initiative (Compliance)
initiative (Compliance)
A program that your organization has developed to meet some aspect of your corporate goals. For example, an organization might undertake an internal environmental initiative to reduce production of non-recyclable waste or to reduce energy consumption. Initiatives are internally-motivated programs and adherence to an initiative's goals is typically not legally binding.
In the Compliance application, you model your internal initiatives as regulations and store them in the Regulations (
regulation
) table. This way, you can further detail them with
programs
and
requirements
(or
contracts
and
contract terms
) even though the internal initiative is not tied to a formal regulation.
For example, you might have a goal to ensure a clean working environment; this can be entered in the Regulations table. You can then model the programs and requirements to achieve this goal; or, if you contract out the work to achieve this goal, you can model the associated contracts and contract terms.
Compare regulation and standard .