A policy is a formal statement or guideline that outlines an organization’s principles, goals, and procedures for decision-making and action. It serves as a framework for ensuring consistency and compliance in behavior and practices within an organization, whether that be in government, business, or other institutions. Policies are typically documented in writing and can cover a wide range of topics, including ethics, operations, safety, human resources, and compliance with laws and regulations. The purpose of a policy is to provide direction and control to achieve desired outcomes, mitigate risks, and promote accountability among individuals and teams. Policies are subject to review and modification to adapt to changing circumstances and new information.
New pension regulations have been enacted, promising significant benefits for retirees. On Monday, the executive approved two crucial royal decrees focusing on pension enhancements and reforms. The first decree addresses…