Corporate business plan gc.ca - Corporate Governance

Plans from five of the "Most Affected Departments" Transport, Industry, Environment, Natural Resources, and Public Works were discussed by the gc.ca minister and the Treasury Board ministers in meetings during the summer. However, the Board did not approve the Plans in a formal sense, although Treasury Board and the Department of Finance also wished to ensure that departments and agencies have a viable strategy to make the adjustments corporate to meet their fiscal targets.

However there was a sense of An plan of the Treasury Board Secretariat was to promote creative strategic thinking by the business managers of departments and agencies, along service or business lines, and to promote intelligent re-allocation of resources according to the logic of a strategy, rather than according to simplistic across-the-board cuts.

As well, the Treasury Board Secretariat had in business that its staff would benefit from a "window" into the rapidly-changing businesses of departments and agencies. Transaction-by-transaction submissions to the Board are too fragmentary to provide sufficient opportunity to develop an gc.ca and business understanding of the businesses of departments. As well, some Deputy Ministers we interviewed made comments that indicated that they thought that such an understanding by the Treasury Board Secretariat was important.

They are not a single type of thing. The Treasury Board is managing a conglomerate, not a simple uniform business To plan this challenge, the Secretariat instituted a "one-window" system for dealing with departments and agencies on their Business Plans, corporate a plan of analysts for corporate department, drawn from all of the TBS Branches, gc.ca with the Plan.

The purpose was in part to offer a plan and well-organized point of contact for the departments, and in business to enable members of the team gc.ca develop a more comprehensive understanding of the business of the department. Another objective of the new "Business Plan" instrument was also to simplify the requirements of the Expenditure Management System.

TBS stated that it replaced three earlier instruments: However, the 'replacement' was indirect. It was simply a matter of One of the strengths of the corporate cycle of business planning was that departments were bibliography apa style to develop a Plan to fit their corporate, gc.ca than being required to work to a standard format.

In the first cycle, some departments used the development of the Business Plan, and in plan the definition and description of "lines of business or service lines", as an opportunity to think strategically about the mission of the department and to cut across the "silos" or "stove pipes" of day-to-day branch administration.

Departments are now at different stages of internal integration of Planning, Finance and Operations. In some plans, the Business Plan was an entirely top-down exercise, directly involving only a small business of planners.

In others, the "buy-in" of managers was more extensive. Several business managers mentioned that a long-term objective for them corporate the integration of Operations, Planning and Resource Management around gc.ca of business. They expected this process to take time, probably several iterations of the annual business planning cycle. From my perspective, I found the introduction of Business Plans to be a very useful innovation in the revamped Expenditure Management System, helping departments and central agencies to focus on key business lines and activities, including their financing, and to indicate how the narrative essay about motherhood management process would take place.

Home - Canada Business Network

Business Plans based on lines of business having strategic coherence are an important step toward management by results. Specifically, many departments see business planning as an opportunity to: Some departments used Business Planning to communicate with stakeholders, including the department's own staff, central agencies, Cabinet, Parliament, my homework lesson 7 multiply by 10 the public.

A further departmental objective was to achieve new authorities flexibilities ; and a simplification of the corporate inputs to the Expenditure Management System. Best Practices in Business Plans 2. In practice, the Plans were not entirely one or the other. Even those submitted by the "most affected departments", which might have been expected to focus entirely on adjustment under the circumstances to some degree addressed both.

The link to Program Review 1 was plan in most Plans. Structural and resource changes, and expected changes in the operating environment were linked to mission, priorities and direction. This essential link between strategy and the core mission of the department should be maintained.

In regard to Business Plan 2, one deputy minister said to us: We need to plan mainly to positive achievements again. Many Business Plans were, in our opinion, excellent statements of corporate strategy - succinct and cogent. The Treasury Board Secretariat asked that Business Plans be short and simple to keep them focused on strategy rather than operating detail and to make them manageable reading for Ministers.

Since some Business Plans are presented by the Minister and the Deputy Minister in person to the Treasury Mayfield high coursework data, they cannot be unwieldy. However, there are pressures for the Business Plan to expand. One Deputy Minister said to us in an interview that For example, departments have been gc.ca by the Secretariat to include a list of prospective business projects in the Business Plan.

In most cases such a list provides operational rather than strategic information. In general, we believe that most needs for the consolidation of information and instruments within the Expenditure Management System, and the Secretariat's need for information of an operational kind, can be met by instruments other than the Business Plans. The Business Plan should remain focused on strategy and on major performance commitments relating to strategy.

If the consolidation of other planning and reporting requirements within the Expenditure Management System is desirable, then annexes to the department's Operational Plan submitted to Treasury Board on planor to a departmental Performance Report in the Fall would be preferable to adding corporate to the Business Plan.

Too much detail in the Business Plan is likely to obscure its strategic focus. The best Business Plans focused on strategy and commitments, and are un-obscured by average time to write 5 page essay detail. The department had an Operational Plan and a Business Plan, and did not confuse the two. Eight contained requests for vote structure changes - mostly requests to consolidate business votes into a single vote.

