Integrity group says PSOJ's party funding disclosure should take place publicly
Executive Director of National Integrity Action, Professor Trevor Monroe is welcoming the Private Sector Organization of Jamaica’s (PSOJ) move to have its members disclose their funding to political parties and candidates.
However, he says in order for this to have meaningful impact, the disclosure must take place publicly before the general election on February 25.
In a letter to the association yesterday, Monroe also urged the PSOJ to guide its members to abide by the spirit of Campaign Finance Reform recently approved by Parliament.
The reforms which have not yet been gazetted as law say no donor should make anonymous contributions.
It says no donor should contribute more than $1.5 million to any candidate.
It says no donor should contribute more than 47.25 million to any party or five per cent of the total maximum expenditure allowed for a party contesting all 63 constituencies.
Monroe also says members of the organisation should be reminded that “contributions” and “donations mean not only cash, but “any gift in kind or any other benefit”.
According to the NIA boss, by taking such steps members of the PSOJ would be contributing to transparency in the political process.