Planning.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) A mission statement. (2) An annual review of the internal and external factors likely to affect the institution during the planning period. The review must: (i) Incorporate the description and assessment of workforce and management strengths and weaknesses required by paragraph (b)(7)(i) of this section; (ii) Include an assessment of the needs of the board, including skills and diversity, based on the annual self-evaluation of the board's performance; and (iii) Include strategies for correcting identified weaknesses. (3) Quantifiable goals and objectives. (4) Pro forma financial statements for each year of the plan. (5) A detailed operating budget for the first year of the plan. (6) The capital adequacy plan adopted pursuant to § 615.5200(b) of this chapter. (7) A human capital plan that includes, at a minimum, the items specified in this paragraph (b)(7). These items may be contained in other board-approved documents that are adopted annually, provided the items are summarized in, and incorporated by reference into, the human capital plan. (i) A description of the institution's workforce and management and an assessment of their strengths and weaknesses; (ii) A description of the institution's workforce and management succession programs; and (iii) Strategies and actions to strive for diversity and inclusion within the institution's workforce and management. (8) For each Farm Credit System institution in its exercise of title III lending authorities and direct le

official document · source cfr-2024 · id 12:§ 618.8440