... development, and to set targets for operating performance. Senior management is responsible for formulating a sustainable development policy for its organization, and for establishing specific objectives. ... co-operative ventures with other companies. These may, for example, take the form of committees which monitor developments and serve as a forum for exchanging ideas. To the extent that different ... timely information about company operations. This is needed in order to allow management to assess performance against external and internal performance standards, using appropriate performance...