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When a Safety Standard Has Been Breached in the Workplace,the

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When a safety standard has been breached in the workplace,the employer will be subject to a corresponding fine


Definitions:

Centralized

A structure or system where decision-making authority is concentrated at a single point or in a single organizational entity.

Shareholder Value Model

A corporate governance approach that prioritizes maximizing the value for shareholders through strategies, policies, and business decisions.

Corporate Accountability

The concept that companies should be responsible for their actions in society, including their social, environmental, and economic impacts.

Free Market Economic Models

Economic systems where prices for goods and services are determined by the open market and by consumers, with minimal government intervention or regulation.

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