What policies do you have now? What practices? Have you written any of them down yet? When was the last time you revisited them?
Do you have company values? What are they? How do you recognize them in your team?
Do you have a career ladder? Do you feel it accurately reflects the team today? Does it reflect the team you want to have in the future? If not, can you improve it?
What risks are most concerning for your team? For your company? How can you mitigate those risks without burdening your team with unnecessary processes and bureaucracy?
1 John Gall, Systemantics: How Systems Really Work and Especially How They Fail (New York: Quadrangle/The New York Times Book Co, 1975).