We have developed a framework which is designed to support good decision making practices under the VEU program.
How we make VEU decisions
We have developed a decision making framework which is designed to support a culture of good decision making practices. This framework is underpinned by our commitment to:
- being transparent, accountable and keeping our stakeholders informed about decision-making
- creating the right culture, systems and processes to support good decision-making.
Objective
The objectives of the framework are:
- to create the right culture and systems to empower our people to make good decisions
- to facilitate the making of decisions that are:
- independent, evidence based, consistent, balanced and proportionate
- in line with our regulatory framework
- to provide transparency about our decisions and their rationale to stakeholders
Our approach
| Accountable |
Our decision-making processes are clear and consistent Our decisions reflect our legislative frameworks, program objectives and commission policies We provide the opportunity for feedback and review |
|---|---|
| Independent |
Our decisions are evidence based, consistent, and balanced Our decisions consider a range of impacts including program outcomes, public interest, community expectations and market impacts We assess each issue on its own merits |
| Proportional |
Our decisions are proportional in addressing compliance and program risk We assess costs and benefits of our decisions while balancing the impact an reputation of the program |
| Transparent |
We have a clear rationale for the information we request The rationale for our decisions will be clear and documented |