GCC presented the latest changes to the methodology for evaluating SOEs’ strategic activity plans.

On September 25, VKC presented the latest changes to the methodology for evaluating the strategic activity plans of state-owned enterprises (SOEs).

When assessing the prepared strategic activity plans, VKC will place greater emphasis on addressing the expectations of various stakeholders, the quality of the strategic goals and objectives map, and, in particular, the proper identification of breakthrough goals and the planning of their implementation, including both human and financial resources.

“In the process of updating the SOE strategic activity plan preparation guidelines, we sought to involve SOE representatives as much as possible – we invited them to join the discussion and worked together to find ways to address the most common challenges. The updated guidelines provide a modern methodological foundation for preparing a well-structured strategy. These very guidelines became the basis for the adjustments to the SOE strategic activity plan evaluation methodology. The aim of the changes is to encourage companies to set more ambitious – breakthrough – strategic goals and to ensure their implementation: clearly defining them and establishing specific priorities that will receive the greatest focus and resources,” said Jurgita Bagdonienė, Acting Head of VKC.

The SOE strategic activity plan evaluation methodology reflects the importance of meeting shareholder expectations, setting strategic goals, measuring them effectively, disclosing the basis for setting these goals, and laying out financial forecasts that support the strategy.

You can find the updated SOE strategic activity plan evaluation methodology at the following link: SVP Evaluation Methodology. We invite you to take a look!