Tuvalu Telecommunications Corporation Act CAP. 35.05 Section 29 29A Corporate Plans7 (1) The Board shall prepare corporate plans. (2) The first corporate plan — (a) shall be for a period of not less than 3 years and not more than 5 years; and (b) shall be prepared and submitted to the Minister no later than 30 September, 1996. (3) Each subsequent corporate plan shall be for a period of not less than 3 years and not more than 5 years, beginning immediately after the period of the previous corporate plan. (4) The Board may review and revise a corporate plan at any time. 29B Contents of Corporate Plans8 Each corporate plan prepared under section 29A shall — (a) set out the objectives of the Corporation; (b) outline the overall strategies and policies that the Corporation will follow to achieve its objectives and discharge its functions; (c) include a forecast of the revenue and expenditure of the Corporation, including capital expenditure; (d) include such performance indicators and targets as the Board considers appropriate; (e) summarise aid-funded assistance received and planned; and (f) include such other matters as may be prescribed by the Minister. 29C Presentation of Corporate Plans to Minister9 (1) As soon as practicable after the Board prepares or revises a corporate plan it shall submit a copy of the corporate plan to the Minister. (2) Not later than 90 days after receipt of a corporate plan the Minister may direct the Board to review and revise the corporate plan in accordance with government policies and priorities as communicated by the Minister to the Board. 29D Notification of certain matters10 If the Board forms the opinion that matters have arisen which may — (a)
prevent, or significantly affect, the achievement of the objectives in a corporate plan; 2008 Revised Edition Page 17