...ADVERTISING AND REGULATORY SYSTEMS A. Introduction In this paper will be discussed concern on advertising and regulatory systems in different parts of the world. Exactly the regulation of government in advertising is really needed to protect the interest of society from unbridled business behavior (Frith, KT and Mueller, B, 2003, p. 85). It is the foundation of ethics and a rule of advertisement. Advertising regulation refers to the laws and regulations that define the specific products that can be advertised on the country/region specific. Rules can include various aspects such as place settings advertising, advertising time, and the content of the ad. There are five main political/economic systems operate in the world that has its own policies structure for dealing with the media, such as the libertarian/capitalist (i.e., the United States), Socialist/capitalist (e.g., Japan, Australia, Singapore, and Britain), Authoritarian/capitalist (e.g., Brazil, Thailand, and Malaysia), Sectarian/authoritarian/capitalist (e.g., Saudi Arabia and Iran), Communist/planned economies (e.g., Vietnam or China). It also will be discussed to study the different of advertising and regulatory systems in several representation of the world. B. Discussion 1. The Definition of advertising and regulatory systems Before differentiating of advertising and regulatory systems in several parts in the world, it is important to understand what that system is. As is known in the introduction that...
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...Assignment: Discuss the idea that banks will continue to fail even in the presence of supervision clearly articulating what constitutes supervision and regulation for the financial system as well as the rationale for regulating the financial system. __________________________________________________________________________ What constitutes supervision and regulation for the financial system? Banking supervision and regulation provides a forum for regular cooperation on banking supervisory matters; its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision The core principle for effective banking supervision addresses supervisory requirements relating to banking licensing. The licensing authority must have the power to set criteria and reject applications establishment that do not meet the standards set. The licensing process should consist of an assessment of the ownership structure, governance of the bank and that includes: fitness and propriet of board members and senior management, its strategic and operating plan, its internal controls, risk management, projected financial condition and its capital base The purpose of obtaining this information is to review: major shareholders' past banking and non-banking business ventures, their integrity and standing in the business community, their financial strength, their ability to provide further financial support should it be needed, their other interests and the...
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...and Robert W. Nason2 Journal of Macromarketing 29(4) 392-405 ª The Author(s) 2009 Reprints and permission: http://www. sagepub.com/journalsPermissions.nav DOI: 10.1177/0276146709344954 http://jmmk.sagepub.com Abstract The authors provide evidence that firms can enhance their own objectives by internalizing the objectives of most stakeholder groups. This suggests that society’s objectives, as defined by stakeholders to the firm, can be augmented by the self-interest motivation at the heart of a market system. Specifically examined was the impact of stakeholder responsiveness on innovativeness. The second objective of this study was to explore the impact of compliance-based versus strategic-based regulation approaches on firm innovation and overall corporate social responsibility (CSR). Findings suggest that regulatory responsiveness decreases innovation when firms expend resources only on compliance. Firms adopting strategic-based approaches, such as voluntary regulatory...
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...3 The Regulatory System in the United Kingdom This chapter examines the regulatory system currently in place in the United Kingdom. It provides an overview of the structure and objectives of regulation, the role of the regulator and the techniques that are employed in regulating firms and individuals who engage in investment business. 3.1 Background: the financial crisis and regulatory reform 3.1.1 Responding to the financial crisis In the UK, as elsewhere, the onset of the financial crisis exposed deficiencies in financial regulation and led to calls for regulatory reform. The Treasury Select Committee1 led the way, with its hearings into the collapse of Northern Rock exposing serious deficiencies in supervision and risk management.2 In October 2008, the Chancellor of the Exchequer asked Lord Turner, the newly appointed chairman of the FSA, to review the causes of the crisis and to make recommendations on the changes in regulation and supervisory approach needed to create a more robust banking system for the future. The Turner Review3, published in March 2009, made a 1 The Treasury Select Committee is a Parliamentary (House of Commons) committee that scrutinises the activity of the regulatory authorities in the UK. 2 See House of Commons Treasury Committee, The Run on the Rock HC 56-1 (Fifth Report of Session 2007-08). 3 FSA, ‘The Turner Review, A regulatory response to the global banking crisis’ (March 2009) at http://www.fsa.gov.uk/Pages/Library/Corporate/turner/index...
