Business Pitch Dictionary by pitch.dog
Regulatory, ethics & conduct compliance · Core

Policy

Also called: corporate policy

ELI5

A formal statement of principles, rules or organisational intent.

Used in conversation

“The team needs one controlled copy of policy, with an owner and date.”

Pitch context

You will see “Policy” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches regulatory, ethics & conduct compliance.

Why it matters: In regulatory, ethics & conduct compliance, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • ProcedureA policy states a rule, principle or required position; a procedure gives the steps for carrying it out.
Sources & evidence · 3

Direct term-level sources and supporting source families.