That would be the Securities & Exchange Commission, or SEC.
Regulatory agencies and watchdog organizations have the power to monitor and stop unethical business practices. These entities enforce laws and regulations, conduct audits, and investigate complaints to ensure compliance with ethical standards. Additionally, public pressure and consumer advocacy can influence businesses to adopt more ethical practices. Ultimately, a combination of regulatory oversight, corporate governance, and societal expectations plays a crucial role in promoting ethical behavior in the business world.
Some strategies to address the free-rider problem in public goods provision include implementing taxes or fees to fund the goods, creating laws or regulations to enforce contributions, using technology to track and monitor usage, and promoting public awareness and education about the importance of contributing to public goods.
It is very important to monitor the macro-environment of a firm as they will directly affect the organization. These are external factors that a firm will not have control over and will affect the performance of the business.
Regulations are important to monitor the credit
Horizontal mergers are closely monitored by the government to prevent a monopoly from being created when the companies merge. Huge benefits can be gained by the merged companies when a competitor disappears from the same market and for the consumer the prices are driven upwards, which can be bad news.
establishing systems to monitor, audit and enforce ethical standards ?
World Trade Organization
Pilbara Monitor was created in 2006.
Rosenberg's Monitor was created in 1957.
Quince Monitor was created in 1997.
Clouded Monitor was created in 1931.
Savannah monitor was created in 1792.
Finsch's Monitor was created in 1994.
Lace monitor was created in 1790.
Anti-Monitor was created in 1985.
Kalabeck's monitor was created in 1874.
Organic Monitor was created in 2001.