Who is ultimately responsible for knowing about laws

A strong rule of law includes: Clearly written and easily accessible laws that create certainty and enforceability of legal rights An independent and impartial judiciary that promotes fairness and ensures transparent, timely and predictable resolution of disputes Effective and efficient public institutions that empower business and individuals to make a positive contribution to the economy and society There are great benefits to business, and other stakeholders, in respecting and supporting the rule of law.

Business for the Rule of Law Consultation Reports. Meeting Report. Second, under the Auer deference, courts defer to the agency interpretations of its own ambiguous regulations. Category: Governmental Organization, Power, and Procedure. Please help us improve our site! No thank you.

Administrative Law Primary tabs Definition Branch of law governing the creation and operation of administrative agencies. Overview Administrative law encompasses laws and legal principles governing the administration and regulation of government agencies both Federal and state.

Administrative Law--Structure of Agencies While some textualist scholars argue that administrative agencies are unconstitutional, particularly because of unconstitutional delegation of law-making power, the current jurisprudence in administrative law deems agencies constitutional, and necessary in the current society in the functional and pragmatic sense.

Statutory Regulation of Agencies However, despite their enormous powers, the governmental agencies must still act within Constitutional and statutory parameters.

Administrative Law -- Judicial Review of Agency Actions One important aspect of the administrative law is the judicial deference given by the courts to the agencies. See generally the Code of Federal Regulations.

Recent Administrative Law Decisions. Chevron U. Shell Oil Co. State Statutes Dealing with State Government. Administrative Law Cases Commentary from liibulletin-ny. To tackle this issue in a cost-effective manner, a modern organization should have robust systems in place to ensure that everyone from front-line staff to the CEO to board members are in line with the law. This requirement is particularly true for publicly-traded companies, whose boards are legally liable for compliance to all applicable laws and regulations.

Though the implementation of these legal compliance management systems can be delegated to committees and operations staff, final liability does lie with the board. In the book Governance of Publicly Listed Corporations , author Thierry Dorval explains that the responsibility of board members to ensure that operations are in compliance with all relevant laws and regulations is clearly outlined.

A recognized expert in corporate governance and partner at Norton Rose Fulbright , Thierry Dorval states on page ,. From simple excel files and emails, to nothing at all to a very high legal bill every year, companies are clearly struggling to implement a robust solution to their complex regulatory requirements.

Therefore, not only does the board of a publicly listed corporation have a responsibility to put in place systems to manage regulatory compliance, but the audit committee must also assist in this process.

In Canada, we can take a look at the Consolidated Ontario Securities Act, Regulations and Rules , which outline the requirement of boards to implement regulatory compliance systems in their companies.