No. 4/2018 PEmuc ENTITIES CoRPORATE GovERNANCE Cap. 10:31 PARTV STRATEGIC PLANS AND PERFORMANCE CONTRACTS 22 Strategic plans of public entities (1) The board of every public entity shall, in accordance with this section, draw up a strategic plan for every public entity for which it is responsible, to(a) set the entity's objectives and priotities for a period of between two and six years, as the board may decide; and (b) detemline the manner in which the entity is to achieve those objectives and priotitics; and strengthen the entity's management systems with a view to achieving those objectives and ptiorities. (c) (2) A strategic plan shall deal \Vith such of the following matters as are relevant to the entity-(a) the core functions of the entity, and the relative importance of those functions; (b) key performance indicators by which the entity's performance will be evaluated; (c) the structure of the entity's business and financial plan; (d) (e) measures needed to protect the entity's financial soundness; the ptinciplcs to be followed at the end of each financial year in respect of any surplus in the entity's revenues; {f) >vhcre the entity provides any service or conducts any commercial or senli-conm1ercial business, the standards of service to be provided and the relationship between the entity and other business entities; (g) the relationship between the State and the entity; (h) the exercise of the functions of the line Minister and the board nuder the entity's enabling instmment; {i) any other matter relating to the perfotmance of the entity's functions. (3) The board of every public entity shall draw up a strategic plan and shall consult the line Minister, the Minister and Minister responsible for finance on all nk'lterial provisions of the plan ;:md pay due regard to any representations and reconm1endations the line Minister, the 1v!inister and the Minister responsible for finance may make in regard to the plan. (4) After approving a strategic plan, the board of the public entity concerned shall(a) without delay send a copy of the plan to-(i) the line .Minister, who shall lay a copy of the plan before the National Assembly on one of the ten days on vvhich the Assembly sits after the line Minister approves it; and (ii) the Unit; and (iii) the Minister responsible for fimnce; and (b) cause a copy of the plan to he kept(i) at the entity's office, where it may be inspected by members of the public free of charge at all reasonable times during the entity's business hours; and (ii) available in electronic form for inspection by members of the public on the website of the Unit and of the entity. 94