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...World Dialogue on Regulation for Network Economies Regulation and Investment: Case study of Bangladesh Harsha de Silva[1] and Abu Saeed Khan[2] August 2004 Abstract The paper considers the available evidence in determining a relationship, if any, in the Telecom Regulatory Environment [TRE] of Bangladesh and investments in to its telecommunications industry over the last decade. TRE is segmented in to market entry, access to scarce resources, interconnection, tariff regulation and regulation of anti-competitive practices while investments are all non-divestiture foreign and domestic private and public investment. The TRE in Bangladesh is found to be wanting in all defined aspects. Interconnection is the worst of the five components, where a mobile only parallel network is being created due to regulatory ineffectiveness where almost ninety percent of mobile users do not have access to a fixed phone. Investments in to the fixed sector in Bangladesh dominated by the state owned virtual monopoly have been sorely inadequate and continue to be dictated by the funds availability [or lack thereof] of the Government. The mobile sector on the other hand has seen some amount of investments flowing in led by the widely acclaimed GrameenPhone. However, once standardized to compare across the region, it is found, even though using imperfect data to compare, that the reason for this flow could...
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...judge of the Supreme Court and the other board members consisted of virtuoso of various fields like Finance, Economics, Laws and Public Administration. The Commission took up a intense two year process starting from April, 2011 and submitted its “text of the findings and recommendations” in March,2013. For better and effective functionality in finance sector and avoid conflicts of interest among different regulatory, the Financial Sector Legislative Reforms Commission (FSLRC) recommended to have well structured Government agencies. The Commission has pitched for specialized and consolidated set of provisions on regulatory governance by bringing a bill, called Indian Financial Code Bill. Government agencies are required to perform complicated functions in eight major areas of finance sector: consumer protection, micro-prudential regulation, resolution of failing financial firms, capital controls, systemic risk, development, monetary policy and debt management. And if we have quick review of India’s regulatory, we find that it mainly follows product-specific regulator system. We have: Reserve Bank of India (RBI) that regulates...
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...Legal, Safety, and Regulatory Requirements HCS/341 February 1, 2014 Legal, Safety, and Regulatory Requirements The course syllabus for Human Resources in Health Care by Brown (2010) makes a debatable statement: "Common sense and compassion in the workplace has been replaced by litigation" (Version One). I disagree with this statement. Common sense and compassion are relative to the supplier. Therefore, federal regulatory agencies have ebeen created to establish and enforce legal, safety and regulatory requirements. In an effort to originate these regulations, the federal government has established the U.S. Department of Labor, U.S. Equal Employment Opportunity Commission, the Americans with Disabilities Act of 1990 and the Department of Homeland Security. Legal Regulations Legal regulations about topics such as wage requirements, work hour requirements, and medical or family leave time is enforced by the U.S. Department of Labor. One example of this agency's oversight is the provision of protected break times for breastfeeding mothers. According to "U.S. Department Of Labor" (2014), "The Patient Protection and Affordable Care Act amended section seven of the Fair Labor Standards Act to require employers to provide reasonable break time for an employee to express breast milk for her nursing child for one year after the child’s birth each time such employee has the need to express the milk" (Wage and Hour Division: Break Time for Nursing Mothers). Signed...
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...students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Kotler, P., Shalowitz, J., & Stevens, R. J. (2008). Strategic marketing for health care organizations: Building a customer-driven health system. San Francisco, CA: Jossey-Bass. All electronic materials are available on the student website....
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...aspects can be essential to a successful outcome. Created by the Budget and Accounting Act of 1921, the GAO became the first external forum for federal bid protests. The GAO was established as an independent governmental agency under the control and direction of the Comptroller General for the United States. Even though the statutes giving GAO jurisdiction to hear bid protests were not enacted until the mid-1980s, the GAO has been hearing bid protests since the 1920s. So what exactly is a bid protest, a bid protest is a formal, written objection to an agency’s solicitation for bids or offers, cancelation of a solicitation, or award or proposed award of a contract. Bid protests only became part of the federal procurement system in the early 20th century, more than 100 years after the federal government began purchasing goods and services. However, Congress has authorized bid protests in...
