Definition - What does Policy mean?
Policies are rules, principles, guidelines or frameworks that are adopted or designed by an organization to achieve long term goals. These are usually set out in a written format that is easily accessible. Policies are formulated to direct and exert influence on all the major decisions to be made within the organization and keep all activities within a set of established boundaries.
Safeopedia explains Policy
Policies are directed into sets of procedures that are followed to act upon policies. Policies represent a goal or plan and procedures detail the individual steps set forth to achieve the long term goal that is an organization's policy. It is important for an organization to provide thoroughly developed policies to its individual members to effectively assist an organization to achieve its goals.