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US OP SOX 404 Steering Committee Presentation June 15, 2006

US OP SOX 404 Steering Committee Presentation June 15, 2006. Embedding Update (Cheryl Highwarden). Donna will add final update on Friday 6/9. Total Participants Trained by Organization. Training status as of 6/9. As of 6/9 we are: ?% through delivery, but ?% through preparation.

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US OP SOX 404 Steering Committee Presentation June 15, 2006

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  1. US OP SOX 404Steering Committee Presentation June 15, 2006

  2. Embedding Update (Cheryl Highwarden)

  3. Donna will add final update on Friday 6/9 Total Participants Trained by Organization Training status as of 6/9 As of 6/9 we are: ?% through delivery, but ?% through preparation

  4. Embedding Highlights • Embedding Team Countdown – 15 days to go • Transitioning activities to CoB/Cos similar to SOX control activities • Close-out report will help define Cob/CoS Embedding remediation needed • Close-out model tested with Controllers on June 8 – others scheduled • Jim Lobb/PwC attendees had very positive comments on SOPUS Embedding Effectiveness • Seven Embedding strategies endorsed (attached) • Ronald DeBoer & Myriam Nuova visiting SOPUS week of June 26 to consider extending our best practices globally • T-T-T Status • We seem to be losing candidates faster than we are adding them • Importance to your ongoing activities cannot be underestimated

  5. Embedding Highlights • Manila • Positive Knowledge Survey Results (attached) • Training Programs Update • ME & ST Workplace elearning storyboard modules due by 5/31 • GreenLight (GL) Reporting classes scheduled weekly through end of June • SPUD classes scheduled 6/1, 6/6, 6/14 and 6/20 • HTBA e-learning module testing underway on SOU • SOPUS HTBA course to be added to Global Solutions Embedding Program • Embedding Wrap-up Steps: KS, AAR, COR, COM (Attached) • Knowledge Survey completed with Controllers, C&P and Indirect tax • After Action Reviews also completed with Controllers, CP and Indirect Tax • All wrap-up activities & Embedding remediation plans targeted for 6/30/06

  6. Embedding Appendix

  7. Top 7 SOPUS SOX Embedding Strategies • SOX Focal Point Involvement • Super Workshop • Customized Training • Train-The-Trainer • Embedding Training Model • Shifted Responsibility to the Business • Business Accountable to Steering Committee

  8. Manila – Positive KS Results Training Population: 208 Participants: 193 Average Score: 87.5 Maximum Score: 100 (1) Readiness Index: 4.3/5.0

  9. Embedding Wrap-up Steps: KS, AAR, COR, COM

  10. SOX Finance Competences in Shell Develop, maintain, test and assess internal controls over financial reporting (SOX404) Understand the relevance and implications to the Group of section 404 of the Sarbanes Oxley Act and management’s responsibilities for maintaining and testing fit-for-purpose internal controls over financial reporting and recommend improvements to internal control structures Support the annual top-down risk-based scoping process for the identification of financial reporting risks, entities in scope and internal controls to be documented and tested Understand the Group’s methodology with respect to documentation and testing of internal controls over financial reporting and perform testing and reporting of testing results Assess and quantify deficiencies, remediate ineffective controls and support the quarterly sign-off process

  11. SOX Finance Competences in Shell, Cont’d

  12. Donna will add final update on Friday 6/9 Embedding Core Training Status by Organization Training status as of 6/9

  13. OP US SOX Transition Timeline & Status Timeline as of 06/15/06

  14. Embedding Activity Summary Activity as of 6/9

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