Hi Friends, I have task of preparing Vision Mission and Objectives of compliance team as am new to this. Kindly help by providing the details by little explanation. Thanks Arun Kumar M
From India, Bangalore
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From India, Bangalore
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Dear Arun,
Have you read sufficient material about the vision and mission of the company? Who creates the vision and mission, and why is it done?
Top leadership is responsible for creating the vision and mission of the company. Both are for the enterprise, not any department or section within a department. Vision is the mental picture of the future. The mission is a path to achieving this mental picture.
The compliance team is a part of the company's department. It cannot have any vision or mission. If a marketing manager had raised this query, it would have been considered because the market is forever in flux, and to outcompete competitors, it is important to do market research constantly and introduce something new in the market. In contrast, the work of the compliance team is steady, and unlike the marketing department, there is certainty about the outcome of their work.
Against this backdrop, what you need to do is to devise the objectives of the department, and not the vision and mission. If some senior has told you to do this, then it is sheer out of ignorance. Tell that person to read this reply.
Thanks,
Dinesh Divekar
+91-9900155394
From India, Bangalore
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8218Have you read sufficient material about the vision and mission of the company? Who creates the vision and mission, and why is it done?
Top leadership is responsible for creating the vision and mission of the company. Both are for the enterprise, not any department or section within a department. Vision is the mental picture of the future. The mission is a path to achieving this mental picture.
The compliance team is a part of the company's department. It cannot have any vision or mission. If a marketing manager had raised this query, it would have been considered because the market is forever in flux, and to outcompete competitors, it is important to do market research constantly and introduce something new in the market. In contrast, the work of the compliance team is steady, and unlike the marketing department, there is certainty about the outcome of their work.
Against this backdrop, what you need to do is to devise the objectives of the department, and not the vision and mission. If some senior has told you to do this, then it is sheer out of ignorance. Tell that person to read this reply.
Thanks,
Dinesh Divekar
+91-9900155394
From India, Bangalore
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Dear Dinesh,
Thank you for your input; it is very informative, and I appreciate your valuable feedback on this. I have finally gained clarity on the matter. Can you please suggest how I can convey this message to my manager without affecting our professional relationship?
Thank you,
Arun
From India, Bangalore
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Thank you for your input; it is very informative, and I appreciate your valuable feedback on this. I have finally gained clarity on the matter. Can you please suggest how I can convey this message to my manager without affecting our professional relationship?
Thank you,
Arun
From India, Bangalore
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The various departments work under the directives of the directors as per given policy guidelines. Look out for getting the correct directives and define the guide lines for your department.
From India, Vadodara
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From India, Vadodara
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HR Mission Statement Hi can anyone share the HR Department’s Mission Statements any real sample of any company’s HR department? Regards
From Pakistan, Karachi
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From Pakistan, Karachi
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Any function can have only the functional goals and needs to plan the goals of the Compliance team and derive the KRA & KPI of each individual on the team. You can consider the following points for reference.
As compliance is very critical to the organization, you should plan for 0% deviation on the compliances:
- On-time obtaining the registrations, licenses, and renewals.
- On-time submission of returns.
- No deviations in the Acts.
- Zero fines, damages, penalties, etc.
- Response to the authorities in stipulated time for any inspection notes.
- Zero show cause notices to the organization other than the inspection notes.
- Ensuring 100% contractors' compliances.
From India, Bangalore
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As compliance is very critical to the organization, you should plan for 0% deviation on the compliances:
- On-time obtaining the registrations, licenses, and renewals.
- On-time submission of returns.
- No deviations in the Acts.
- Zero fines, damages, penalties, etc.
- Response to the authorities in stipulated time for any inspection notes.
- Zero show cause notices to the organization other than the inspection notes.
- Ensuring 100% contractors' compliances.
From India, Bangalore
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