Best practices in policy management

Ethics and compliance officers have a new resource against which to benchmark their own policy and procedure management program.

That resource is NAVEX Global’s 2018 Ethics & Compliance Policy & Procedure Management Benchmark Report, representing over 1,200 respondents globally who influence or manage their company’s ethics and compliance program. In this year’s report, NAVEX Global ranked each program’s maturity level as either advanced; maturing; basic; or reactive.

In a Webinar discussing the report, Carrie Penman, chief compliance officer of advisory services at NAVEX Global, explained that each company’s program maturity level was rated based on several key criteria: “Do they proactively update and create policies, or do they more reactively update documents when a problem arises? Do...