Policy Responses Research Articles

The Repo Market and Conflict Inflation

This article seeks to connect today's inflation with one of the least studied and understood creations of the Federal Reserve - the repurchase (repo) market. Despite decades of existence, it is only in the last few years that the repo market has ceased to function smoothly, experiencing first a moment of crisis followed by one of great profitability. When functioning properly, the repo market went virtually unnoticed. Now that it is not, the market has gained the attention of mainstream economics as well as policy makers. However, conventional academic analysis is limited and cannot fully capture the effects that the repo market has had on the overall economy. In this article, we argue that the causes of the pandemic inflation and its public policy response can be understood as the culmination of the longer term currents of globalized financialization and central bank independence. To sharpen our focus on the shorter term, we construct upon the heterodox position of conflict inflation, and argue that the repo market and its principle actors should be considered within the discussion.

Quality of Public Services: The Role of State Civil Apparatus in Realizing Good Governance

Good governance is considered crucial in providing effective, transparent and accountable public services, so it is the main key to sustainable development. This research aims to analyze the role of the State Civil Apparatus (ASN) in improving the quality of public services as an integral part of efforts to achieve good governance. This research uses a qualitative approach with descriptive methods. The results of this research highlight the central role of the State Civil Apparatus (ASN) in realizing Good Governance, especially in improving the quality of public services. The findings show that service efficiency can be improved through efficient management of resources and administrative processes by ASN. Transparency, accountability and active participation of ASN in the decision-making process have also been proven to have a positive impact on the quality of public services. Involving the public in decision making not only increases policy responsiveness, but also creates strong legitimacy. In conclusion, ASN who play an active role in implementing the principles of Good Governance are able to form a government environment that is effective, trustworthy, and able to better meet the needs of the community.

Protecting nutrition in a food crisis.

Food insecurity and malnutrition are rising worldwide due to disruptions in food systems related to interconnected health-, climate- and conflict-related crises. Although governments globally are committed to addressing nutritional challenges, policy responses have increasingly focused on food security and, particularly, on food affordability. However, these short-term measures often overlook the necessity of integrating nutritious foods into the food system to ensure improved long-term nutrition. By drawing on the United Nations Committee on World Food Security's Voluntary guidelines on food systems and nutrition, this article outlines opportunities for policy-makers to integrate nutrition into key elements of the crisis response. Key policy areas where nutrition could be further integrated include social protection, agricultural investment, trade policy and urban planning. Strengthening the focus of nutrition in these measures will be essential to establish long-term incentives that support food systems transformation for improved nutrition. Drawing on theories of the policy process, I propose that stronger governance and cross-sectoral dialogue will be critical to achieve sustained nutritional outcomes. Health policy-makers can play a leadership role in supporting cross-sectoral policy change by carefully framing the policy issues, advocating for institutional structures that promote collaboration across sectors to prioritize nutrition, and strengthening the management of conflicts of interest in food system policy-making.

The role of economic evaluation in modelling public health and social measures for pandemic policy: a systematic review

BackgroundDynamic transmission models are often used to provide epidemiological guidance for pandemic policy decisions. However, how economic evaluation is typically incorporated into this technique to generate cost-effectiveness estimates of pandemic policy responses has not previously been reviewed.MethodsWe systematically searched the Embase, PubMed and Scopus databases for dynamic epidemiological modelling studies that incorporated economic evaluation of public health and social measures (PHSMs), with no date restrictions, on 7 July 2024.ResultsOf the 2,719 screened studies, 51 met the inclusion criteria. Most studies (n = 42, 82%) modelled SARS-CoV-2. A range of PHSMs were examined, including school closures, testing/screening, social distancing and mask use. Half of the studies utilised an extension of a Susceptible-Exposed-Infectious-Recovered (SEIR) compartmental model. The most common type of economic evaluation was cost-effectiveness analysis (n = 24, 47%), followed by cost-utility analysis (n = 17, 33%) and cost–benefit analysis (n = 17, 33%).ConclusionsEconomic evaluation is infrequently incorporated into dynamic epidemiological modelling studies of PHSMs. The scope of this research should be expanded, given the substantial cost implications of pandemic PHSM policy responses.

