Staff Success Sharing Plan Memo

Screenshot of the first page of Staff Success Sharing Plan Memo

This sample memo serves as a report of an internal audit function’s high-level assessment of the company’s staff success sharing plan process.

In this sample, internal audit verified that the methodologies utilized to calculate the staff success sharing plan payout appear to be appropriate and consistent with the board-approved six-month success sharing payout plan documentation and/or management intent, if not specifically defined. Internal audit also noted that the company should ensure that the intent of each key performance indicator is documented or described in the methodology detail, which should ultimately be approved by the board.

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