Group Policy: Planning and Reporting Timetable
Policy
Version
Date in force
Planned review
GRP-PRT: Group Policy – Planning and Reporting Timetable
Version 1
December 2007
February 2015
Planning Cycle
Activity
Date/Month
Comment
InternetNZ Council finalises
Statement of Expectations
for each subsidiary
By end October
Sets out Councils strategic
direction, goals and
expectations for each
board (including dividend
payments for the
following year)
Each subsidiary board
submits a Statement of
Direction and Goals for the
next three years
By end November
Contains the broad
strategy for each entity,
the key performance
targets for which the
board will be held
accountable and the
budget for next 3 years
InternetNZ Council
approves in principle
consolidated budgets for
next three years and
confirms/negotiates
changes to the Statements
of Direction and Goals for
each subsidiary
Mid December
Member consultation on
budgets
February
Subsidiary boards finalise
their business plans and
budgets
By 20 March
Business plans from
subsidiary boards tabled at
InternetNZ Council meeting
for formal approval
By 31 March
This should be a proforma approval at this
stage, given the previous
steps
GRP-PRT: Group Policy – Planning and Reporting Timetable | Dec 2007
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Reporting Cycle
Activity
Indicative Date/Month
Comment
Delivery of audited financial
statements from each
subsidiary to InternetNZ to
enable the consolidation of
InternetNZ group accounts
By end of May
Note – current practice is
for the Society’s auditor to
audit all subsidiaries of the
group
Annual report from each
subsidiary is delivered to the
InternetNZ Council
By 20 June
Note – this date will
change annually
depending on the date of
the Society’s AGM
First quarterly report from
each subsidiary to the
InternetNZ Council
By mid August
Feedback is given to the
subsidiaries where
appropriate
Second quarterly report
from each subsidiary to the
InternetNZ Council
By mid November
Feedback is given to the
subsidiaries where
appropriate
Third quarterly report from
each subsidiary to the
InternetNZ Council
By mid February
Feedback is given to the
subsidiaries where
appropriate
Fourth quarterly report from
each subsidiary to the
InternetNZ Council
By mid May
Feedback is given to the
subsidiaries where
appropriate
GRP-PRT: Group Policy – Planning and Reporting Timetable | Dec 2007
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