Internal Compliance Committee

Objective:

Ensure adherence to internal policies, regulations, and standards within the institution.

Responsibilities:

• Monitor and evaluate compliance with institutional policies and procedures.
• Plan and propose necessary budget for compliance activities.
• Conduct regular audits and reviews of departmental practices.
• Provide training and awareness programs on compliance-related issues.
• Address and resolve compliance-related concerns and grievances.
• Maintain documentation and records of compliance activities.

Things to Consider:

• Ensure all departments are aware of and adhere to compliance requirements.
• Promote a culture of transparency and accountability.

Protocol to be Followed:

• The Convenor must use the committee seal on all circulars and documents issued by the committee.
• Announce compliance-related updates and training sessions well in advance through circulars.
• Maintain detailed records of audits, reviews, and compliance activities.
• Submit a statistical report on committee activities and findings to the Principal at the end of each semester.
• Coordinate with relevant departments to address compliance issues promptly.
• Ensure timely communication with staff regarding compliance guidelines and updates.
• Hold regular meetings with committee members to plan and review compliance activities.
• Monitor and evaluate the effectiveness of compliance measures and practices.
• Submit the meeting books on the 5th of every month.
• Maintain files for all activities mentioned in 1, 3, 4, 5, 6, Meeting Books, and Budget Proposed File.
• Submit a report after each activity/event.