May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 31: The MRTP and the Competition Acts | 411 |
Regardless of competition, it is important to have sound rules
and regulation. Enforcement is vital, complementary to competitive
mechanisms, and often may be required to put the corporate
governance practices in place.
CHALLENGES TO GOOD ENFORCEMENT
The credible threat of detection, whether from private or public
investigation/monitoring, requires resources. Meaningful sanctions
applied in a timely period with correct burden of proof depend on
legal system and legislative and judicial approaches to white-collar
crime. This is a big challenge in the area of international coopera-
tion as globalization continues.
Ultimately, the key role of competition is to enhance economic
freedom. ...
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