It is relatively easy to provide naive policy implications. Less regulation is less costly. Whatever regulation there is should be simple. It should be intuitive so that the regulated can understand it. There should be a well-defined rationale which is communicated to the public and helps create legitimacy for the law. Transparency is preferable, but information overload may reduce transparency. Complexity will be less costly when directed at an audience which can handle it e.g., the auditing profession (Schuck 1992). All else equal, top-down regulation in the civil l tradition is more costly than bottom up approaches based on self regulation, best practice codes and common law. Since the costs of complexity are large, it will often be optimal for society to make laws less complex even when there are potential benefits of more detailed rules. Obviously, trade offs can arise when (if) there are significant benefits of complex regulation. But there is almost no chance of optimal regulation if the costs of complexity are ignored.
Corporate Governance and Business Ethics Related Interview Questions
|Business Communications Interview Questions||Business Ethics Interview Questions|
|Corporate Law Interview Questions||Corporate Social Responsibility Interview Questions|
|Business administration Interview Questions||Corporate Communication Interview Questions|
|Business Development Manager Interview Questions||Corporate Finance Interview Questions|
Corporate Governance And Business Ethics Tutorial
The Globalisation Of Corporate Governance? Irresistible Markets Meet Immovable Institutions
Regulation Complexity And The Costs Of Governance
Corporate Governance As An Institution To Overcome Social Dilemmas
Corporate Codes Of Ethics: Can Punishments Enhance Their Effectiveness?
Corporate Governance At The Chinese Stock Market: How It Evolved
Philosophical Underpinnings To Corporate Governance: A Collibrational Approach
Aristotelian Corporate Governance
Deliberative Democracy And Corporate Governance
The Firm As A Nexus Of Stakeholders: Stakeholder Management And Theory Of The Firm
Corporate Governance, Ethics And Sustainable Development
Triadic Stakeholder Theory Revisited
Corporate Governance And Business Ethics
When Good Turns To Bad: An Examination Of Governance Failure In A Not-for-profit Enterprise
Integrity In The Boardroom: A Case For Further Research
The Ethics Of Corporate Governance In Global Perspective
Do Stakeholder Interests Imply Control Rights In A Firm?
The Implications Of The New Governance For Corporate Governance
All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd
Wisdomjobs.com is one of the best job search sites in India.