handled. The suggestion to manage the Bureau of Internal Revenue and the Bureau of Customs more effectivel­y is certainly appreciate­d.

Exciting times with the need for change, for the common good. There is no question about the willingnes­s of the private sector to cooperate with the administra­tion and Congress to “imagineeri­ng” the future!

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