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Government Relations for Your Company: Strategies for Success

Learn about the importance of Government Relations (GR) for your business, different types of GR functions, and how to effectively implement them both internally and externally. Discover if your company needs a GR function and the key steps to take in setting it up for success.

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Government Relations for Your Company: Strategies for Success

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  1. GR Congress 2012. Ukraine Launching Government Relations For Your Company. Dmytro Fedechko General Counsel LG Electronics Ukraine

  2. Topics • Does you company need GR function? • Types GR function organization. • To do inside the organization. • To do outside the organization.

  3. Does you company need GR? Yes if you: • Work in the heavily and frequently regulated industry. • Are the market leader. • Work in the new and not regulated yet industry. • Use of government leverage is a popular competition tool in you industry.

  4. Types GR function organization. • Full-scale GR department. • Legal function based. • PR function based. • CEO/Investor based. • Fusion GR.

  5. To do inside the organization. • Put and maintain policy into agenda of the top management and investors. • Define the scope of GR function and safeguard it. • Establish goals, KPI, procedures, budget. • Arrange process of policy business implication analysis. • Set continuous capability development.

  6. To do outside the organization. • Introduce policy monitoring. • Participate in business associations. • Find key person for each policy exposure area. • Establish your stakeholder outreach platform. • Retain consultants (PR for legal based and legal for PR based). • Enhance your reputation and accessibility .

  7. May The Power be with you!

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