Fourth Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Commission - 2013 Page 23
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37F
R
I
SEC O
R
R
OURTH
EPORT ON THE
MPLEMENTATION OF
RGANIZATIONAL
EFORM
ECOMMENDATIONS
Results from the audit will enable the SEC to determine where and how to adjust its
policies, communications, and training to improve compliance and effectiveness.
• All Senior Officers (SOs) were transitioned to EBPM. Senior Officer training was
conducted and the first annual performance cycle for using the system was completed.
• Negotiation with the National Treasury Employees Union (NTEU) has begun regarding
potential changes to the compensation structure and the potential implementation of pay-
for-performance for bargaining unit employees. The proposed changes include merit pay
raises and performance bonuses for employees who make extraordinary contributions to
carrying out the mission of the SEC.
13. Workstream 5A: Conducting an outcome-oriented performance measures feasibility study
In FY12, the SEC began updating existing performance metrics. Over last six months, this
initiative has been building on momentum gained through development of outcome-oriented
goals and indicators.
Progress since the last report includes the following:
• The Chairman’s Quarterly Operating Report (CQOR) was created to establish a
performance measure monitoring process for the agency. The agency’s Performance
Improvement Officer meets quarterly with the Chairman’s Office to review the status of
performance measures (e.g., timeliness of responsiveness to investor contact, leadership
competency gaps, percentage of transaction dollars settled on time each year, number of
non-US regulators trained, etc.), and recommends action plans, as necessary, to achieve
them.
• The Office of Financial Management (OFM) continues to improve its internal controls
related to requesting, documenting, reporting, and reviewing performance measures.
OFM implemented a new procedure to formalize and document any requested changes to
existing performance metrics. The process also enables OFM to review any such changes
and ensure new or revised measures are outcome-oriented.
P
23
AGE
ADVERTISEMENT
0 votes
Related Articles
Related forms
Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Comission - 2011
Legal
Form Id - Uniform Application For Access Codes To File On Edgar - U.s. Securities And Exchange Commission
Legal
Related Categories
Parent category: Legal