The Problem of Good Conduct among Financial Advisers

Households in the United States often rely on financial advisers for investment and savings decisions, yet there is a widespread perception that many advisers are dishonest. This distrust is not unwarranted: approximately one in fifteen advisers has a history of serious misconduct, with this rate rising to one in six in certain regions and firms. We explore the economic foundations of the financial advisory industry and demonstrate how heterogeneity in household financial sophistication and conflicts of interest allow poor financial advice to persist. Using data on the universe of financial advisers and the Survey of Consumer Finances, we document who uses financial advisers and the prevalence of misconduct in the industry. Our findings suggest that a lack of financial sophistication is a key friction, making enhanced disclosure a potentially effective policy response. Supporting this, we show through a difference-in-differences approach that “naming and shaming” firms with high misconduct rates was associated with a 10 percent reduction in misconduct.

Publics in local media reporting on harm reduction: Rightfully worried local witnesses or uneducated obstacles to change

BackgroundIn 2018, the planned opening of a second Needle and Syringe Exchange Program (NSP) unit in Stockholm, Sweden, was stopped with reference to protests from the public. Local Stockholm media cited stakeholders who claimed that the initiative was led by politicians with “zero knowledge about what makes citizens upset” and referred to reported public concern over a preschool located near the planned NSP unit. This case highlights the significant role of the public – and the idea of public opinion – in relation to political and medial aspects of alcohol and other drug (AOD) issues. Our aim is to scrutinize how “the public” is produced in local print media reports on harm reduction measures such as the NSP, to illuminate how these representations operate and what reality/ies they co-produce. MethodsWe analyzed 171 articles reporting on harm reduction in local Stockholm print media from 2012 to 2023. The themes identified in the analysis emerged from a combination of data-driven empirical observations and a theory-driven approach grounded in the influential literature on publics and counterpublics by Michael Warner and Nancy Fraser. ResultsThe overarching articulation in the material is that of a singular and homogeneous public. Public opinion regarding local experiences of individual drug use and harm reduction is depicted as being driven by fear and worry over living alongside “messy others”, thereby producing a public of worried local community witnesses. This production of the public takes on two different meanings depending on the narrative of the articles: 1) as righteous and entitled, 2) as ignorant and irrational. As a result, the public comes to operate as either a consulted public deserving consideration in the implementation of harm reduction policies or as an uneducated political obstacle to change. Consequently, the public is assigned both a counterpublic and a dominant public identity. ConclusionsWhen the representation of the worried public is repeatedly echoed by the media, it becomes hard to ignore in policy-making processes. The implications of such media representations are significant, as they risk disguising the complex nature of publics as a diverse group of individuals while reproducing taken-for-granted ideas about local communities opposing harm reduction measures. In addition, the appropriation of a counterpublic identity narrows the discursive space for action. Taken together, the repetition of a singular worried public and the appropriation of the counterpublic position make it nearly impossible to imagine alternative public responses to harm reduction. As a consequence, this can limit well-needed policy responses to AOD issues.

Climate change and economic growth: Some critical reflections

Global warming may affect the economic development and, thus, the welfare of people around the world. Therefore, the economic effects of a changing climate should be known in order to be able to design appropriate policy responses. In the economics literature, one research field empirically analyzes the growth effects of global warming. But often those studies do not account for economic variables that have turned out to be significant in explaining economic growth. In addition, they frequently fail to check for the robustness of their outcomes. This can give rise to biased results regarding the growth process and, therefore, does not necessarily reflect the true data-generating process. Hence, the question comes up: how valid and reliable the results are. Therefore, economic analyses should be undertaken that study the robustness of the results as regards the integration of fundamental economic variables. When policy recommendations are made on how to deal with global warming, we argue that they should be based on robust results only. If that does not hold, economic policy risks being inadequate, giving rise to substantial welfare losses.

Exploring the Causes and Policy Explanations for the Imbalance between Supply and Demand of Professional Healthcare Personnel in Grassroots Elderly Care Institutions in Qingdao

Current pension agency for with the deepening of aging degree and “combining medical and nursing care” policy response has many problems, widespread phenomenon is professional staff pension agency imbalance between supply and demand. In this study, the causes of this problem and its policy explanation are analyzed by using the in-depth interview method of qualitative research. Through the interviews with nurses, medical staff and management personnel in the local pension institutions in Qingdao, it is found that the causes of the imbalance between the supply and demand of professional medical staff mainly include insufficient number of medical staff, inconsistency between workload and income, tension between doctors and patients, and operation difficulties of pension institutions. The key to solving the problem is to promote cooperation between enterprises and schools, set up unified posts, improve the recruitment system, increase government subsidies and support, and formulate and implement targeted policies and measures to form a reasonable and efficient medical and nursing combination system.

