The purpose of this policy is to enable a company to track the intake of new contracts or internal projects, conduct a review and approval process associated with said contracts or projects in order to properly identify risk and all relevant issues, and serve as a historical record for the company’s significant transactions.

This policy requires a company and all subsidiaries and affiliates to operate under a formal and disciplined approach for evaluating, negotiating and executing documentation related to significant contracts and internal and external projects with legal and/or financial implications.