Business plans
9 Business plans
A subsidiary must, in consultation with the joint planning board, prepare and adopt a business plan consistent with its charter.
A subsidiary and the joint planning board must ensure that the first business plan of the subsidiary is prepared within 6 months after the subsidiary is established.
A business plan of a subsidiary continues in force for the period specified in the plan or until the earlier adoption by the subsidiary of a new business plan.
A subsidiary must, in consultation with the joint planning board, review its business plan on an annual basis.
A subsidiary may, after consultation with the joint planning board, amend its business plan at any time.
A business plan must set out or include—
the performance targets that the subsidiary is to pursue; and
a statement of the financial and other resources, and internal processes, that will be required to achieve the subsidiary's performance targets; and
the performance measures that are to be used to monitor and assess performance against targets.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.