MGIC Policies present the requirements and standards with which users of the MGIC mechanism must comply.
Who uses the MGIC Policies and Procedures?
The primary users are: MGIC employees (including those hired through MGIC’s global Employer of Record service providers); the staff of the International Operations (IO) division who administer the MGIC mechanism on behalf of UMB; MGIC Directors and Officers; and the personnel of UMB and constituent institution departments and units who obtain MGIC services. MGIC’s suppliers of goods and services also have responsibilities to comply with MGIC’s Code of Conduct and other policy statements applicable to their contract terms and conditions.
Why do we need them? How do they relate to UMB policies and procedures?
MGIC Policies lay out expectations, requirements, and guidelines that support operational effectiveness, promote efficiency, and set standards to which management is accountable. MGIC Policies align with relevant UMB policies and reflect applicable laws and regulations.