CRA Governance and the Board of Management

The Board of Management’s priorities for the planning period

Strategic Direction

The Board of Management will oversee the implementation of the CRA’s corporate vision for 2010 and beyond.

Human, Financial, and Corporate Resource Management

Focus areas for the Board’s oversight responsibilities for the planning period include:

• Enterprise Risk Management: Implementation of the Enterprise Risk Management Policy introduced last year.
• Human Resources: Strategies for succession planning and recruitment; collective bargaining with two major unions; job classification reform.
• Information Technology: Management of Information Technology resources; identification and mitigation of risks to CRA’s Information Technology base.
• Financial Control and Reporting: Ensuring that changes to Canadian accounting standards are applied in the CRA; evaluating, through the Board’s Audit Committee, CRA’s internal controls on financial reporting.
• Project Oversight: In line with the Project Management Policy introduced last year: approval of major projects; ongoing review of approved projects to ensure effective management, identification and mitigation of risks, and the emplacement of appropriate monitoring processes.

Implementing the Corporate Business Plan

The Board of Management plays an integral role in CRA corporate planning, including the development of objectives, strategies, expected performance, and the approval of the annual plan and its summary. The Board also oversees progress against plans and objectives through enterprise risk management and regular reviews to ensure successful implementation and adjustment in response to changing circumstances.

Date modified:

2007-03-29