A policy on policies: Guide to writing corporate policies
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Why Policies:
- Policies have become a regulatory necessity in many cases. The Companies Act and Listing regulations require several policies: for example, nomination and remuneration policy, CSR policy, whistle blower policy, policy for determination of material subsidiary etc.
- The RBI’s regulations require policies every now and then – an indicative list of policies needed by NBFCs (for base layer and middle layer) is here
- RBI regulations for banks require an even larger list of policies. An indicative list of policies for banks can be accessed here.
- To conclude: policies are needed for companies in many respects/fields.