Policy

A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. It is a framework established by an organization or governing body to direct actions and influence decisions in a consistent manner. Policies are designed to provide clear standards and procedures for various situations, helping to ensure compliance with laws, regulations, and organizational goals.In the context of governance, policies can address a wide range of issues, such as economic strategies, social services, environmental protection, and more. In business, policies can pertain to human resources, operational procedures, and ethical standards. Policies can be formal, documented rules or informal practices based on shared values or norms.Overall, a policy serves as a guiding principle that helps an organization maintain coherence and accountability in its operations and decision-making processes.