Chapter 2 - External Environment

Question 1

External Environment Factors

Answer 1

1. Legislation and Regulation
2. State Benefits
3. Tax
4. Accounting Standards
5. Risk management requirements , solvency and capital adequacy
6. Corporate Governance
7. Corporate Structure
8. Competitive Advantage and Commercial Requirements
9. Other external issues
   - Lifestyle Considerations
   - Social and Cultural Trends
   - Demographic Trends
   - International Practices
   - Technological Changes
   - Climate change and other environmental issues