(1)The Board shall make arrangements to secure continuous improvement in the way in which its functions, and those of the Chief Constable, are exercised, having regard to a combination of economy, efficiency and effectiveness.
(2)The arrangements shall require the Board to conduct, at intervals specified in the arrangements, reviews of the way in which its functions are exercised.
(3)The Board shall, in making arrangements which relate to the functions of the Chief Constable, involve him in the making of those arrangements.
(4)The Board shall prepare and publish a plan (its “performance plan”) for each financial year containing details of how the arrangements made under subsection (1) in that year are to be implemented.
(5)The performance plan shall—
(a)identify factors (“performance indicators”) by reference to which performance in exercising functions can be measured;
(b)set standards (“performance standards”) to be met in the exercise of particular functions in relation to performance indicators; and
(c)include a summary of the Board’s assessment of—
(i)its and the Chief Constable’s performance in the previous financial year measured by reference to performance indicators;
(ii)the extent to which any performance standard which applied at any time during that year was met.
(6)Before publishing its performance plan, the Board must consult the Secretary of State and the Chief Constable.
(7)In this Part—
“performance indicators” and “performance standards” have the meaning given in subsection (5); and
“performance plan” means a plan published by the Board under subsection (4).