Our manager has received the policy for review.
The long-term solution is the implementation of mechanisms (such as single-sign on, "sudo" on Unix, and group permissions) to remove the necessity to share passwords. We realize that many of these approaches are not feasible in the current budget environment, and the password policy reflects this.
Regarding "role" accounts shared by multiple users, one of the most important requirements in the updated policy is that these passwords be changed every time an employee or contractor who had access to the password leaves (including external contractors after end of contract or when they leave employment with the contract firm, whichever comes first).
Would this "termination clause" in the new policy (over and above the standard change interval) pose an issue for your applications?
Kevin