Policies and Procedures

you are what you practice the most

Policies

Policies provide a framework of principles within which an organization makes choices about how it operates. They can either help or hinder the achievement of the strategic goals and vision.  Clear policies make planning, prioritizing and decision-making far easier for everyone in the organization.  We can help in formulating policies on any number of topics, for example, employment, financial investments, internal audits, risk management, sales, IT etc.   Formulating a policy is only the beginning. Once your overall policies are in place, you must develop procedures that follow on from these. Policies are in the realm of governance and management while procedures are about management and operations. The following example illustrates the difference:

– In your employment policy you may state that you are an equal opportunity employer who does not discriminate based on religion, sex, nationality etc.

– In terms of your procedures you may ensure that when you advertise for a job opening or prepare a job description, it does not include any restrictions with regards to religion, sex, nationality etc.

Following are some policies we have helped companies formulate:

• Audit Committee charters based on global and local benchmarking studies
• Business Ethics and Internal Control policies
• Enterprise Risk Management framework policies
• Value at Risk (VaR) based risk management framework
• Risk management policy for managing foreign currency risk exposures
• Business Continuity policies and plans
• Information Technology & Security policies
• Human Capital & Management policies
• Business development policies
• Policies with respect to treatment of capital spares for manufacturing organizations

PROCEDURES

You need to ensure that all your employees consistently follow your business’s “recipe for success”.  A repetitive process can only be sustained if it is properly documented.  We use graphical representations, screen shots, and step-by-step guides so that the actual documentation is user friendly.  We also add value by providing our insights from industry best practices and standards to help streamline the procedures.

Following Are Some Functions For Which We Have Helped Companies Develop Detailed Procedures: