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Develop-and-Manage-CP-Documents_RPK_MayJune2014.pdf
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🔗 Source: compliance.com
📊 Size: 821 KB
👤 Author: Manogaranp
⬇️ Downloads: 116

Summary

Developing and managing compliance policy documents is crucial for any compliance program, including codes of conduct and policies for management and operation. The process can be costly and time-consuming, with the average cost of developing a policy being around $5,000. Many organizations seek shortcuts by using policy documents from other organizations or found online, but this approach can be risky due to potential differences in organization and management. The US Department of Health and Human Services and the US Sentencing Commission stress the importance of written compliance guidance, and failure to properly develop and disseminate policies can result in liabilities and damage to an organization's reputation. Effective policy management is essential to control and manage compliance-related policies and procedures, including tracking, standardizing, and reviewing documents. A well-structured policy document should convey officially approved guiding principles and courses of action, with a clear distinction between policy statements and procedures.

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Developing and managing compliance policy documents is crucial for any compliance program, including codes of conduct and policies for management and...

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  • File Format: PDF
  • File Size: 821 KB
  • Pages: 4
  • Language: EN
  • Author: Manogaranp
  • Total Downloads: 116
  • Last Updated: 1 week ago

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