Definition of Corporate policy:
In general, a documentary form of general guidelines is formulated after analyzing all internal and external factors that may affect the company's goals, tasks, and plans. The company policy developed by the board of directors defines the company's response to known and well-known situations and circumstances. It also sets out the formulation and implementation of strategies and guidelines and limits the actions, decisions and goals of business leaders to achieve their goals. This is also known as company policy.
Meaning of Corporate policy & Corporate policy Definition