Selected Examples of Good Business Practices
In order to establish and maintain an effective accountability structure, the following business practices are recommended.
- Assigning responsibility to appropriately handle the organization’s operating functions and regulatory requirements, while meeting goals and objectives.
- Developing academic and business plans that address UC objectives and changing economic, industry, and regulatory environments.
- Ensuring that activity-level objectives flow from the division-wide objectives and strategies.
- Assessing the associate benefits and risks of a venture before proceeding.
- Establishing and communicating throughout the organization about what is right and wrong.
- Communicating clearly to all personnel the responsibilities and expectations for the unit’s activities.
- Structuring the organization to facilitate the flow of information upstream, downstream, and across all activities.
- Consulting with individuals having the expertise needed to make informed decisions.
- Documenting key controls that provide evidence that reviews are completed.
- Specifying the level of competence needed for particular jobs, and translating the desired levels of competence into requisite knowledge and skills.
- Ensuring that personnel have required knowledge, experience, and training to perform their duties, and cross-training personnel for critical functions.
- Regularly appraising the performance of all employees of the unit, using established performance management guidelines.
- Properly protecting and disposing of private and/or sensitive information.
- Reconciling and validating monthly transactions using the respective campus financial system.
For more information contact the Administrative Policies and Business Contracts Director for referral to the appropriate business unit director.