Phoenix, AZ - January 20, 2009 Although policy management is a cornerstone of a sound compliance culture, a recent survey Open Compliance & Ethics Group One Minute Poll shows some disappointing yet not surprising results.
Poll results from more than 400 indicate that well below 50% of companies have a steering committee or other senior level group to coordinate and approve all enterprise-wide policies. Although a key policy management architectural element is the separation of policy statement documents from procedural statement documents, fewer than 40% separate policies and procedures as a company standard. The poll highlights a lack of consistent use of common terms across policies where nearly 60% indicate variations in the use of terms across departments or business units.