Approach All investments are to be made using the value approach by investing in companies at prices below their underlying long term values to protect capital from loss and earn income over time and provide operating income as needed. With regard to equities, no attempt is made to forecast the economy or the stock market. The manager will attempt to identify financially sound companies with good potential profitability which are selling at large discounts to their intrinsic value. Appropriate measures of low prices may consist of some or all of the following characteristics: low price earnings ratios, high dividend yields, significant discounts to book value, and free cash flow. Downside protection is obtained by seeking a margin of safety in terms of a sound financial position and a low price in relation to intrinsic value. Appropriate measures of financial integrity which are regularly monitored, include debt/equity ratios, financial leverage, asset turnover, profit margin, return on equity, and interest coverage. As a result of this bargain hunting approach, it is anticipated that purchases will be made when economic and issue-specific conditions are less than ideal and sentiment is uncertain or negative. Conversely, it is expected that gains will be realized when issue-specific factors are positive and sentiment is buoyant. The investment time horizon is one business cycle (approximately 3-5 years). As regards bonds, the approach is similar. No attempt is made to forecast the economy or interest rates. The manager will attempt to purchase attractively priced bonds offering yields better than Treasury bonds with maturities of 10 years or less that are of sound quality i.e. whose obligations are expected to be fully met as they come due. We do not regard rating services as being an unimpeachable source for assessing credit quality any more than we would regard a broker's recommendation on a stock as being necessarily correct. In any form of investment research and evaluation, there is no substitute for the reasoned judgement of the investment committee and its managers.
Focus The focus of the nursing role is responding to the health needs of individuals, families and communities. The registered nurse is responsible for assessment, planning, implementation and evaluation of consumer care. Specific Skills • Initiating, maintaining and terminating therapeutic relationships • Comprehensive training in psychiatric illness and a broad knowledge of physical health disorders • Comprehensive assessment skills • Ability to manage clinical risk • A broad based pharmacological knowledge • Knowledge, skills and training of crisis intervention strategies • Knowledge and understanding of the medico-legal and ethical aspects of mental health care • Knowledge of human development across the life span • An ability to work as a primary nurse/case manager • Coordinating the processes of care with the consumer and others involved in providing care • Effective communication strategies with consumers, families, communities, and within the multi-disciplinary team • Ability to document to professional and legal standards Specific Assessments • Comprehensive assessment – may include but not be limited to the following assessments - physical, mental, spiritual, educational cultural, and emotional health, and safety/risk factors at an individual, family and community level • Monitoring of medication – effects, side effects and barrier to people taking medication Specific Interventions • Initiating, maintaining and terminating therapeutic relationships • A range of psychosocial interventions to assist the consumer towards Recovery • Administering and monitoring medication • Crisis and rehabilitative interventions • Linking consumers with systems that provide resources and services within other health services or the community in line with discharge planning • Education around personal health, mental and physical illness, health promotion and maintenance, healthy lifestyles and medication • Managing complex and rapidly changing situations within an individual or an environment • Broad range of interventions using the principles of the following – (may include but not be limited to), cognitive and behavioural therapies, family work, solution focused and crisis intervention therapies Specific Responsibilities
Strategy As an organization without operational services (fuel, maintenance, etc.), and in consideration that the majority of potential issues come from boat maintenance whereby the boats are personal property, the predominant strategy will be the minimization of on-site waste. With this approach, the organization will have minimal potential impact on the environment and reduce regulatory risk. To accomplish this, requirements will be established by policy, periodic communications shall occur, and audits will be utilized to provide feedback for improvement.
Supervisors Supervisors may continue to perform bargaining unit work which is incidental to their jobs. They may also perform bargaining unit work in emergency situations and where such work is necessary to train a covered member. Such work by supervisors may result from but shall not cause any layoffs of covered members.
