The performance agreement outlines key objectives that the institution should strive to achieve over the course of a three-year period. The ministry meets with each institution during the year to discuss progress towards achieving these goals. Each institution is required at the end of the year to report data to the Database for Statistics on Higher Education (DBH) and to present an annual report to the ministry. This information is used by the ministry to develop an annual report on the state of higher education and to develop an annual feedback letter for institutions about their annual performance (Larsen et al.,