sec.107Draft statement of corporate intent

### sec.107 Draft statement of corporate intent The board of a GOC must prepare, and submit to the shareholding Ministers for their agreement, a draft statement of corporate intent— within 1 month of becoming a GOC; and not later than 2 months before the start of each subsequent financial year (a subsequent financial year ). The board and the shareholding Ministers must endeavour to reach agreement on the draft statement as soon as possible and, in the case of a draft statement of corporate intent for a subsequent financial year, in any event not later than the start of the financial year. (sec.107-ssec.1) The board of a GOC must prepare, and submit to the shareholding Ministers for their agreement, a draft statement of corporate intent— within 1 month of becoming a GOC; and not later than 2 months before the start of each subsequent financial year (a subsequent financial year ). (sec.107-ssec.2) The board and the shareholding Ministers must endeavour to reach agreement on the draft statement as soon as possible and, in the case of a draft statement of corporate intent for a subsequent financial year, in any event not later than the start of the financial year. - (a) within 1 month of becoming a GOC; and - (b) not later than 2 months before the start of each subsequent financial year (a subsequent financial year ).