Navigating Central-Local Dynamics

This paper examines the central-local relation between Beijing and Hong Kong in the final stage of the COVID-19 combat, by analyzing Hong Kong's policy responses regarding public space governance in 2022. Drawing on the combined theoretical insights of governance diffusion and political steering, this study investigates how Hong Kong governed its public spaces during the dramatic shifting pandemic measures – from China's initial “zero-tolerance” policy at the start of 2022, to the complete embrace of the global “co-existence” norm towards the end of the year. Through the analysis of publicly available data, the findings not only offer nuanced insights into the complex central-local dynamics in governance during the pandemic, but also highlight the broader implications of the rise of authoritarian statehood in potentially threatening the sustainability of Hong Kong's neoliberal governance system in the future.

7.L. Practice session: Is there an investment case for health at older ages?

Abstract The global demographic landscape is undergoing significant transformation due to increases in longevity and declining birth rates. According to the United Nations, the world’s population aged 65 and over is projected to more than double, reaching over 1.5 billion by 2050, while global fertility rates are expected to decline to 2.4 births per woman by 2030 and continue decreasing to 2.2 births per woman by 2050. Ageing populations have frequently concerned decision-makers due to the potential implications of changes in population age-mix for labour markets and the economy, as well as for the sustainability of public programs and spending, particularly the health sector. For example, as the share of the population at older age increases, there are concerns over how to cope with the possible economic implications of having a smaller share of people at traditional working age (with potentially more people obtaining income security through both public and private pensions) and how to respond to greater health and long-term care needs. Without appropriate policy responses, there are worries that demographic changes will have inevitable consequences for households, public finances and possibly for economic growth and development. To support policy decisions related to population ageing it is important to have informative evidence and modelling tools that allow policymakers to better understand both the implications of population ageing as well as the consequences of policy action or inaction. To this end, this session presents three recently developed modelling tools that aim to address a number of policy relevant questions related to ageing: 1) How does ageing affect health financing and are health systems unsustainable? 2) How does ageing affect economic objectives and does health at older ages matter? 3) Can we develop economically relevant measures of health at older ages if older people do not have formal ties to the labour force? Using data and analyses from a range of European countries, we will demonstrate empirically that the way ageing affects health financing systems, economies, and societies more broadly reflects policy choices and is not an inevitable consequence of demographic changes. Key messages • Policymakers must prioritize informed policies to comprehensively understand the impact of aging on health financing and economies, facilitating the development of sustainable solutions. • Immediate action is imperative to address the implications of aging on labor markets and public spending, ensuring future economic stability and safeguarding societal well-being.

The primary healthcare workforce crisis: a comparative assessment of the European region

Abstract Background The healthcare workforce crisis strongly affects the primary healthcare sector, worsening the work conditions of healthcare workers and hampering service delivery and health system resilience. This study introduces a health system and governance approach to identify transformative capacities in health system contexts. Methods A qualitative comparative methodology was employed, and a rapid assessment of the primary healthcare workforce was conducted across nine countries: Denmark, Germany, Kazakhstan, Netherlands, Portugal, Romania, Serbia, Switzerland, and the United Kingdom/ England. Results Our findings reveal both convergence and pronounced diversity across the healthcare systems, with none fully aligning with the ideal attributes of primary healthcare suggested by WHO. However, across all categories, Denmark and the Netherlands, and to a lesser extent also Kazakhstan, depict closer alignment to this model than the other countries. Workforce composition and skill-mix vary strongly, while disparities persist in education and data availability, particularly within Social Health Insurance systems. Policy responses and interventions span governance, organisational, and professional realms, although with weaknesses in the implementation of policies and a systematic lack of data and evaluation. The WHO primary healthcare model only marginally informs policy decisions, but it may receive some more attention in Kazakhstan. Conclusions We conclude that aligning primary healthcare and workforce considerations within the broader health system context may help move the debate forward and build governance capacities to improve resilience in both areas. Speakers/Panelists Tiago Correia NOVA IHMT, Lisbon, Portugal Viola Burau Aarhus University, Aarhus C, Denmark Marius-Ionuț Ungureanu Babeș-Bolyai University, Cluj-Napoca, Romania Anna Sagan WHO European Centre for Primary Health Care, Almaty, Kazakhstan