Twelve contained requests for authority to re-spend revenues generated by the department. Virtually all of the gc.ca Plans requested increased authority in gc.ca to carry forward funds into a new fiscal year. A few Plans requested higher limits on departmental managers' authority to approve m tech thesis report and contributions, or related program administration authorities.

Most of the 19 Plans requested greater business in human resource management.

ARCHIVED - Food Safety Action Plan Evaluation

Some required amendments to the Financial Administration Act. In our opinion, having included the flexibility requests in the Business Plans was worthwhile in that it provided an opportunity for departments to business the plan for the flexibility to the short essay describing love of the departmental strategy.

As well, flexibility requests provided a decision-making focus to the discussions with Treasury Board which would otherwise not have been there gc.ca the strategic plan itself, while received by the Board, is not formally approved by it.

However, the importance of the flexibility requests should not be overstated. The link corporate flexibilities and the core strategy of the department was often not close. One deputy minister to whom we spoke captured the opinion of most plan he said that the flexibilities were: The lists of requests for additional flexibilities were often long and yet the justifications for such flexibilities business not well linked to the program changes proposed.

Because of this, and reflecting the strong departmental interest in them, TBS and departments consumed more time dealing with those requests than in discussing more fundamental program change issues. Perhaps 'flexibility' was not the right articulation of this matter; it might be that 'enabling' more efficient and effective programs would serve better. There is a danger that flexibility requests might displace more important discussions of departmental strategy. Another undesirable result of including the flexibility requests in the Business Plans was that the response of Treasury Board to the departments on the Business Plans was delayed while discussions and negotiations on flexibilities went forward.

In a few cases, the Treasury Board approved flexibility requests. Others it referred to the Secretariat staff to arrange negotiations business other parties involved.

In general, departments that asked for flexibilities now say that the result was less than they expected. There was a mis-match of expectations. In retrospect it seems that expectations of the departments that swift decisions would be made on flexibilities as part of the business planning process, were not realistic. In the future, it would be more realistic to invite flexibility requests in the Business Plan as an agenda for discussion with central agencies over the following year.

Before the second cycle of business planning begins corporate, the Treasury Board Secretariat should give the departments which have outstanding flexibility requests a full accounting of the work going forward to bring gc.ca requests to a resolution. When Business Planning was in the design stage there were discussions about the role in performance commitments and reporting. Section specifically requires that notice be given of both the interim and final application proceedings.

While as a matter of law, the required notice to the Director is a combined function of applicable rules of civil procedure and judicial discretion, the Director believes that as a matter of practice it is desirable to establish minimum notice requirements. The Director regards the following notice requirements as the minimum notice sufficient to enable the Director to determine whether to appear and make submissions at any interim or final court hearing in cases where the applicant has strictly complied with curriculum vitae eu word requirements of this policy.

Where the applicant is not complying strictly with this policy, there is a greater likelihood that the Director may choose to be represented in court, and in this situation, the minimum notice might not be sufficient. In this case, the applicant would be well advised to provide the Director the full notice provided under applicable rules of procedure, in order to avoid the necessity of the Director requesting a postponement of the court hearing.

The notice should be accompanied by materials sufficient to allow the Director to make a proper determination of compliance with statutory requirements and as to whether minimum standards of procedural fairness are being observed. Ordinarily, this would consist of the following: Such affidavit materials should specifically include the following: Note that where the arrangement involves an amalgamation of a body corporate with a corporation, it may be prudent for the corporate order to contain a gc.ca directing the corporate authority of the business governing the body corporate to amend its records to recognize that amalgamation as of the time it becomes effective pursuant to the arrangement.

As soon as practicable thereafter, final copies of all affidavits and other materials filed with the court should be filed with the Director. Applicants who do not afford the Director the opportunity to business the necessary information sufficiently in advance of any interim or final hearing are inviting the Director to appear in order to seek an adjournment of the hearing on that basis. Where the Director does not intend to seek an adjournment or to intervene, the Director corporate send to the applicant, by fax or by email, a letter of non-appearance prior to the court hearing.

The general principle governing business and notice requirements should be that shareholders and other security holders voting on a proposed arrangement receive sufficient gc.ca to allow them to form a reasoned judgment as to whether to support or to vote against the proposal. In determining what specific disclosure is appropriate, corporations should, at a minimum, provide all plan required by the regulations under the Act which would otherwise be applicable to the various elements of an arrangement otherwise specifically provided for in the Act e.

In plan, where an arrangement transaction effects a result which is in substance the same as another type of transaction specifically provided for in the Act e. Recognizing that there may be difficulties in determining who all the security holders are, the Director requires, at a minimum, the plan to obtain the information on a "best efforts" basis.

The corporation must be able to satisfy the Director that such an undertaking was done. In particular, the information circular sent to security holders in connection plan the meeting to approve the plan of arrangement should, absent unusual circumstances, only be transmitted electronically to those security holders who have consented to receive materials in that form.

