A. Content and Nature of Information 1. Information is provided on significant issues relating to human resources and social and environmental responsibilities and commitments. A comprehensive review is provided of the corporation's operations including, where appropriate, significant government directives and events, segment review of the business and industry, competitive conditions, management structure, production, research and development activities and human resource and ethical issues. The reports provide forward-looking information including budgets and forecasts, risks and uncertainties and details of significant events that could have a major impact on operations. The objectives for the corporation deal with matters central to the business of the corporation and its mandate and are consistent with, and supportive of, the achievement of the mandate.
Objectives are clear and stated in an appropriate level of detail.
Wherever possible, they are measurable or, at a minimum, facilitate the indication of the degree of achievement. Significant changes in the corporation's objectives, if any, are highlighted and trade-offs for conflicting objectives are explained. The corporation's performance is compared to each stated objective in terms of outputs, outcomes or secondary impacts. Performance reporting consists of quantitative and qualitative information, preferably subject to some form of external validation that clearly presents results against targets. Financial objectives are clearly stated, performance targets are meaningful, relevant and appropriate, and results achieved are compared with them.