What is the purpose of the GEMD review process?

The GEMD review process primarily serves to regularly assess and refine the effectiveness of compliance measures. This involves systematically examining policies, practices, and outcomes to ensure they align with regulatory requirements and organizational goals. By focusing on compliance, the GEMD review process helps organizations identify gaps, reflect on their operations, implement corrective actions, and enhance their overall compliance strategy. This ongoing assessment is critical for ensuring that the organization not only meets legal and regulatory standards but also operates efficiently and ethically, ultimately contributing to improved performance and risk management.

While preparing annual budget reports, training new employees, and evaluating employee performance are important organizational functions, they do not specifically pertain to the core purpose of the GEMD review process, which is dedicated to compliance and effectiveness.