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...that if not signed or explained properly can jeopardize you and your assets. The product liability is that If the company does not exclude all the provisions and the company insures a risk that theyu do not know to much about. For the measures that a company can take from issues arising is that they need to make sure that the agents disclose everything to the fullest extent and the insured knows exactly the policy that has been written. The risk may be minimized by having all the proper paperwork signed and the agents inspecting all the vehicles that are being insured with the proper policy. 2. How do government regulatory agencies and laws affect organizations? Choose one or two specific regulatory requirements and explain what effect they have on organizations. How do they differ domestically and internationally? a. A government regulatory agencies and laws affect are the Department of Insurance. This government agency regulates all the insurance brokers and agents in the state of California. The DOI regulates the agents heavily. When a complaint from a consumer is filed with the DOI the DOI will then send a letter to the agent that they have been given a warning about a complaint against them. Insurance is the same concept no matter where you go. Domestically and international. The only thing that can change is how the agents sell and their background also the minimum amounts in...
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...1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how Georgia Department of Regulation – I am a health care professional in the personal care home industry and it will impact me current administrative rules and regulations for personal care homes do not have provisions to ensure the safety of persons with dementia. This in turn becomes a liability on the company. 2. Describe the proposal/change. (10 points) The proposals decrease the care of the patients. The proposed rules and regulations do not address the concern about lack of safety provisions in personal care homes and the risk of residents wandering from personal care homes. 3. Write the public comment that you would submit to this proposal. If the proposed regulation deadline has already passed, write the comment you would have submitted. Explain briefly what you wish to accomplish with your comment. (10 points) My comment for this proposal is that there are plenty of patients with Alzheimer’s disease that tend to wander when not supervised by the proper authority. Currently the rules and regulations that have been establish minimize standards for the operation of these homes that provide any type of residential services. The rules need to be changed and developed in a way that it help ensure the safety and well-being of individuals...
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...Memorandum To: Charles White, President From: Ethan Worley, President of all Accountants Date: 2/9/2015 Re: EPA Regulations Mr. White, It has come to my attention that there is a possibility of an unforeseen expense relating to our newly acquired subsidiary, Johnson Manufacturing Co., and the way that they have been disposing of their hazardous waste. Due to the nature of the disposed waste, the Environmental Protection Agency has ordered certain companies that would be comparable to Johnson Manufacturing, to pay for remediation costs in circumstances where this type of dumping has occurred. Due to the Comprehensive Environmental Response, Compensation, and Liability Act being enacted after Johnson, Co. disposed of their toxic chemicals, there was no knowledge of wrong-doing, and any issues arising from this law are not due to negligence. However, the EPA is firm in its response to any known site where this kind of dumping has occurred. The issues we now face is that of whether or not to take ownership for Johnson Manufacturing, by informing either the EPA directly, or reporting an environmental liability on our balance, which will likely be reviewed by the EPA. In my research of the topic, I have come across a few uncertainties with how to interpret our particular situation. To begin with, in accordance to GAAP, in order to recognize a loss contingency, it must be probable, and reasonably estimated. 410-30-25-8 Section 450-20-55 concludes that the criterion...
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...Alexander Jackson Business and Society Bonnie Stoltz February 17, 2015 Week #2 Application 1. Does this case indicate that JPMorgan and the federal government were in a collaborative partnership or working at arm’s length? Why do you think so? JPMorgan and the Federal Government were working at arm’s length in the beginning. JPMorgan, along with the other “big banks”, argued with congress about Imposing government rules when it came to the trading of derivatives. 2. Which stakeholders benefited, and which were hurt, by JPMorgan’s actions in this case? For those that were hurt, wasn’t this a risk they were willing to take? The stakeholders that were hurt were stockholders, shareholders, the company itself. Competitors everyone was affected. 3. Were the regulations of derivatives trading legislated by congress in 2010 an example of economic or social regulations? What were the arguments in favor of and opposed to these regulations? This would be an economic regulation. The argument in favor for this would be that JPMorgan the largest of the banks cannot handle risk that no one as a bank. Those opposed to the regulations stated that it would reveal sensitive pricing, and could drastically reduce the banks’ profits. 4. Do you believe the government should have regulated the trading of derivatives further, and why or why not? If so, what kinds of regulations would you favor? I think they should have done more. The amount of money lost in this was drastic...
