18Contents of strategic plan

18 Contents of strategic plan

(1)  A strategic plan is to –

(a) have regard to the functions of the Authority; and

(b) include the following:

(i) the Board's objectives for the planning period detailing its plans for the general management, operation, financial sustainability, maintenance and development of the Authority’s assets, including the Board's financial plans;

(ii) strategies and performance measures for attaining those objectives;

(iii) strategies for monitoring progress towards the attainment of those objectives and for managing risk and measuring success;

(iv) an appraisal, if applicable, regarding the effectiveness, and the attainment of the objectives, of the previous strategic plan.

(2)  A strategic plan is to be consistent with:

(a) any applicable Ministerial statement of expectations; and

(b) any applicable Ministerial directions.

(3)  A strategic plan is to be in such form as the Board thinks fit.