Is country leaders’ education relevant for policy making? The case of the Covid-19 pandemic

AbstractThis paper examines the impact of a country leader’s education on policy responses and policy outcomes during the onset of the Covid-19 pandemic. Relying on a quasi-experimental event-study approach, I find that political leaders with a graduate education responded more stringently to the first nationally registered infection than political leaders with lower educational attainment. Subsequently, political leaders with a graduate education reported fewer Covid-19 infections and Covid-19 related deaths at the onset of the pandemic. The results suggest that the education of political leaders can explain policy differences, particularly in countries with low electoral accountability. The low level of accountability allowed political leaders with a graduate education to implement stringent, evidence-based policies to contain the pandemic without fear of electoral punishment.

The European Energy Crisis and the Consequences for the Global Natural Gas Market

The Russian invasion of Ukraine in February 2022 led to severe disruptions in the European gas market with significant repercussions on a global scale. The conflict caused a surge in energy prices, a major reshuffling of global natural gas flows, and a shift in the policy-makers’ agendas toward energy supply security. This paper provides a comprehensive review of the developments in the global gas market in the aftermath of the war in Ukraine, focusing in particular on the European gas market and on global LNG trade flows. We first review the characteristics of the gas market in terms of both pricing benchmarks and contractual terms. Next, we analyze the changes to LNG and natural gas production, consumption, and trade flows throughout the European energy crisis. Finally, we review the main policy response to the energy crisis and present some considerations on the gas market outlook. JEL Classification: L95, P28, Q35

The Network of Expertise on Long COVID as a means to synthesise intelligence and improve our response to long COVID at EU level

Abstract To promote international collaboration and strengthen EU and national-level responses to Long COVID, the Commission set up the Network of Expertise on Long COVID (NELC) in 2023. It brings together national institutions involved in Long COVID work, nominated by the Public Health Expert Group (PHEG) representatives of each Member State. The network provides a platform for exchanges of national experiences on diagnosis, treatment, and management of long COVID. The Commission and the NELC agreed on eight specific actions to be implemented to manage Long COVID. The development of a Long COVID definition is complex due to the diverse range of symptoms experienced by patients, and so working towards a unified EU case definition is the first action proposal. This will allow the development and implementation of a surveillance system on national and EU level to foster the knowledge on the actual scale and the symptomatology of Long COVID across the EU leading to a better comparability of health data at Union level. The proposal to develop and implement a training programme for healthcare professionals at EU level will allow for the exchange of expertise/training on Long COVID across Member States. The provision of clinical guidelines based on evidence to Member States will help manage Long COVID, and international collaboration will allow for the sharing of valuable information and data with third countries that have experience with Long COVID. The Commission will use the EU Health Policy Platform to create an open stakeholder group. This group will allow stakeholders and patient groups to express their point of view, and to share experiences. Assessing the far-reaching social and economic consequences of Long COVID across the EU will allow for more targeted social and economic policy responses from Member States. It is important that priority is given to research responding to the most urgent needs of health care systems, which is why the Commission aims to identify research needs.

Can we adapt fairly? Systematic review of health equity implications of climate change in coastal communities in the UK

Abstract As climate change becomes more apparent, it is important to evaluate the equity implications of adaptation interventions and policy measures. Many coastal populations experience high levels of social deprivation, which can be compounded by environmental factors. Coastal hazards, such as erosion and flooding can cause short and long term impacts on physical and mental health. To systematically review the published evidence on the differential impacts of coastal change on health inequalities and review the implications of adaptation responses for health inequality. We systemically reviewed the evidence for the UK only on a) inequalities in coastal flood impact or risk, and b) effectiveness and equity implications of current measures to manage the climate risks to an acceptable level of impact. Interventions included: plans and guidance, insurance, and infrastructure, including natural flood management. We found 8 papers quantifying differentials in current and future impacts of coastal flood risk and 6 papers assessing equity implications of adaptation measures. Coastal flood risk is unevenly distributed. Those owning their own home were more likely to experience flood impacts including increased stress and displacement. There is good evidence that policies for household insurance and property level protection measures have the potential to increase inequalities; other measures (community engagement; planning; defences) may reduce health inequalities, depending on implementation and local context. Adaptation to coastal change requires a range of approaches in the short and longer term, which potentially exacerbate current inequalities. Adaptation responses that rely on individual behaviour change, such as relocation, purchasing insurance, or retrofitting dwellings, may exacerbate inequalities within coastal communities. Climate change challenges organisations to deliver national and local policy responses ensuring that adaptation is effective and equitable.

