High-level statements that define general principles or rules about how a company operates.

Policies generally outline commitments and limitations applied to the company overall and are supported by other documents, such as codes of conduct for individuals or standards related to activities.

Source: IOGP Report No. 510, Operating Management System Framework for controlling risk and delivering high performance in the oil and gas industry, International Association of Oil & Gas Producers, June 2014. Global Standards

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