Policies and Procedures

Did you know that the absence of policies and procedures results in poor decisions resulting in financial losses and reputational damages will have a negative impact on stakeholders value?

Why are policies and procedures important for your organization?

Policies and procedures are critical in providing the necessary guidance on the organization's structure, authority and operating procedures. There have been rapid changes as organization evolve and reshape which means that policies and procedures may become outdated and require updating to be relevant. It is important for organizations to have mechanisms in place for policies and procedures to be current at all times.

Some basic policies are: Delegation of authority, human resources, code of conduct and ethics, finance and departments operational policies and procedures.