The "OECD Best Practice Principles for Regulatory Policy: The Governance of Regulators" provides guidance for countries aiming to enhance their regulatory environment, ensuring it is beneficial for living, working, and conducting business, while preserving environmental and societal interests. The document focuses on the role and function of regulatory agencies, advocating for improved governance to ensure decision-making processes are objective, impartial, and consistent, without conflicts of interest or bias.
The book is structured into seven chapters, each addressing a specific aspect of regulatory governance:
The publication aims to offer policymakers, regulators, and stakeholders a comprehensive framework to enhance regulatory governance, contributing to better regulatory outcomes. It has undergone extensive consultation and revision, incorporating feedback from various expert meetings and public consultations, ensuring its relevance and applicability across different jurisdictions.
The governance of regulators is critical for the efficient administration and enforcement of regulations, supporting the overall health, happiness, cleanliness, prosperity, and safety of OECD countries, while fostering innovative solutions to contemporary challenges. The principles outlined in this publication are designed to strengthen the governance of regulators, thereby enhancing public confidence and trust in regulatory processes.