Explain what a regulatory agency must do to enforce its rules effectively and fairly with the businesses under its jurisdiction
Answers
Answer:
Company Regulations help to protect employees and provide fundamental information on occupational health and safety and on existing hazards and how to prevent them. Company Regulations list rules on health protection and accident prevention, on order on company premises and the conduct of employees.
Explanation:
Regulations, also called administrative laws or rules, are the primary vehicles by which the federal government implements laws and agency objectives. They are specific standards or instructions concerning what individuals, businesses, and other organizations can or cannot do.
Market economies need clear rules to function efficiently. Without a legal framework establishing and enforcing property rights and the “rules of the game,” our free enterprise system could not exist. Regulations issued by the executive branch affect every aspect of our lives. From the moment you wake up until the time you go to sleep, regulations influence what you do. Yet most people know very little about the impact of regulations or the process by which they are produced
Recently, the international Organisation for Economic Co-operation and Development (OECD) has done considerable research on regulatory policy. Their overarching perspective is that regulations are often necessary for a well-functioning, market-based, capitalist society, but they do not always live up to public expectations or achieve their social goals. In other words, regulations in practice do not always make things better
When CED last spoke on regulatory policy, we, like the OECD, recognized the necessity of regulation but noted how it often fails to serve its role well: