Policy. The one word guaranteed to bring glazed eyes and stifled yawns to any conversation. Surely there are better things to talk about. For example, yesterday’s baseball scores or the latest crazy cat video. Plenty of organizations, be them small, medium, large, non-profit, partnerships and yes, even multi-national enterprises, exist without them, so WHY do you need them? AND, for that matter, what is a policy anyways? We will attempt to break all of this down and help you get started in the wild world of corporate policy.
“Do you have the necessary policies?”
This question is no longer just an innocent inquiry, but a requirement. As audits become more analytical in today’s digital age, focus continues to shift to companies’ internal controls and the underlying policies influencing them. Among these is the often overlooked document retention policy.