In its strategy review process under Paragraphs HC-1.2.3 a) and d), the board must:

(a) Review the licensee's business plans and the inherent level of risk in these plans;
(b) Assess the adequacy of capital to support the business risks of the licensee;
(c) Set performance objectives; and
(d) Oversee major capital expenditures and divestitures.
January 2014