57BStrategic plan

57B Strategic plan

(1) Within 3 months of the commencement of this section, the Board must prepare a 4-year strategic plan and submit a draft of the plan to the Minister for approval.

(2) The Board must prepare and submit a draft of a
4-year strategic plan to the Minister for approval within 6 months before the expiry of each previous approved plan.

(3) A strategic plan prepared under subsection (1) or (2) must contain the following—

(a) a vision statement;

(b) a mission statement;

(c) a statement of values;

(d) objectives to be met during the course of the plan;

(e) details of the strategic initiatives which will enable the Board to meet those objectives.

(4) The Minister on receiving a draft of a strategic plan submitted under subsection (1) or (2) may—

(a) approve the plan; or

(b) reject the plan and ask the Board to submit an amended draft of the plan for approval by the Minister, which contains or addresses the changes requested by the Minister.

(5) If a strategic plan prepared under subsection (1) or (2) has been approved by the Minister, the Board must—

(a) adopt and implement the plan; and

(b) publish the plan, and keep it published, on its website.

(6) A strategic plan that has been approved by the Minister expires 4 years after the approval.

(7) The Board must in its annual report of operations prepared for the purposes of section 45 of the Financial Management Act 1994 report on its progress in implementing its strategic plan.