Study On the Value Connotation, Dilemma and Path of the Integration of Industry and Education in the Open University in the Intelligent Era

The intelligent age puts forward new requirements to the education industry. As an important part of the lifelong education system, the Open University faces challenges in the adaptability and effectiveness of its production-education integration model in the intelligent age. This paper analyzes the value connotation of the integration of industry and education in the Open University under the background of the intelligent era and deeply discusses the core dilemma encountered in the integration of industry and education, including poor policy response, incomplete feedback mechanism, unclear school-running positioning, lack of characteristics of the integration of industry and education, increasing demand for cooperation between enterprises, lack of cooperation ability of schools, lack of learning motivation, and lack of effective external incentives. On this basis, this paper puts forward targeted path optimization strategies, aiming to realize the effective promotion of the integration of industry and education in the Open University through integrated and coordinated development, improving feedback mechanism, clarifying school-running positioning, co-building cooperation platforms, clarifying enterprise needs, increasing on-campus investment, taking students as the center, strengthening external incentives and other solutions. The research in this paper not only guides for the Open University to carry out the integration of industry and education in the intelligent era but also provides decision-making reference for relevant policymakers.

Working on new applications: Use of economic evaluation in burden of disease estimates

Abstract Burden of disease (BoD) analyses provide policy-makers with useful evidence to prioritise policy responses to major public health threats. Increasingly, however, epidemiological data alone is not considered as sufficient to inform decisions, particularly when funding is allocated within a single government approach and different sectors compete for a larger share of the overall budget. Similarly, other funders, such as charities and foundations, may want to prioritise budget allocation between health and non-health objectives. In all these cases, traditional BoD analyses need to be complemented by economic evaluations. In its simplest form, the economic component may mean adding an assessment of the healthcare costs caused by the diseases in the study. A more comprehensive, though still with limitations, approach is to use monetary values to measure the extent to which individuals are willing to exchange their income - which can be spent on other things - for the health outcomes they experience. Finally, in its most advanced and comprehensive form, analyses can include assessments of a number of relevant dimensions, such as those in the OECD’s Better Life Index. The latter approach is also consistent with, and its results support the implementation of, a health in all policies approach. This presentation will look at traditional and innovative approaches that can be used to add an economic dimension to BoD analyses. After introducing the rationale and key methodological issues of each approach, the presentation will discuss the advantages and disadvantages of each methodology and will identify areas where their use can be beneficial in guiding the decision-making process. Examples of the use of these methodologies in real-world analyses will also be presented to support the theoretical part of the discussion.

Scientific policy advice during the SARS-CoV-2 pandemic – a comparison of 25 democratic countries

Abstract Background The SARS-CoV-2 pandemic required rapid and effective policy responses from governments worldwide, especially in the realm of public health. Due to the global impact of the pandemic, it is important to compare country-specific approaches. A systematic analysis of the role and institutionalization of different bodies of scientific policy advice during the pandemic was conducted to gain insights into scientific policy advice structures and to inform future solutions. Methods We contacted the governments of 35 democratic countries about the role and institutionalization of bodies of scientific advisory advice during the pandemic. Data collection took place between September 2023 and March 2024. We analyzed primary data provided by the governments by qualitative systematic document analysis. Results We received feedback from 25 countries within the research period (including 19 European countries). The results were divided into three main categories: (1) temporality, (2) structure, function, & composition, and (3) transparency. Further sub-categories emerged that helped to compare and classify the countries’ approaches, such as initiation, financing, selection, expertise, and diversity of members, systematics of documentation. For example, some used existing structures from ministries, research institutions or the private sector while others were entirely newly established. National bodies of scientific policy advice mostly developed ad hoc, were temporary, and showed several differences between countries. Conclusions Different types of bodies of scientific policy advice were identified in terms of e.g. initiation, function, expertise, and institutionalization. The results demonstrate a significant variation regarding the role and impact of scientific policy advice during the SARS-CoV-2 pandemic. Our study can help to identify essential aspects of scientific policy advice and to formulate recommendations for future health crises. Key messages • The innovative methodological approach and the data which was collected from 25 countries give new insights into an important field of research. • National bodies of scientific policy advice mostly developed ad hoc, were temporary, and showed several structural differences between countries.

