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Tort And Regulatory Risks
Essay specific features
Written by:
Bert T
Date added:
February 2, 2012
Level:
University
Grade:
A
No of pages / words:
3 / 840
Was viewed:
7082 times
Rating of current essay:
Essay content:
This paper will also describe specific measures to manage torts and other regulatory risks that are identified in business practices.
The sheer volume of regulations and complexity of the international regulatory environment have made the management of regulatory risk one of the most pressing concerns for global businesses ahead of natural disasters, terrorism and other operating risks, according to a new global survey of senior executives conducted by the Economist Intelligence Unit (EIU) and co-sponsored by The ACE Group of Companies (NYSE:ACE) (Managing Regulatory Risk Tops List of Concerns for Today's Risk Managers; Burden Expected to Increase, According to ACE, 2009)...
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One way that businesses can prevent instances like alumina from happening is to train their employees and make sure they are up with all the regulations enforced by the government. Preventative measures will allow businesses to limit the number of torts that are filed against the company. Alumina had a good reputation with the EPA and was operating according to standards...
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