Final answer:
The competency statement is about understanding public protection and the duty to collaborate in nursing practice for the best interests of the public.
Step-by-step explanation:
The competency statement described in the question is related to the concept of public protection in nursing practice. Public protection refers to the responsibility of nurses to work collaboratively with clients and other healthcare team members to provide and improve healthcare services in the best interests of the public.
This competency includes understanding the importance of practicing in a way that ensures the safety and well-being of the public, as well as promoting public health through various interventions and strategies. It also involves considering the broader social, cultural, and ethical factors that influence health outcomes.