In recent times, much emphasis has been placed upon companies finding their competitive advantage in a changing market-place. For many, this has meant exploring new opportunities and developing business transactions between various countries. Consequently, companies have faced a web of regulation about contracts, trading
practices (e.g. consumer protection, anti-competitive practices), and work-place operations.
-How does the board of directors ensure that the company complies with the regulatory requirements, meets ethical standards, and retains a competitive edge?
-What indicators can a board use to maintain oversight in these areas?