2006-2007 goals and objectives: TEI 2007: building on six decades of success member-driven solutions for today, enhanced effectiveness for tomorrow.

As the preeminent association of business tax professionals in the world, TEI serves its members and their employers through education, networking, and advocacy. The Institute's goals and objectives for 2006-2007, built upon TEI's six decades of success, will enhance the organization's effectiveness through a series of dynamic, member-driven initiatives.

Advocacy: Strengthening TEI's Solid Foundation by Placing Outreach at Center Stage

For more than six decades, TEI and its members have brought their practical perspective and pragmatic solutions to a full range of advocacy matters. Addressing both interpretative issues and important tax-related public policy matters of interest, the Institute has been an effective voice for in-house tax professionals. In the coming year:

* TEI's committees and staff will enhance the organization's coverage of and effectiveness on tax, financial accounting, and corporate governance issues affecting the Institute's membership.

* TEI will establish a process by which the President and Senior Vice President will regularly consult with the Chairs of TEI's technical committees and senior staff to develop, refine, and manage an overall TEI Advocacy Agenda that is responsive both to developments and the members' changing needs.

* TEI will enhance its outreach to the Internal Revenue Service and the IRS's Large and Mid-Size Business Division, for example, by increasing the organization's face to-face dialogue with the Commissioner and senior LMSB officials.

* TEI will refocus its State and Local Advocacy Efforts, defining the appropriate scope of such activities and refining the respective roles of the State and Local Tax Committee and the Chapters.

* TEI will ensure the proper balance of advocacy activity within and beyond North America by continuing efforts in Canada and the United States while aligning and coordinating activities of all the Institute's technical committees (especially its new Asia and European Tax Committees).

* TEI will prepare and disseminate periodic Advocacy Scorecards to track and promote TEI's progress on the advocacy front.

Membership & Networking: Building Our Ranks by Connecting Locally and Expanding Globally

TEI's overall effectiveness depends on the breadth of its membership, as well as the willingness and ability of its members both to participate in the Institute's activities and programs and to fill key leadership positions. In the coming year:

* TEI will renew its commitment to increase the Institute's size, reach, and diversity, as well as to expand the opportunities for leadership development.

* TEI will identify ways in which the Chapters and Regions can invigorate their recruitment, educational, and networking efforts.

* TEI will explore the creation of new chapters or "subchapters," for example, in areas where chapters are serving large geographic areas, where demographic or economic developments have altered the chapters' size or character, or where a need is otherwise demonstrated, both in the United States and elsewhere.

* TEI will increase participation by Senior Tax Executives in TEI's networking, benchmarking, advocacy, and education efforts.

* TEI will analyze the results of TEI's membership satisfaction survey and adjust annual strategic goals to reflect the findings.

Education: Building a More Responsive Organization by Anticipating and Meeting Members' Changing Needs

Continuing Education lies at TEI's core, with the Institute, Regions, and Chapters, already sponsoring more than 600 programs a year. To advance TEI's educational mission, in the coming year:

* TEI will refine the operation of the Continuing Education Committee to identify and better meet the evolving needs of in-house tax professionals, as well as to appropriately balance the use of member and staff resources in developing and managing programs.

* TEI will explore expansion of the Institute's distance-learning offerings to include online programs to provide in-house tax professionals with expanded learning opportunities and more flexible scheduling.

* TEI will institutionalize an annual educational program on financial accounting and reporting issues and generally expand coverage of management issues relating to FASB and SEC, as well as relationships with outside auditors and the Audit Committee.

* TEI will explore the efficacy of strategic partnerships with other providers of tax-related educational programs, as well as the development of regional programs (e.g., in respect of state and local tax issues).

Efficiency & Effectiveness: Building a Stronger Organization through Development and Wise Use of TEI's Valuable Resources

TEI has grown to more than 6,000 members in 53 local chapters who represent 2,800 of the leading businesses in United States, Canada, Europe, and Asia. To ensure TEI's future success and enhance its stature as a broad-based, representative organization, in the coming year:

* TEI will improve its leadership development process by refining and better communicating requirements and expectations for various leadership positions, including the criteria to be used by the Institute's Nominating Committee and Senior Leadership in selecting Committee Chairs and other leaders.

* TEI will refine and expand TEI's effectiveness in the state and local tax arena in respect of education, advocacy, and networking.

* TEI will continue the realignment of staff responsibilities and the refinement of the Institute's financial and investment operations.

On August 15, 2006, David L. Bernard, TEI's President, received approval from Institute's Board of Directors, to adopt the above set of goals and objectives for the fiscal year.