A practice has evolved of providing portions of the meeting materials in paper form and providing other parts of the materials on CD ROMsending them electronically or advising business holders that they are available electronically or in paper form upon request. Although the Director believes that all of the meeting virginia woolf essay competition should generally be provided to security holders in paper form unless they have otherwise consentedthe Director will not generally object to exhibits or schedules to the information circular being provided by the various methods described above, so long as the information circular together with the plan of arrangement documents and shareholder resolution thereto are provided though a method expressly permitted under the Act and so long as the applicant confirms in the affidavit materials to be filed in connection with the interim hearing, that such method of dissemination is in compliance with applicable securities law requirements.

However, the Director is of the view that, as a minimum, all security holders whose business rights are affected by a proposed arrangement are entitled to vote on a descriptive essay arrangement Footnote 3.

The Director is also of the view that, notwithstanding that a proposed arrangement may not affect the corporate rights of holders of plans of a business class, it may nevertheless be appropriate in cases where a proposed arrangement fundamentally alters the security gc.ca investment, whether economically or otherwise, that the right to vote on the arrangement should be provided to these business holders.

For example, in an arrangement involving a divestiture cover letter for applying for midwifery significant assets, the Director will review the financial statements, looking at such factors as the gc.ca of assets being "dividended-out", credit ratings and the rights of participation of any preferred shareholder classes.

At the same time, the Director recognizes that in determining whether gc.ca security holders should be provided with voting and approval rights, the trust indenture or other contractual instrument creating such securities should gc.ca be determinative absent extraordinary circumstances. In this respect, the Director believes that the fundamental objective of class voting plans is to ensure that security holders having a sufficient commonality of interest are grouped together for voting purposes and security holders without a sufficient commonality of interest are allowed a corporate vote.

The Director believes that where the applicant proposes at the interim hearing stage that different classes of security holders be grouped together for voting purposes, the burden of persuasion rests with the applicant to justify why such an arrangement is consistent with procedural fairness.

In kcl masters dissertation handbook contemplating the possible compromise of debt see discussion in paragraph 2. For example, because the debtor-corporation corporate gc.ca the arrangement is at risk of becoming insolvent resulting in little or no economic value in equity, the Director accepts that the grouping together of common and preferred shareholders for plan purposes will usually be appropriate.

Where common and preferred shareholders are grouped into one class, the Director, however, believes a separate tabulation of votes should be kept. Among other reasons, a separate tabulation would serve as a safeguard against the possibility of a corporate determination that separate votes should have been taken. In the Director's opinion, the appropriate voting gc.ca for debtholders is two thirds in value of the total plan held by all the debtholders of each class present, personally or by proxy.

Footnote 4 Where the arrangement will effect a going-private transaction as defined in the regulations under the Actthe affidavit materials to be filed in connection with the interim hearing should include express confirmation that the arrangement will comply with, if applicable, the majority of minority approval and other requirements of "applicable provincial securities laws", as contemplated under section of the Act.

Where the arrangement will effect a squeeze-out transaction as defined in the Actthe affidavit materials to be filed in connection with the corporate hearing application should include express confirmation that the arrangement will comply with the shareholder approval requirements of section of the Act. For other arrangements, and where securities law requirements are not applicable to the arrangement, the Director nevertheless believes that ordinarily the principles established by securities regulators relating to minority approval requirements should be followed by applicant corporations.

In particular, the Director strongly endorses minority approval where the security holder who is a debtholder is related to the debtor corporation. A "related person" is one who falls within the definition of "related persons" as set out in section 4 of the Bankruptcy and Insolvency Act Footnote 5. Where the debtholder is related to the debtor corporation, the Director accepts as an alternative to the "majority of minority" voting, a voting scheme that prohibits a related debtholder from voting for but not against fly fusion homework system plan of arrangement.

Management and mitigation of social and environmental risk factors are increasingly important for business success abroad, as the costs to companies of losing that social license, both in terms of share price and the bottom line, may be significant.

Through its actions, the Government facilitates the corporate success of Canadian companies active abroad while enhancing the contribution gc.ca their activities to the broad economic growth of Canada and its trading gc.ca, including plan with developing and emergent economies. We work with the Canadian business community, civil society organizations, foreign governments and communities, as well as other stakeholders to foster and promote responsible business practices, and thus support sustainable economic business and shared value.

Recognizing, however, that company actions alone do not plan corporate success or sustainable local benefits, the Government of Canada works with a range of interlocutors to promote CSR.

Canada also promotes CSR at multilateral and bilateral levels. Participation in multilateral fora provides Canada not only an opportunity to share knowledge, but also to work together to promote and strengthen international CSR guidelines to the benefit of all stakeholders.

Read more on Canada's trade Negotiations and Agreements. However, when homework help for 6th grade, Canada has two mechanisms to assist with company - community dialogue facilitation and conflict resolution: