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Summarize these bullet points in short form: Allows the Compliance Department to ask other departments to create or update company policies and guidelines, acknowledging its
Summarize these bullet points in short form: Allows the Compliance Department to ask other departments to create or update company policies and guidelines, acknowledging its resource constraints. The Compliance Department has the authority to propose new or updated policies, circulate drafts for feedback, and collaborate with other departments to finalize these policies. The Compliance Department holds the power to determine the need for new policies or revisions to existing ones, potentially employing a two-step analysis for such decisions
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