Putting policies in place: Managing a policies function – policy management basics (5/5 part-1) [Reuters]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
Putting policies in place: Managing a policies function – policy management basics (5/5 part-1) | Reuters 15 Min Read LONDON/NEW YORK(Thomson Reuters Regulatory Intelligence) - This is the first of two articles looking at policy management. It focuses on basic policy management principles, while the second will look at a number of specific issues with which the managers of policy functions will likely wrestle in time. There is no one way, certainly no single right way, to shape and run a policies function. That said, there are a number of things that firms must get right – the right structures, capabilities, and practices – for their policies to fulfill the seven "C"s set down in the first article{ bit.ly/policy-1 } of the "Putting policies in place" series. This article looks at those things. The most basic element of policy management is that there has to be policy management. As odd as this is to say, there are organisations that leave policy management to the separate individuals
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