Document background
The Management Review Plan serves as a crucial governance tool for organizations operating under German jurisdiction, providing a structured approach to evaluating organizational performance, risk management, and compliance. This document is essential when establishing or updating management control systems, particularly in contexts requiring alignment with German corporate law, ISO standards, and industry-specific regulations. The Plan details the procedures for conducting regular management reviews, specifying roles, responsibilities, and reporting requirements in accordance with German legal frameworks. It is particularly relevant for organizations seeking to maintain consistent oversight processes, ensure regulatory compliance, and implement effective decision-making mechanisms. The Management Review Plan typically integrates requirements from various German regulations including the Handelsgesetzbuch (HGB), Aktiengesetz (AktG), and where applicable, sector-specific compliance requirements.
