Policies - Page 67

Policies are formal guidelines or principles that are established by organizations, governments, or institutions to govern decision-making and actions within a specific context. They serve as a framework to ensure consistency, accountability, and compliance with regulations and objectives. Policies are designed to address particular issues or areas of concern, guiding behavior and providing a clear course of action in various situations. They can cover a wide range of topics, including, but not limited to, human resources, finance, ethics, safety, and environmental practices. Policies are typically documented and communicated to relevant stakeholders to ensure understanding and adherence.