A key reason they seek outside guidance is that the employees of these companies often lack the objectivity, the cross-company and cross-industry experience, or the specific, technical expertise that the company needs. Companies also hire consultants simply because they want to avoid distracting key individuals from their on-going operational duties in order to conduct a project that an outsider can perform.
Why, on the other hand, do banks hire bank supervisors? The obvious answer is that they do not hire them at all. Supervision is found to be necessary -- not only here but also in virtually every country abroad -- to protect the public’s interest in the lending and deposit-taking process.