The big squeeze: Monopolies and the stifling of Malaysian businesses

By definition, a monopoly is a company or group which controls all or nearly all of the market for a given product or service. As any competition is rendered ineffective, a major problem is that consumers are at the mercy of the monopoly which can raise prices or lower quality or both, without any worry of being affected by negative market reaction. While both the EU and the United States have competition or antitrust laws to prevent predatory monopolies from taking form, such a concept has only recently been introduced to Malaysia. Furthermore, despite the passing of a Competition Act and the setting up of the Malaysia Competition Commission, monopolies still dominate certain sectors of Malaysia's economy

Taking On the World: Othman Yeop Abdullah (OYA) Graduate School of Business, UUM

Two decades of producing successful leaders and entrepreneurs puts Universiti Utara Malaysia (UUM) in the top tier of local business schools. In fact, with more that 3,000 postgraduate students, UUM's Othman Yeop Abdullah (OYA) Graduate School of Business can lay claim to the accolade of being the largest graduate business school in Malaysia. But UUM and the OYA Graduate School of Business are not resting on their laurels - a new mandate is in place to propel the university into the global limelight as well

Really responsive risk-based regulation

Regulators in a number of countries are increasingly developing "risk-based" strategies to manage their resources, and their reputations as "risk-based regulators" have become much lauded by regulatory reformers. This widespread endorsement of risk-based regulation, together with the experience of regulatory failure, prompts us to consider how risk-based regulators can attune the logics of risk analyses to the complex problems and the dynamics of regulation in practice. We argue, first, that regulators have to regulate in a way that is responsive to five elements: (1) regulated firms' behavior, attitude, and culture; (2) regulation's institutional environments; (3) interactions of regulatory controls; (4) regulatory performance; and (5) change. Secondly, we argue that the challenges of regulation to which regulators have to respond vary across the different regulatory tasks of detection, response development, enforcement, assessment, and modification. Using the "really responsive" framework, we highlight some of the strengths and limitations of using risk-based regulation to manage risk and uncertainty within the constraints that flow from practical circumstances and, indeed, from the framework of risk-based regulation itself. The need for a revised, more nuanced conception of risk-based regulation is stressed

Comment letters to the National Commission on Commission on Fraudulent Financial Reporting, 1987 (Treadway Commission) Vol. 2

https://egrove.olemiss.edu/aicpa_sop/1662/thumbnail.jp

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