2004 Crown Investments Corporation of Saskatchewan Annual Report
2004 Crown Investments Corporation of Saskatchewan Annual Report
2004 Crown Investments Corporation of Saskatchewan Annual Report
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Strategic Direction and Performance <strong>Report</strong>ingCustomers and Stakeholders PerspectiveCorporate StrategicObjectivePerformanceMeasurePerformance Result<strong>2004</strong>Performance Target2005C-1 Accountability and publicreporting <strong>of</strong> the <strong>Crown</strong>sectorPreparation <strong>of</strong> <strong>Annual</strong><strong>Report</strong> and PublicQuarterly <strong>Report</strong>ingOn time90 Days - <strong>Annual</strong>60 Days - QuarterlySummary <strong>Annual</strong> <strong>Report</strong> toall homesDistributed inJune <strong>2004</strong>June 2005Conference Board review <strong>of</strong>CIC’s annual reporting anddisclosureN/A review doneon a 2 year cycleB+C-2 Development, guidanceand support to CICBoard, <strong>Crown</strong> Boards and<strong>Crown</strong> ExecutivesExternal performance index:CIC Board<strong>Crown</strong> Boards<strong>Crown</strong> ExecutivesNot conductedin <strong>2004</strong>Benchmarks underreviewC-3 Clearly articulateshareholder direction tothe <strong>Crown</strong> sectorExternal performance index:CIC Board<strong>Crown</strong> ExecutivesNot conductedin <strong>2004</strong>Benchmarks underreviewC-4 Capital Pension &Benefits - highlycompetitive benefit andpension programsClient base retentionRolling 4 year return oncontributory funds100%Achieved benchmark95%Achieve or exceedbenchmarkKey Initiatives for 2005CIC will undertake further review and policy development in such areas as Auditor Independence Policies,<strong>Report</strong>ing and Disclosure Policies and Governance Policy on <strong>Crown</strong> held subsidiaries.In collaboration with the <strong>Crown</strong> sector, CIC will refresh the <strong>Crown</strong> sector strategic direction for the medium termoutlook.Public Purpose PerspectiveCorporate StrategicObjectivePerformanceMeasurePerformance Result<strong>2004</strong>Performance Target2005P-1 Make <strong>Saskatchewan</strong> themost affordable place inCanada<strong>Annual</strong> Utility BundleCostLowest in CanadaLowest in CanadaP-2 Youth and aboriginalopportunitiesCo-op ProgramGradworks Program170 students15 interns> 185 students85 internsCentennial Program289 students> 450 studentsAboriginal Bursary Program34 bursaries59 bursariesMath & Science ProgramNew for 200550 studentsP-3 Support a Green andProsperous EconomyStrategic investments insupport <strong>of</strong> public policyNew for 2005EstablishEntrepreneurialFoundationKey Initiatives for 2005In the context <strong>of</strong> a Green and Prosperous economy for <strong>Saskatchewan</strong>, CIC along with its subsidiary <strong>Crown</strong>corporations will evaluate and develop short and long term strategies regarding alternative energy sources.Establish an Entrepreneurial Foundation early in 2005 and create an Entrepreneurial Venture Capital Fund.Further development <strong>of</strong> Human Resource Infrastructure <strong>Investments</strong> including programs with the University <strong>of</strong><strong>Saskatchewan</strong>, University <strong>of</strong> Regina, and SIAST.Continuing to monitor basic utility bundle costs in other jurisdictions to manage <strong>Saskatchewan</strong>s position as lowest.35 C I C
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