Direction Formulation of a Strategic Plan (mission/vision statement, goals, strategies), i.e., top-down portion of the Community’s Corporate Plan; as part of the strategic planning process, review and determination of what services the Community needs to provide and at what level and cost Establishment of implementation priorities, strategic initiatives Setting of budget guidelines, operating and capital budgets Financial Stewardship Budget (operating and capital) monitoring Expenditure controls and safeguards External auditor or appointment and review of annual auditor reports Policy and program, Community’s Asset Management (i.e., life cycle maintenance approach); establishment of adequate reserves Governance Compliance monitoring, Federal and Provincial statutes, municipal By-Laws Community risk assessment and control CEO selection, appointment and performance review; appointment approval for Directors with second level review of performance Review of Succession Planning for the Senior Leadership Team, key replacement charting for balance of workforce Policy and program for performance management (i.e., process to ensure Community is “getting what it is paying for”) Policy & Legislation Review and approval of key corporate policies Tracking of (and influencing to extent feasible) Federal and Provincial statutes/regulations and municipal By-Laws impacting on Community operations and administration Representation of Stakeholders Identification of various stakeholders and their respective needs Monitoring of the Community’s response to various stakeholder needs/requirements Acting on behalf of the “collective” public good in the Community Interface between Community groups/associations, special interest groups and the Community Staff Attendance at Community affairs/events and active participation in fundraising functions/initiatives