Moreover, the guidelines ensure that there is a room for updating the operating procedures to offer clear guidance on how to adhere to the legal requirements. This state of affairs will ensure that the new product does not violate the law and hence undue exposure to the threat of legal liability is avoided (Hirschey 2009). ... If the prospective commodity appears to be an excellent fit with the firm and its clients, only then does successful leadership delve into the more technical aspects of the given decision. ... It is also advisable to document the assessment and maintain a back-testing ...

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• Approx Pages: 39
• Grade Level: Undergraduate