Functioning of the most prevalent type

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The modern day world is one of specialized entities in every aspect of life. Even the constitution of each and every nation underlines special areas and circumstances and in the process defines specialized laws to govern the functioning of those sectors and areas. Hence, the idea of the corporate law, even if it may be comparatively unfamiliar in the daily life of a common man, would not be altogether an alien one on the concept level. Also often referred to as company or corporations law, corporate law can be defined as the set of authorized rules governing the functioning of the most prevalent type of the current business enterprises. Various entities such as the stakeholders, creditors, board of directors as well as the consumers, the community, etc fall under the jurisdiction of corporate laws.

What is your thought on this? What can be done to successfully oversee this globally? Should the government have involvement? only 200 words

Reference no: EM13791980

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