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- In business, oversight refers to a critical governance function performed by boards of directors, committees, councils, and external bodies1. Oversight is composed of “over,” meaning above, and “sight,” meaning looking, but not touching1. It involves systems or actions to control an activity and make sure that it is done correctly and legally2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Oversight is a critical governance function performed by boards of directors, committees, councils, and external bodies. Oversight is composed of “over,” meaning above, and “sight,” meaning looking, but not touching.www.caaf-fcar.ca/en/oversight-concepts-and-conte…systems or actions to control an activity and make sure that it is done correctly and legally: In commodity trading, key goods such as oil or uranium are traded with almost no oversight.dictionary.cambridge.org/dictionary/english/oversight
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