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The world have enough cases of failures occasioned by inconsistent strategy implementation, excessive risk taking and frequently graft. In many of these organizations, risk taking is siloed nature and there is lack of risk visibility, has inadequate controls, and shows clear lack absence of resiliency. These challenges can be fixed by use of an effective policy to guide execution and also harmonize risk taking for better strategy execution and resultant better performance.
Moreover and in line with GRC ? governance, risk management, and Compliance, Policies, and policy management is the foundation that enables an organization "to reliably achieve objectives [governance], while addressing uncertainty [risk management], and acting with integrity [compliance]." A strong embedded culture is driven by an effective policy management capability provides consistency in behavior, reduces costs and inefficiencies, and supports growth and change management.
This guide provided how to govern Policy architecture to help in in achieving you principle performance objectives
Organizations today face a myriad of compliance demands and rapidly evolving regulatory requirements. This guide emphasizes the importance of policies in setting standards for acceptable conduct, defining boundaries for behavior, and establishing relationships. It outlines the necessity of repeatable policy review cycles and automated processes to ensure inclusivity and reflect business needs. Policies are not just about meeting legal requirements, but also about driving organizational performance and ensuring governance.
The PPT also delves into the critical role of policy management in articulating governance, defining risk culture, and establishing compliance. It provides a comprehensive policy capability model that includes governance, development, communication, and improvement stages. By following this methodology, organizations can ensure their policies are effectively developed, maintained, and aligned with their strategic objectives. This resource is essential for any executive looking to embed a strong policy management framework within their organization.
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Source: Best Practices in Corporate Policies PowerPoint Slides: Policy Governance and Management Best Practices PowerPoint (PPTX) Presentation, Patrick Gitau
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