Long-term Business Plan SPECIFIC
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d Constraints and problem-solving efforts that have been made.
3 The Companys current position, including market share position and an analysis of the strengths, weaknesses, opportunities and
threats SWOT and the results of mapping the markets and products, as well as the strategic issues encountered.
4 The desired condition of the Company in future, includes objective and growth target, strategy and management policies,
programs and the annual strategic work plan for 5 five years. 5 Financial projections of the Company, which includes the
assumptions used, the investment plan and the source of funding, income projections, projected balance sheet, and cash
flow projections each year for 5 five years.
6 Corporate level strategic cooperations of more than 5 five years term.
7 Structuring and development policies of the subsidiaries for the next 5 five years.
b. Preparation of the Company long-term business plan RJPP is meant to increase the accountability of the Board of Directors and
management in utilizing resources and funds of the Company toward the achievement of results as well as increase of the Company’s
valuegrowth and productivity in the long term. The process of drafting and ratification of the Company long-term
business plan are as follows:
1 Preparation of the Company long-term business plan includes the process of objective setting and long-term assessment that
is oriented toward the future, as well as decision making that maps the Companys current conditions and the expected goal.
2 The formulation of the Company long-term business plan is conducted by the Board of Directors and the management of
the Company by combining a top-down and bottom-up approaches
3 Each of party involved in the process of formulation of the Company long-term business plan should be accountable and
ensure that all information and data used in the formulation is current and accurate.
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4 The process of drafting and ratification of the Company long- term business plan includes:
a Preparation by the Board of Directors, carried out by considering the internal and external environments of the
Company, conducting analysis of strengths, weaknesses, opportunities, and threats SWOT, considering the input
obtained from various functionswork units;
b Submission of the draft by the Board of Directors to the Board of Commissioners to obtain clarification, feedback,
and recommendations; c The Company long-term business plan which has been
approved by the Board of Commissioners is submitted to the shareholders for approval of GMOS;
d The Board of Directors is obligated to submit the draft of the Company long-term business plan for the following period,
to the shareholders for the GMOS approval, within sixty 60 days before the current Company long-term business plan
ends;
e Ratification of the Company long-term business plan should be determined no later than 60 sixty days after the
complete draft of the Company long-term business plan is received by the Shareholders.
c. Implementation and Monitoring of the Company long-term business plan
1 Each working unit submits to the Board of Directors the implementation report of the Company long-term business plan
on annual basis. 2 Evaluation report of the implementation of the Company long-
term business plan is prepared by the Board of Directors and submitted to the Board of Commissioners and Shareholders on
annual basis.
3 The implementation and achievement of the Company long-term business plan should be monitored by the Board of
Commissioners. The monitoring result is delivered by the Board of Commissioners in the GMOS as part of the performance
assessment of the Board of Directors.
4 Amendment of the Company long-term business plan can be done at any time when deemed crucial if there is a very
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significant change in the fundamental parameters with the justification that can be accounted for.