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Integrity Bridge Practice Note

Ensuring the Effective Design and Implementation of Ethics & Compliance Policies and Procedures

Type

Practice Note

Version

1.0

Date

March 2024

Summary

The article focuses on the key considerations for ensuring the effective design and implementation of ethics and compliance policies and procedures within organizations. It emphasizes the importance of understanding the purpose and audience of each policy, the ownership and drafting process, and the integration of policies into a company's broader risk management framework. Key steps include stakeholder consultation, change management, and monitoring to ensure compliance. The article also stresses the need for clear communication, employee training, and regular policy reviews to ensure ongoing relevance and effectiveness in mitigating risks.

Like policies and procedures, this practice note will benefit from continuous improvement. If you have additional practical suggestions on enhancing the effectiveness of policies, we would love to receive them.

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