Policy Development and Implementation Risk

Policy Development and Implementation Risk - The threats and opportunities associated with an organization's design, implementation, and compliance with its own internal policies, procedures, or guidelines. This can result from poorly designed policies, inadequate communication, lack of stakeholder buy-in, or ineffective monitoring and enforcement, potentially leading to noncompliance, operational inefficiencies, or reputational damage, ultimately impacting the organization's performance and sustainability

Class Information

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Identification

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Policy Development and Implementation Risk
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Definition and Examples

Definition
The threats and opportunities associated with an organization's design, implementation, and compliance with its own internal policies, procedures, or guidelines. This can result from poorly designed policies, inadequate communication, lack of stakeholder buy-in, or ineffective monitoring and enforcement, potentially leading to noncompliance, operational inefficiencies, or reputational damage, ultimately impacting the organization's performance and sustainability
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Is Defined By
https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html
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Additional Information

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Deprecated
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