Explore Potential for a Comprehensive Approach to Incentivizing Business Behaviours

Project Updates as at 31 May 2017

Status: Business Planning

  • This project did not achieve the interim target of March 31 for the launch of an Accreditation scheme. The Ministry identified a lack of resources as a critical factor.
  • A phased implementation approach is planned, to commence with market testing and consultation to solicit feedback from the business community. The implementation plan and its associated timeliness are yet to be finalised; and are expected to be supported by a Strategy document and a Project Charter.
  • The Ministry has advised that a project team has been established to support with the planning and execution of this project.

Next key milestones: Finalisation of the Strategy document, Project Charter and detailed implementation plan.

Estimated project completion timeline: N/A – Project has not yet been initiated.


Project Updates as at 30 November, 2016

Status: Conceptualisation

In the private sector, many employers already go well beyond their statutory obligations in respect of giving opportunities for employment and advancement to Caymanians.  In essence, the project to incentivise positive business behaviours (ABO14) seeks to reward businesses for compliance with laws and regulations (basic level), and increase rewards for good business practices such as scholarships for Caymanians (advanced levels).  However, to ensure that businesses are not circumventing their obligations after receiving benefits, there needs to be a system that consistently monitors compliance and immediately reports instances of non-compliance so that businesses can be held accountable.  To solve this problem, the E-Government Unit is working to establish an interoperable system (the X-Road) that will facilitate a cost effective mechanism for the transmission of data while providing greater assurance of data protection, data quality, business process automation, and compliance monitoring. In the interim, the Ministry has developed the proposed high-level business processes that the X-Road will facilitate, from a systems point of view, as well as the administrative aspects. As such, with the technical and administrative frameworks worked out, this project is now in a pause stage awaiting the launch of the X-Road system.


Project Updates as at 25 May, 2016

Related EY Recommendations:

None

PROJECTS ASSIGNED TO: MINISTRY OF HOME AFFAIRS

The Premier and Minister: Hon. Alden McLaughlin

Project Sponsor: Mr. Eric Bush, Chief Officer

Overview (taken from Cabinet’s Project Future Programme Brief): The Cayman Islands has traditionally relied on systems of penalties in order to drive business behaviours, in particular in relation to the employment of Caymanians. This project will review plans for the accreditation scheme and consider the potential for a comprehensive framework to incentivize responsible business behaviours across key areas of business activity.

Status: An Outline Business Case on an Immigration Accreditation System is being progressed.   

Ministry/Portfolio Update:

  • An Outline Business Case on an Immigration Accreditation System is being taken forward as a first sub-project.
  • The Outline Business Case was submitted and a quality review has been completed. It is currently being revised for resubmission.
  • A Strategic Assessment on a broader package of options for incentivizing positive behaviours is planned as the next deliverable.