Read the summary and the most important questions on Law and self-regulation legal and business perspectives | 9789086596119 | Nico Jansen

• 1 The regulatory environment

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• 1.1.4 Managers and Law

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• What do you find in Business or Corporate Plan?

  A Business or Corporate Plan should define according to Business theory,
  

  •  The company's mission
  • The company's vision on the future
  • The company's objectives 
  • The strategies and tactics to use achieve the objectives.

• What are the basis that the Business Plan provides?

  • Budgets 
  • Targets
  • Reporting and Control Policies of all functions, including the Legal function

• 1.1.6 Legal System

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• What is the meaning of the Trias Politica?

  • The legislative power create legal rules
  • The executive power administers the country
  • The judiciary applies the rules created by the legislative in courts. 

• The Trias Politca is the philosophy that there has to be a strict seperation between three independent powers in every nation which is legislation, Judiciary & Executive. True or False.

  True

• Why is the implementation of the rule of law important for business in general?

  Implementation of the rule of law results companies in a fair business environment where all companies are subjected to the same rules and in case of disputes the judiciary will rule fairly.

• What are the four universal principles that the rule of law is generally considered to encompass?

  The four universal principles that the rule of law generally encompasses are: Accountability under the law
  Just and fair laws
  Open and transparent legal processes 
  Independent judiciary to ensure the enforcement of the rule of law.

• The rule of law principles are essential for promoting .....

   fairness, justice, and the protection of individual rights within a legal system

• 3 The European union

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• When a supranational organization is created, members have to ratify. What is ratify?

  Formally accepting the rules of the treaties which form the basis of the organisation. Example: EU

• What are intergovernmental organizations?

  Organizations cannot independently exercise authorities. Regulation requires consent of all countries that make up the organisation.

• What means free trade area (FTA)?

  
  
  
  Member States remove barriers for trade in goods and services between them. As for imports for other countries, the Member States independently set tariffs and other barriers. The EU is in FTAs with for example South Korea and Japan.