10Corporate plan

#### 10 Corporate plan 10 Corporate plan > > (1) The Board is required to prepare and deliver to the Minister, at least 3 months before the beginning of each financial year of the Institute, a draft corporate plan for the financial year. > > > (2) The Board— > > > > > (a) must consider any comments on the draft corporate plan that are made by the Minister within 2 months after the plan is delivered to the Minister, and > > > > > (b) must deliver the completed corporate plan to the Minister before the beginning of the financial year concerned. > > > (3) The Institute is, as far as practicable, to exercise its functions in accordance with the relevant corporate plan. > > > (4) A corporate plan must specify— > > > > > (a) the objectives of the activities of the Institute for the financial year concerned and for such future financial years as the Minister directs, and > > > > > (b) the strategies, policies and budgets for achieving those objectives, and > > > > > (c) targets and criteria for assessing the performance of the Institute. > > > (5) This section is subject to the requirements of any Act or other law, including the requirements of a direction of the Minister under this Act.