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Stock impact report

Putting policies in place: Reviews and approvals (2/5) [Reuters]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Reuters
Putting policies in place: Reviews and approvals (2/5) | Reuters 12 Min Read NEW YORK (Thomson Reuters Regulatory Intelligence) - No matter what the policies are, and no matter who in your organisation writes them, they have to get approved. That approval process is vital to their validity and enforcement. Without a strong approval process, your policies are open to challenge. I have had senior managers ask me, with no small edge, “Who the h*ll approved that!?” The ability to answer that question is essential for a policy manager’s survival. While approval processes can differ in different situations, there are a few principles that adhere, regardless of the specifics. 1) The approval process must be authorised at the highest levels of the firm. And that authorisation must be documented. 2) Approvals should take place at the level at which the policy is written. 3) The right input prior to and during the approval process is critical, not only to the approval process itself, but also t Show less Read more
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