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The governments - federal, state and local - in most societies watch over the business practices of corporations and other profit seeking entities in an
The governments federal, state and local in most societies watch over the business practices of corporations and other profit seeking entities in an effort to resolve any conflict between the two ends. The antitrust division of the US Justice Department regularly checks out and forestalls the creation of unwanted monopoly power in the United States. The Securities and Exchange Commission SEC monitors trading and brokerage houses make insider trading outright illegal. The Internal Revenue Service IRS makes sure that every business organization fulfills its tax liabilities, provides the correct compensation to its employees and social security benefits, and so onDispasri et al para In essence, we need to think about this as organizations having both internal and external governance systems.
What other entities provide governance, directly or indirectly, over organizations in general? What about your organization?
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