The Private Sector Organisation of Jamaica (PSOJ) was established in 1976. It is a national organisation of private sector associations, companies and individuals working together to promote a competitive and productive private sector.
The organisation seeks to influence national policy issues of a political, social, or economic nature. The Private Sector Organization of Jamaica is a voluntary national organisation of private sector associations, companies and individuals that are working together to promote a healthy and productive private sector.
One of the primary mandates of the PSOJ is advocacy. The proactive participation of members, through a number of committees, impacts directly on the development of the private sector. The PSOJ continues to make meaningful representation on behalf of the private sector to ensure that its presence and strong voice are always maintained.
The founding fathers envisioned a number of key objectives for the PSOJ and these are embodied in the Organisation’s Constitution:
- to provide technical assistance in the form of institutional development and membership development;
- to strengthen the Organisation’s ability to advocate on behalf of its members;
- to capitalise on the benefits of international trade agreements, through the dissemination of timely and accurate information to members;
- to promote close and decisive co-operation between members and interest groups whether locally, regionally or internationally;
- to promote better co-operation between the various elements in the private sector so that maximum productivity can be achieved for the benefit of everyone;
- to ensure that the technical resources and facilities that are available to the country are disseminated to the business sector; and
- to serve as a means of co-ordinating the resources within the private sector with specific emphasis on economic development.
Areas of Emphasis (2009-2012)
- To promote cooperation between private sector organisations
- To formulate and promote a macro economic policy framework which will achieve high rates of sustained economic growth
- To formulate and promote policies for the achievement of a lawful and just society
- To promote and influence greater transparency, efficiency and accountability in the operations of the public sector
- To promote the practice of good corporate governance in the private sector