The Private Sector Mechanism (PSM) is an open platform for providing a permanent seat for for-profit enterprises and agri-food associations across the agricultural value chains at the UN Committee on World Food Security, as well as engaging in similar multilateral processes.
The Private Sector Mechanism is open to food or agriculture companies, multi-national corporations, and other organisations engaged in the agri-food private sector or development activities that promote market-based principles and entrepreneurial models within this sector.
Governance and Funding
- Every two years the PSM shall elect a Focal Point which must be an international association. The chair of the Focal Point also serves as the chair of the PSM. That Focal Point will be responsible for raising the funds for the operations of the PSM and for chairing its meetings. The governance of those funds and the services they provide shall be directed by the Focal Point and the PSM Supporting Members. The Focal Point shall convene no less than two meetings per year with the Supporting Members of the PSM to set strategic priorities, budgets, and workplans.
- Participation of non-paying members is welcome. Those members will receive information updates via the monthly newsletter and be part of the annual meeting. Input into the PSM, including membership of working groups, is welcome regardless of membership status. Notices of UN meetings open to private sector delegations are shared and all are welcome.
- PSM members may make voluntary financial contributions.
- Based on the core PSM budget which is to be set at the annual meeting in May or June for the upcoming year, there will be a work plan developed by December founded on the CFS workplan for the coming year. It will be finalised by January 31 of the budget year based on the funding raised to date.
- Special projects will be considered if members within the PSM raise extra-budgetary funds for work on a specified project.
- The secretariat of the Focal Point is not responsible for the support of members’ hotel arrangements, travel, and personal scheduling. When individual members ask for additional services outside the scope of the PSM activities, they are to be charged separately.
- The High Level Dinner is an annual PSM-hosted event. Private sector access to this event shall be limited to paying PSM members and must be pre-paid. Provision is made for the PSM chair to invite special guests.
Member recruitment is a joint responsibility between the secretariat of the Focal Point and the members. Suggested activities for enlargement of the base:
- The PSM Chair is to actively seek new members during his/her chairpersonship.
- Each sector/committee to set a list of targets to approach with a standard membership pack.
- The secretariat to identify sectors not yet active and approach them.
- Members of PSM delegations to receive the voluntary membership packages.