Policy Review, Modification or Development
The presence of clear, comprehensive and well-communicated corporate policies, procedures and controls play a critical role in ensuring a satisfactory state of compliance for an organization. Corpedia has developed a robust 11-point methodology for the review and modification of existing policies and procedures, and for the creation of new ones. The factors included in the review and analysis address the existence of policy, procedure or control; comprehensive content; clarity, consistency, and succinctness of language; statement of rules and rule implementation; statement of authority for guidance/interpretation; presence and quality of comprehension aids; alignment/consistency with the intended target audience; organizational culture and other policies; alignment with regulatory requirements and industry best practices; and availability to employees.