Why Has the Self Regulation Model of Professional Regulation Been

question 52

Multiple Choice

Why has the self regulation model of professional regulation been criticized in other jurisdictions?

• A) Self regulating professions are too expensive.
• B) Self regulation replaces criminal prosecution.
• C) Self regulating professions are in a conflict of interest.
• D) Self regulating bodies may fail to adequately protect the public interest.

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Definitions:

Human Resources

The department of a business or organization that deals with hiring, administration, and training of personnel.

Implementation

The process of putting a decision or plan into effect; executing or carrying out a plan, idea, or policy.

Stock Prices

represent the value of a company's shares as quoted on a stock exchange, reflecting investor perceptions of the company's future financial performance.

ESOPs

An Employee Stock Ownership Plan, a program that provides a company's workforce with an ownership interest in the company.