Enhancing Strategies and Strengthening
The Strategic Planning Office (SPO) advances the collective formulation
of corporate priorities, strategies and initiatives in support of
MAS core objectives.
Over the last year, SPO completed a project to clarify the terms
of reference for MAS decision-making forums. SPO is presently
leading the second phase of the MAS Act Review to enhance corporate
governance and allow the organisation to carry out its functions
Key events organised by SPO that help shape and support MAS
priorities and strategies include:
- MAS International Advisory Panel meeting which brought together
some of the worlds leading business and financial experts
to advise MAS on financial sector strategies.
- Strategic planning exercise for the Management team which developed
broad strategic thrusts as well as the business and organisational
priorities for MAS for the next five years.
- Annual staff seminar where the Chairman and Managing Director
convey the broad business and corporate priorities for the year
SPO is conducting the second External Perception Survey to measure
and track how our stakeholders view our performance and effectiveness
as a central bank, regulator and financial sector developer.
SPO rolled out the Database for Innovation and Corporate Excellence
in 2004. This organisational development initiative provides a one-stop
platform for cross-department sharing of information on organisational
excellence, innovation and PS21 initiatives.
Other ongoing organisational development and innovation activities
include the Frequent Flying Minds (FFM) staff suggestion scheme,
the quarterly i-News bulletin and Innovation Speaker Series, as
well as the annual Innovation awards and FFM awards for outstanding
staff projects. In the year ahead, SPO will focus on strengthening
organisational effectiveness by refining and institutionalising
MAS Corporate Performance Indicators.