For CPF, determining corporate policies is a responsibility of board of directors.
The board of directors will also determine financial, funding and risk management policies of the company.
The executive committee then will prepare goals and strategies of each CPF’s business including policies in human resource management and submit them to the board of directors for approval.
The company, then, would conduct executive workshops for the board of directors’ members to review mission, goals and strategies of CPF’s business before they approve these missions and strategies