The Governance Standards, Codes and Systems (GGOSC) Unit in the GGP
Edward Olowo-Okere, Director, GGP World Bank
The Governance GP established three Global Units to lead corporate and global engagements on specific thematic areas on behalf of the GP, and, when relevant, the EFI practice group and the Bank, while also providing support to regional teams on country/regional programs. The Governance Standards, Codes and Systems (GGOSC) Unit, one of these three Global Units, covers issues related to corporate financial reporting, standards and codes for transparent financial management in public and private sectors, corporate governance, SOEs, technology and integrated digital solutions for governance.
GGOSC plays an important role in all five strategic priority areas that guide the GGP’s engagement, including: strengthening public policy processes; efficient resource management; reforming public service delivery; strengthening public-private interface; and, enabling policy effectiveness. GGOSC leads product development and the GGP’s engagement with global partners regarding standards, codes and systems for transparent financial management in the private and public sectors, and in matters of Digital Governance, Corporate Governance, SOEs and PEFA. The Unit is staffed with highly qualified professionals who have the strong technical expertise required to support the regional GGP teams in developing and delivering client-focused solutions to complex development challenges in line with the GGP’s strategic objectives.
GGOSC is designed not only to connect regional teams with global partners, but also to put global knowledge at the disposal of Bank teams to provide topnotch solutions to clients’ development challenges. This regular newsletter will help to clarify, concretize and further the unit’s objectives.