1.X.2. Reducing inequalities in access to care in Europe: achieving universal health coverage and more

Abstract Accessibility is multi-dimensional. Universal Health Coverage emphasises the role of population coverage, the scope of services covered, and the depth of financial protection. However, there are other major barriers for patients that can inhibit universal access to health services: geographical inequalities, organisational barriers, and care denial. Health systems can provide extensive cover in some dimensions such as financial coverage or the range of services covered, but gaps in other dimensions can still act as a major barrier to care. Some groups are excluded from population coverage, other patients must navigate waiting times, medical deserts or cultural barriers in order to access care. In this session we will use an innovative filter framework outline common obstacles that patients in the European Union must overcome before they can access the care they need. We will then highlight policy responses to meet the dual goals of reducing inequalities in access to care and ensuring Universal Health Coverage. This workshop will provide a platform for sharing knowledge on reducing inequalities in access to care in EU countries. The objectives of the workshop are to i) highlight cross-cutting themes and approaches, and ii) establish opportunities for cross-country research and learning. The workshop will consist of four short presentations, followed by a broad discussion with audience interventions to bring in the experience of other Member States. Each panel member will make a short presentation in Pecha Kucha format: firstly outlining the filter framework for understanding access to health services then moving to descriptions of a policy journey to strengthening UHC in Cyprus, Estonia and Spain respectively. Bold reforms in Cyprus have expanded coverage under a new universal system; changes in Estonia have improved access to medicines; and policy-makers in Spain have sought to expand coverage of dental care. The moderated discussion will emphasise the potential for cross-country learning - identifying those policy choices of relevance for the rest of Europe. Presentations about specific policy initiatives draw on the latest Health Systems Reviews for Cyprus, Estonia and Spain. Health System Reviews underpin the Health Systems in Transition (HiT) series, a core part of country monitoring undertaken by the European Observatory on Health Systems and Policies. These Reviews are routinely updated and provide a systematic description of the functioning of health systems in countries as well as reform and policy initiatives in progress or under development. As these are in-depth descriptions which detail the intricacies of health systems and an assessment of their performance, they provide the ideal basis for understanding the true multidimensionality of accessibility. Key messages • Even health systems in high-income countries need to address inequalities in access to care to ensure universal health coverage. • The workshop will identify themes and approaches to improving access to care from a cross-country perspective through a multidimensional understanding of accessibility. Speakers/Panelists Erica Richardson European Observatory on Health Systems and Policies, London, UK Cristina Hernandez Quevedo European Observatory on Health Systems and Policies, London, UK Yulia Litvinova European Observatory on Health Systems and Policies, Berlin Hub, Berlin, Germany Gemma Williams European Observatory on Health Systems and Policies, London, UK

Corporate Governance Practices of Changampally Ayurveda Vaidyasala - A Study from Employees’ Perspective

Corporate governance is the arrangement in which companies are directed and controlled (OECD, 2004). Each stakeholder is important to every company and Corporate Governance is the driver of stakeholders' satisfaction (Rejeb, 2012). Among the stakeholders of a company, employees are the most critical stakeholders as they hold direct and long-term contact with the productivity of every company (Lynch Fannon, 2006). This study intended to understand employees' perceptions of Changampally Ayurveda Vaidyasala's corporate governance practices. The famous Changampally family was invited from Tulunadu to perform in the famous Mamanka festival in Thirunavaya, and later, they were forced to settle in Thirunavaya. (http://www.changampallyayurveda.com/ayurveda-medicine-manufacturing.php, n.d.). They are considered one of the oldest and most renowned Ayurveda practitioners specializing in AsthiMarma Chikilsa. It is an Ayurvedic manufacturing company with a GMP certification and is well-known for its employee maintenance system. This study went through their existing corporate governance practices like transparency, fairness, accountability, and responsibility of the company from the employees’ perspective. It is found that the company hasfavourable transparency, fairness, accountability, and responsibility policies towards employees and itsoverall corporate governance practices are found exemplary.