Objective Milestone Assigned Status Comments 1.1 DEVELOP A WORKING PLAN AND TIMETABLE FOR REFINING THE GIPS GIPS EC

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1 GIPS 2010 Strategic Objective 1: Re-establish GIPS as current and relevant for the Investment Performance Industry. G:/CFA Centre/Strategic Plan /GIPS Strategic Plan 2007/GIPS 2010 Year1_FY07_Milestones_Draft EC Open Session Agenda Item 13a ACTION ITEM Draft 3 GIPS Strategic Plan February DEVELOP A WORKING PLAN AND TIMETABLE FOR REFINING THE GIPS GIPS EC Complete a review of the existing standards and develop a list of gaps and recommendations for changes. Interpretations Planning Retreat Complete the guidance statement on Error Correction & Records. Interpretations Planning Retreat Develop and Implement an action plan for finalizing a guidance statement on Leverage & Derivatives. Interpretations Planning Retreat Develop proposal for Mandatory Verification with win-win solution. Verification Practitioner Planning Retreat GIPS 2010 Project 2010 Project Group Key: = Priority = On Target = Behind Schedule = On Hold = Complete

2 GIPS 2010 Strategic Objective 1: Re-establish GIPS as current and relevant for the Investment Performance Industry. 1.2 EXPAND STANDARDS TO MEET CURRENT GAPS EXECUTIVE COMMITTEE/INTERPRETATIONS Develop proposed provisions for Hedge Funds Hedge Funds Interpretations Sub-Group Planning Retreat Explore the possibility of expanding the provisions to include Client Reporting Investor Consultant/Investment Manager Sub-Group Planning Retreat GIPS 2010 Strategic Plan Page 2 Rev

3 GIPS 2010 Strategic Objective 2: Promote & protect GIPS brand. 2.1 BUILD BRAND AWARENESS THROUGH THE WEB SECRETARIAT Complete Website for GIPS Standards organization Secretariat Create Extranet for use by committees Secretariat Create Templates for Logo and Business Cards Secretariat 2.2 ESTABLISH STRONG STAFFING FOR SECRETARIAT CFA INSTITUTE Recruit & Hire new Director CFA Institute Deadline 23 March 2007 Recruit & Hire open staff positions CFA Institute Suggested by CFA Centre staff GIPS 2010 Strategic Plan Page 3 Rev

4 GIPS 2010 Strategic Objective 2: Promote & protect GIPS brand. Objective Milestone MD Status Comments 2.3 ESTABLISH & IMPLEMENT PUBLIC RELATIONS - MEDIA STRATEGY PROMOTION & AWARENESS/GIPS SECRETARIAT Establish capacity to prepare and distribute newsletters. Establish capacity to prepare and distribute press releases, including building relationships with key publications and media outlets. Establish capacity to develop and deliver educational conferences & workshops for GIPS. Establish capacity to prepare and distribute advertisements, including budget development for media buys. 2.4 BUILD BRAND AWARENESS IN NEW STRATEGIC LOCATIONS PROMOTION SUBCOMMITTEE Determine budget and funding sources to promote GIPS brand in new markets. Identify key new markets for brand awareness & implement. RIPS Increase the number of Country Sponsors to 40 by 2010 GIPS Council/ GIPS 2010 Strategic Plan Page 4 Rev

5 GIPS 2010 Strategic Objective 2: Promote & protect GIPS brand. Objective Milestone MD Status Comments RIPS GIPS 2010 Strategic Plan Page 5 Rev

6 GIPS 2010 Strategic Objective 3: Resolve Remaining Governance & Process Issues. 3.1 COMPLETE ORGANIZATIONAL STRUCTURE DOCUMENTATION & GET BUY-IN FROM ALL PARTIES EXECUTIVE COMMITTEE Get signatures on all country sponsor agreements. GIPS Council/ RIPS Cutoff mid-year 2007 Follow up by Secretariat Notification at March meeting Finalize OPPs and TORs, place in hierarchical order, and interrelationships established Secretariat Complete job description for Director & Chair of GIPS 2010 Strategic Plan Page 6 Rev

7 GIPS 2010 Strategic Objective 3: Resolve Remaining Governance & Process Issues. 3.2 RESOLVE PROCESS ISSUES & ESTABLISH REVIEW PROCEDURES EXECUTIVE COMMITTEE Hire Director (see Milestone 2.2) and Select EC Chair establish clear, operable working relationship. Finalize & implement process for creating standards, submitting standards for public comment, and issuing new standards. Establish procedure for addressing dissenting voices within the GIPS organization. CFA Institute/ Process Working Group Establish and implement an evaluation process for country sponsors including sanctions. Establish ongoing volunteer network and changeover process for committees. / RIPS Create document management/archive system Secretariat GIPS 2010 Strategic Plan Page 7 Rev

8 GIPS 2010 Strategic Objective 3: Resolve Remaining Governance & Process Issues. 3.3 DEVELOP LONG-TERM VISION FOR GIPS ORGANIZATION EXECUTIVE COMMITTEE Establish goals for global recognition of GIPS Brand Develop measurable outcomes for each constituent group: institutional investors, consultants, investment managers, regulators, etc. Identify and establish funding sources for GIPS 2010 Organization Envision infrastructure and staffing needs for GIPS 2010 Organization including operating budget, capital budget, and implementation plans. GIPS 2010 Strategic Plan Page 8 Rev