Are Your Policies a Mess? A Maze of Confusion?
Effectively managing policies is easier said than done. Ad hoc or passive approaches mean that policies are outdated, scattered across the organization, and not consistent– resulting in confusion for recipients and a nightmare to manage. Organizations often lack a complete inventory of policies as so many departments have gone in different policy directions. Further, there is significant concern of rogue policies as anyone can create a document and call it a policy which may put a legal duty of care upon the organization.
Policies must be in place so the organization can:
- Reliably achieve objectives
- Manage and control uncertainty
- Safeguard the workplace
- Protect the organization from unnecessary risk
- Ensure consistent operations
- Uphold ethical values
- Address compliance obligations
- Defend the organization should it land in turbulent legal and regulatory waters
In order to achieve effectiveness, efficiency, and agility in policy management, organizations need to define a structured governance framework and process. Designing a mature policy management program and processes that align with the organization requires an understanding of what the organization is about, how it operates and how it should be monitored and controlled. Policy management by design requires a structured approach in context of how the organization operates. This is done through defining the right process, information and technology architecture for policy management.
The continual growth of regulatory requirements, complex business operations, and global expansion demand a well thought-out and implemented approach to policy management. It is no longer enough to simply make policies available. Organizations need to guarantee receipt, affirmation, and understanding of policies across the organization. To consistently manage and communicate policies, organizations are turning toward defined processes and technologies to govern policies and implement an effective policy management lifecycle.
Upcoming Policy Management Workshop
- Policy Management by Design, London, February 20
Upcoming Policy Management Webinars
- Enabling the Second Line of Defence with Effective Policy Management & Oversight, January 23 @ 9:00 am – 10:00 am CST
- Engage the Front Lines Through Effective Policy Communication, January 24 @ 11:00 am – 12:00 pm CST
- Compliance Program Effectiveness: Key Metrics that Matter, February 27 @ 10:00 am – 11:00 am CST
Key Research on Policy Management Strategy
On-Demand Policy Management Research Briefings
Published Research on Policy Management – Strategy Perspectives
- Benchmarking Your Policy Management Program
- Policies, The Last Mile of Risk Management: The Relationship Between Risk and Policies
- Technology Priorities for Compliance & Ethics: Aligning Technology to Changing Requirements
- Regulatory Change Management: Effectively Managing Regulatory Change in Financial Services
Published Research on Policy Management – Solution Perspectives
- Sword Policy Manager: Enablement of the Policy Management Lifecycle
- MetricStream GRC Pulse: Technology Innovation in Policy Management
- Workiva Wdesk: Innovation in User Experience in Policy Management
- RGP policyIQ: Delivering a Breadth of GRC Use Cases
- RegEd CODE™: Enabling an Integrated Compliance Lifecycle
- NAVEX Global’s Agile Code of Conduct
- MetaCompliance: Effectively Managing & Communicating Policies
- HITEC’S PolicyHub: Streamlining Policy Management