Financial Planning Committee Special Meeting Agenda

Extracted text (beginning)

Time:10:00 am - 4:00 pm
Location:Electronic Zoom Meeting
Pages
1.  CALL TO ORDER
2.  AGENDA
2.1  Review of the Agenda
Late items, new items and re-ordering of the agenda
2.2  Approval of Agenda
2.3  Agenda Context Notes
2 - 2
3.  BUSINESS
3.1  Corporate Planning Process
3 - 14
See Agenda Context Notes, item 2.3.
3.2  Structured Decision-making - Briefing
15 - 16
4.  NEXT MEETING
Wednesday, May 31, from 10:30 a.m. to 3:00 p.m.
5.  ADJOURNMENT
*Approximate time is provided for the convenience of the public only and is subject to change
without notice.
   Financial Planning Committee
 Special Electronic Meeting Agenda
Date: Thursday, April 6, 2023

 
 
 
Financial Planning Committee 
Agenda – Context Notes 
For the special meeting of April 6, 2023 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agenda No. From 
Context Notes 
3.1 Staff Corporate Planning Process 
 
At its February 10, 2023, business meeting, the Governance Committee passed the 
following resolution: 
 
GC-2023-014 
It was Moved and Seconded, 
That the Governance Committee request staff to work with the Financial Planning 
Committee and, as required, other standing committees to develop an outline of a 
corporate planning process that meets best practices for enterprises of a size and 
character similar to the Islands Trust and return to the Governance Committee with its 
findings by April 14, 2023. 
 
Receiving and considering the Financial Planning Committee sub group and staff's joint 
work conducted to date with regards to a corporate planning process. 
 
 
 
 
2

 
Strategic Planning Process Draft Discussion Paper 
 Page 1 
 
The Strategic Planning Process 
Draft Discussion Paper 
 
 
3

 
Strategic Planning Process Draft Discussion Paper 
 Page 2 
 
Table of Contents 
Introduction .................................................................................................................................................. 3 
Step 1 (Goal Setting) – External Analysis ...................................................................................................... 5 
Step 2 (Goal Setting) - Internal Scan ............................................................................................................. 6 
Step 3 (Goal Setting) - Goals ......................................................................................................................... 7 
Step 4 (Implementation) - Identify Projects ................................................................................................. 8 
Step 5 (Implementation) - Develop Milestones .......................................................................................... 10 
Step 6 (Implementation) - Milestones – Ongoing Quarterly ...................................................................... 11 
Step 7:  Close Project .................................................................................................................................. 12 
 
 
 
4

 
Strategic Planning Process Draft Discussion Pap

First 3,000 characters. Open the original for the whole document.