Business planning promotes an enhanced culture of governance over finances by societies. The process encourages strategic planning and budgeting to be done prior to the end of the member year (the fiscal year end for approximately two-thirds of societies).
Empowered incoming boards to execute on plans
New boards beginning their terms in July will have their business plans for the year in place, having been developed and approved by their previous administrations. The new board’s role is to execute on that plan and to prepare their successors’ budgets and business plans.
Better intelligence gathering
CFA Institute has plans to retire the current SMSS business planning tool, to be replaced with a more flexible reporting and planning tool in the future. We will keep you updated on any changes and ensure you are fully supported during any transitioning.
Planning Cycle