New Rules Strategic Plan 2012-2015
Background
New Rules for Global Finance Coalition has worked with a wide range of actors from non-governmental organizations, policy analysts and governments since 2006 to address systemic issues of international finance and resource mobilization. New Rules has convened critical actors from developed and developing countries to identify politically feasible and technically sound solutions to systemic issues of international finance and resource mobilization—all to promote just, inclusive and economically sustainable global growth and development.
Although New Rules has maintained clarity about the relationship between its mission and the programs established to carry out the mission, the organization has not adopted a strategic plan prior to this one. The Board of Directors decided in the fall of 2011 that the creation of a strategic plan for the next three years would allow New Rules to take into account the many changes in the global financial, public finance, political and social systems over the past six years in determining the best path forward. The Board named a Strategic Planning Committee with representatives from board members and staff which have guided the process that resulted in the adoption of this plan by the Board of Directors on May 22, 2012.
With the assistance of a consultant, a series of twenty-seven interviews with board members, staff and outside stakeholders were conducted in February 2012. The information from those interviews informed the discussions at a two day retreat of board and staff in April 2012. The discussions and decisions during that retreat and what has been learned from New Rules’ activities over the first six years led to the creation of this plan.
Program Goals and Objectives
Goal 1: Public Responsibility over financial institutions and markets through global and national governance and regulatory reform that is transparent, inclusive, accountable and responsible for supporting just and economically sustainable global growth and development.
Objectives to achieve this goal:
- Transparency: Ensure that the deliberations, decisions and documentation of the G20, IMF and FSB are fully transparent to stakeholders, and that the policies they endorse promote transparent global and national financial regulations.
- Inclusion: Allow those affected by actions of these institutions to maximize their voice in the decisions these institutions make, while promoting universal representation through a fair constituency mechanism.
- Accountability: Significantly strengthen the accountability of these institutions to member governments and through them to their citizens.
- Responsibility: Ensure that the actions of the institutions result in financial governance and regulations which promote a more just and economically sustainable global development, especially for people in low income countries.
Goal 2:Public finance reforms which are transparent, inclusive, accountable and responsible, which contribute to just and sustainable global growth and development.
Objectives to achieve this goal:
- Transparency: Ensure that the deliberations, decisions and documentation of the OECD and the UN Tax Committee are fully transparent to stakeholders, and that the policies they endorse promote transparent global and national tax reforms .
- Inclusion: Promote a forum with universal membership for debate on global taxation that promotes just and sustainable global financial systems.
- Accountability: Ensure that the targeted institutions achieve their mandates and are held accountable to members and to affected non-members.
- Responsibility: Ensure that the actions of the targeted institutions result in global and national tax rules that enhance revenue collection which is more just and sustainable, especially in low income countries.