Common use of Annual Reporting Requirements Clause in Contracts

Annual Reporting Requirements. ‌ 12.1 Annual Business Plan‌ a. The Board will ensure that the Minister is provided annually with the LHIN’s annual business plan covering a minimum of three years from the current Fiscal Year that includes a financial budget, a risk management plan, and a communications plan for approval within the timelines established by the Minister for this purpose. b. The Board is responsible for ensuring that the LHIN’s annual business plan meets the requirements of the AAD. c. The Board will ensure that the business plan includes a risk assessment and risk-management plan to assist the Ministry in developing its risk-assessment and risk-management plan information in accordance with the requirement of the AAD, to assess risks, develop and maintain necessary records and report to TB/MBC. d. The Minister will review the LHIN's annual business plan and will promptly advise the Chair whether or not he or she concurs with the directions proposed by the LHIN. The Minister may advise the Chair where and in what manner the LHIN’s plans vary from Government or Ministry policy or priorities as may be required, and the LHIN will revise its plan accordingly. e. The Board is responsible for ensuring that the LHIN’s annual business plan includes a system of performance measures and reporting on the achievement of the objectives set out in the annual business plan. The system must include performance goals, how they will be achieved, and target results and time frames. f. In addition, TB/MBC may require the Minister to submit the LHIN’s annual business plan to TB/MBC for review at any time.