Why Policy Management Matters

Webinars / Why Policy Management Matters

Why Policy Management Matters

Overview of the Webinar:

Policies set the standard for acceptable and unacceptable conduct by defining boundaries for the behaviour of individuals, the operation of business processes, and the establishment of relationships. When an organization fails to establish strong policies, the organization quickly becomes something it never intended. Good policies define the organization’s governance culture and objectives. Without the guidance provided by well-written and effectively managed policies, corporate culture may morph and take the organization down unintended paths.


Policies, done right, articulate, and build the desired corporate culture and drive standards for individual and business conduct. Issuing, well-crafted, and appropriately targeted policies is a necessary first step in clearly defining and communicating the organization’s boundaries, practices, and expectations. Policies are the vehicles that communicate and define values, goals, and objectives so that culture does not morph out of control. But the policies also must be professionally managed so that they are both effective and efficient tools to help the organization stay on the path it chooses.

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The Agenda and Learning Outcomes:

Using a structured approach to address complex realities, we will suggest various ways to characterise and address emerging risks in organisations. Based on a methodology tested with prominent organisations including central banks, we explain the different ways of identifying and managing three types of emerging risks:

– The emerging risks that we all know
– The emerging risks that we don’t know
– The emerging we should know
– Lastly, we will discuss this general principle in light of the current Covid-19 crisis and start drawing some of the lessons learned for the next global events.

The Speaker:
Michael Rasmussen Portrait
Michael Rasmussen

GRC Analyst & Pundit

The GRC Pundit at GRC 20/20 Research, Michael Rasmussen is an internationally recognised pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. 

With 23+ years of experience, Michael helps organisations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.