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
From India, Bangalore
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
7884Have 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
Dear Dinesh,
Thank you for your input and really its very informative and I agree for your valuable feedback on this.
Finally got the clarity about this and suggest me how to convey this message to my manager without hurting professional relationship.
Thank,
Arun
From India, Bangalore
Thank you for your input and really its very informative and I agree for your valuable feedback on this.
Finally got the clarity about this and suggest me how to convey this message to my manager without hurting professional relationship.
Thank,
Arun
From India, Bangalore
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
From India, Vadodara
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
From Pakistan, Karachi
Any function can have only the functional goals and need 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 organisation you should plan 0% deviation on the compliances
On time obtaining the registrations, licenses and renewals
On time submission of returns
No deviations in the Acts
0 Fines, damages, penalties etc
response to the authorities in stipulated time for any inspection notes
0 Showcause notices to the organisation other than the inspection notes
ensuring 100% contractors compliances
From India, Bangalore
As compliance is very critical to the organisation you should plan 0% deviation on the compliances
On time obtaining the registrations, licenses and renewals
On time submission of returns
No deviations in the Acts
0 Fines, damages, penalties etc
response to the authorities in stipulated time for any inspection notes
0 Showcause notices to the organisation other than the inspection notes
ensuring 100% contractors compliances
From India, Bangalore
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