Securities and Exchange Commission – Effective Policy Management

You can’t build a castle without a solid foundation. Similarly, you can’t expect Dodd-Frank reforms to succeed without first strengthening the regulatory community, or the Department of Defense to achieve audit readiness without first implementing effective policy management, or the Department of Veterans Affairs (VA) to implement an electronic health record system without first improving internal policies and practices.

In 2012, 687,000 out of 1.6 million federal employees responded to the U.S. Office of Personnel Management (OPM) Federal Employee Viewpoint Survey.  Only about half (52%) of federal employees responding to the survey indicated that they were part of a results-oriented performance culture.

About 70% of U.S. Securities and Exchange Commission employees responded to the survey.  Only about one in three (36%) of SEC employees responding to the survey indicated that they were satisfied with the policies and practices of their senior leaders.

In the Securities and Exchange Commission’s 2012 Financial Report, the Commission reported spending $552.3 million to foster and enforce compliance with federal securities laws while meeting or exceeding only 41% of its performance targets.

The federal government has used taxpayer dollars to deploy a number of resources to oversee federal programs that could be leveraged to foster a high-performance culture, including:

– Office of Personnel Management (OPM) Federal Employee Viewpoint Survey

– Office of Special Counsel (OSC) E-Filing System

– Performance.gov

– Regulations.gov

– Federal Code of Conduct

Within most federal agencies, human capital is woefully underutilized.  In the aggregate, mismanagement leaves billions of dollars on the table in expenses that could have been saved – underscoring the need to link existing federal resources to ensure that federal programs have the actionable intelligence they need to spend taxpayer dollars effectively, treat employees fairly, and hold middle-managers accountable for meeting performance targets.

Write your representatives in Washington today asking them to join with other members of the U.S. Congress to champion a legislative proposal to strengthen the foundation of the federal government by linking existing federal resources to ensure that federal programs have the actionable intelligence they need to spend taxpayer dollars effectively, treat employees fairly, and hold leaders accountable for meeting performance targets.

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About zethics
CEO and founder of zEthics, Inc. Thirty years of experience with finance and accounting background in public private sectors.

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