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...Chapter 18 Q. The federal government regulates labels, warranties, and consumer products. Without government regulation, what abuses are likely to occur? A. This is a complex problem that is the base of regulation enthusiast, and I believe that this will have lots of people writings on this matter. If there is no regulation, and we as a society allow the market to act as its own regulator, the abuses historically seen when there is little or no industrial oversight are too challenging to ignore. Abuses will likely include lack of competition between entities, Monopolies of certain pieces of the market, unfair charges for services or goods. I think that a balance has to be struck between where business can prosper and flourish, but also one where business is geared towards the improvement of the life of all individuals which includes worker, owner, and management. Chapter 23 Q. Compare the minimum contacts test, as it is applied to the bricks-and-mortar activity of businesses, to their cyberspace activity. If you were a small business, seeking to sell to customers located in other states, what are some things you could do to avoid having states where these customers live require you to collect sales tax? A. Whether logically convincing or not, the Court currently accepts jurisdiction based on physical service of process on a defendant in the forum state but does not assume that jurisdiction based on the seizure of the defendant's property in the state satisfies the requirements...
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...介紹香港現行的金融監管機制,並說明其在香港金融發展中擔當的角色. 簡報重點: 有關課題的背景 現行的運作方式怎麼樣? 現行模式著重哪方面? 現行模式對香港和中國的經濟發展起了什麼作用? 有沒有可以進一步改進的地方? • 香港金融管理局的有關背景 • 有關香港現行的金融監管機制的背景與其運作方式 • 金融監管機制在香港金融發展中擔當的角色 • 金融監管機制對香港和中國的經濟發展起了什麼作用 • 現行金融監管機制可改進的地方 一、香港金融监管现行机制有漏洞 现时,香港金融业市场采用的监管模式,是由不同监管机构管理不同职能及机构,例如保监处监督保险业、金融管理局监察金融机构(如银行及存款公司)、香港交易所监管上市公司以及证监会监管投资产品。这种模式往往衍生出灰色地带,在监管上造成不能避免的难处。 例如,雷曼迷你债券的苦主购买的产品是经由证监会批核上市,但购买的渠道却是透过银行。对于监管责任归属,金管局与证监会各有不同看法。因此,迷债苦主除了与银行交涉,还要奔波金管局与证监会之间,寻找主持公道的仲裁机构。 三、现有的监管体系 1、目标监管“双峰模式” 目前,国际上最接近“双峰模型”的金融监管是澳大利亚和荷兰。澳大利亚已成立了两个跨部门的监管机构:针对金融领域系统性风险进行审慎监管的“金融稳定委员会”和针对金融机构商业行为规范进行监管的“消费者保护委员会”。并非由于危机或者失败,而是要金融更加自由化和现代化—在提供高质量服务的同时具有高效率。澳大利亚的金融监管改革是系统的、有计划的和互动的。改革并不是由于危机或者失败,而部分是由于政策制定者希望金融更加自由化、更加现代化,从而增强其效率和国际竞争力。澳大利亚的改革以“回归根本”而闻名,主要是努力为金融法规建立清晰的概念基础。改革的结果并不是实现全方位的大监管,而是建立一个以目标为基础的体系。 第二个跨部门监管机构是澳大利亚证券投资委员会(AustralianSecurities Investment Commission,简称ASIC),它除了拥有其前身在证券监管领域的职责以外,还承担消费者保护和维持市场诚信的职责,但不承担审慎监管职责。关于所有公司和证券相关活动的商业行为、披露要求、市场行为和解决争端的职责集中于ASIC 手中,这种安排旨在优化相关监管规定,从而实现不同产品和服务之间的竞争中性、透明性和可比性。为使其监管决策不会对竞争设置不合理障碍,ASIC 必须与主管竞争的当局,澳大利亚竞争和消费者委员会密切合作。 2、英国:经典单一监管机构 英国自新千年伊始对金融监管体制实行了全面改革,建立了单一的金融监管机构。、从1997年始,英国对其金融监管体制进行了全面改革,将其银行监管的职责将转移到一个单一的监管机构,英格兰银行将负责整个金融体系的稳定。根据改革决定,10家机构进行合并,组成单一的金融监管机构。1997年10月,证券投资局更名为金融监管局(FSA),1998年起,英格兰银行的银行监管职责移交给FSA。FSA依法行使监管权力。2001年12月1日,FSA依照《2000年金融服务和市场法》(简称FSMA或《2000年金融法》)规定,正式行使其对金融业的监管权力和职责,直接负责对吸收存款业、保险业和证券投资业的监管。FSA也获得了一些其前任监管机构所没有的监管权力,例如关于消除市场扭曲或滥用、促进社会公众对金融系统的理解和减少金融犯罪等。3、非传统式分业监管 当前,美国的金融监管架构很大程度上仍然是分业的,但已...
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