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| Get to know
SRC |
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| Professor
Malcolm K. Sparrow lectures at Harvard
University and is Professor of the Practice
of Public Management, Faculty Chair
of the Executive Program on Strategic
Management of Regulatory and Enforcement
Agencies, and Faculty Chair of the Executive
Program on Protecting Public Programs. |
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The Smart Regulation Committee
(SRC) is headed by Permanent Secretary (Law) Chan Lai
Fung and CEO of Urban Redevelopment Authority Cheong
Koon Hean.
It comprises Managing Director of the Economic Development
Board Ko Kheng Hwa, CEO of JTC Corporation Ow Foong Pheng,
CEO of SPRING Singapore Loh Khum Yean and CEO of the National
Environment Agency Lee Yuen Hee.
Formed by reconstituting the former Cut Bureaucracy Committee
and Rules Review Panel, SRC aims to improve the knowledge,
awareness and practice of regulation across the Public
Service.
Despite its brief existence since May 2005, the committee
has achieved considerable progress in its role to assist
in facilitating the resolution of
inter-agency regulatory issues, in line with the tagline:
“Many Agencies —
One Government — No Boundaries”.
Its six simple yet far-reaching guiding principles state
that regulations should:
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not cost more than
they have to |
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facilitate a competitive
and innovative climate |
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be balanced and imposed only
after listening to stakeholders |
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empower the public to self-regulate,
where possible. Appropriate intervention is only
to ensure standards and accountability measures
are present |
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contain or prevent risks through
risk management approaches |
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bring together departments and
agencies to work as one Government
and stem from a stakeholder-centric perspective |
SRC reiterates the need for rules and regulations to be
constantly reviewed
to assess their continued relevance. It has commenced
its assessment of the second rules review cycle, and promotes
the importance of risk management (as compared to pure
risk avoidance). The committee recognises that a
lot more can be done in the area of sharing best practices
within the
Public Service.
SRC will continue to extract and share best practices
from exemplary frameworks, regulatory academics and expert
practitioners. Professor Malcolm K. Sparrow (see above
picture) is one such acclaimed expert academic on regulatory
frameworks who was invited to share his insights. |
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By Secretariat, Smart Regulation
Committee
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