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Chapter 6

1.6 Wider stakeholder perspective:

 ‘Regulation overload’ – the volume of rules and amount of legislation may give
rise to increasing costs for businesses and for the regulators

 Legal costs – to enact new legislation to close loopholes

 Limits – there is no room to improve, or go beyond the minimum level set

 ‘Box-ticking’ rather than compliance – this does not lead to well governed
organisations.

Illustrations and further practice

Now review illustration 2 and try TYU question 1

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