- As one of four economic regulators created in the 1990s, OSIPTEL has overseen the transformation of Peru’s telecommunications sector and market into a competitive market benefitting the country’s citizens and businesses. It is viewed as a technically sound body that has delivered on its mandate over the years.
- Building on this reputation and its strong internal culture, a more proactive external relations strategy could strengthen understanding of the role of the regulator externally and could mitigate external risks. This strategy should aim to build a “no surprises” relationship with stakeholders based on trust and could, in the medium term, lay the groundwork for solutions to some structural challenges faced by OSIPTEL. These include ensuring that appropriate functions, resource frameworks and coordination mechanisms are in place.
- Moreover, there is scope to improve other areas linked to the regulator’s governance, such as building more robust and diverse internal decision making mechanisms, including at the level of the Board of Directors, strengthening transparency and accountability processes, and engaging with stakeholders more regularly to report on performance.
- OECD (2017), Creating a Culture of Independence: Practical Guidance against Undue Influence, Brochure
- OECD (2014), OECD Best Practice Principles for Regulatory Policy: The Governance of Regulators, OECD Publishing, Paris
- OECD (2014), OECD Framework for Regulatory Policy Evaluation, OECD Publishing, Paris
- OECD (2012), Recommendation of the Council on Regulatory Policy and Governance, OECD, Paris
- Network of Economic Regulators
- Performance of regulators
For further information, please contact Anna Pietikainen.