Strength in Making Smarter Policy and Regulation – Venturenauts

By February 18, 2019 Blog, Uncategorized No Comments

Making smarter policy and regulation is absolutely critical in today’s fast changing world. This change significantly impacts private sector development which underpins economic growth and living standards. More than ever, we need a better informed, faster way to make good policy and regulation, with business and government working effectively together to achieve best outcomes.

Venturenauts is a specialist in adapting regulatory best practice strategies, systems and tools from around the world to suit local contexts and circumstances in developed and developing countries.

Over the last few years, we have worked with governments, regulators, businesses and industry bodies and universities in improving regulatory environments for private sector development in:

  • Australia
  • Azerbaijan
  • Cambodia
  • Lao PDR
  • Malaysia
  • Philippines
  • Australia-ASEAN regional level.

Our core strength is our ability to work regionally across borders, at strategic and operational levels, understanding and adapting to different economies, business practices and cultures.

Most countries have similar challenges and issues in terms of institutionalising, skill development, culture and commitment regulatory best practice to varying degrees.  Its been a privilege to work on behalf of the ADB as team leaders and international consultants to design, implement and assist with RIA programs in multiple countries, working with senior executives in government, business and academia.

Its a common misconception that smarter policy and regulatory development is the domain of governments.  Common feedback we hear from governments in developing countries is the difficulty with getting the private sector and academia engagement in improving policy and regulatory development as constructive feedback is vital to good policy development as is good research and depth in capacity building.
Making smarter policy and regulation requires a partnership between the public and private sectors, for example:
For Companies to:
  1. Develop regulatory strategies to support corporate growth objectives including international markets
  2. Engage and establish effective working relationships with government
  3. Improve the efficiency of regulatory compliance systems
  4. Conduct executive coaching and staff training programs to build regulatory management capability.
 For Industry Bodies to:
  1. Develop regulatory strategies to support industry growth objectives including international markets
  2. Assess regulatory environments for industry opportunities, challenges and preferences
For Development and Donor Organisations to:
  1. Implement and oversee policies on regulatory reform, anti-red tape and ease of doing business
  2. Develop policies and systems to improve the efficiency of business permitting and licensing agencies
  3. Develop a regulatory impact assessment (RIA) framework with guidelines and training manuals
For  Government and Regulators to:
  1. Implement and oversee a national policy on regulatory reform, anti-red tape and ease of doing business
  2. Develop policies and systems to improve the efficiency of business permitting and licensing agencies
  3. Develop a regulatory impact assessment (RIA) framework with guidelines and training manuals
For Universities to:
  1. Deliver lectures and courses in under- and post-graduate degrees on international best practices in regulatory reform, anti-red tape and ease of doing business
  2. Design and deliver executive education courses and training programs that build policy/regulatory management capability
At Venturenauts, we bring:
  1. Strong commercial focus in developing policy and regulatory initiatives that make an impact
  2. Unique capability in establishing business-government relationships that deliver
  3. Proven skills in working regionally across borders at strategic and operational levels
  4. Extensive experience in building the capability of organisations.
For more information on our expertise in helping to make smarter policy and regulation and how we can help: Introduction to Venturenauts – Strength in Making Smarter Regulation

 

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