EM-04—Operating Plans

>Control Description

Annual operating plans are aligned with Corporate Objectives, which are established on an annual basis during the Company's planning process. Priorities are set and plans are communicated appropriately.

Theme

Process

Type

Preventive

Policy/Standard

Information Systems Operations Policy

>Implementation Guidance

1. Ensure that operating plans are established. 2. Ensure that these plans are updated and approved on an annual basis. 3. Ensure priorities are set and plans are communicated to the respective stakeholders.

>Testing Procedure

1. Inspect the process of operating plans creation and update. 2. Validate that the corporate strategy is an input to operating plans update process. 3. Validate whether the plans are updated and approved at least annually and communicated to the stakeholders.