7 Regulating responsibility
He who was so unjust as to do his brother an injury will scarce be so just as to condemn himself for it.
John Locke
Written laws are like spiders’ webs; they will catch, it is true, the weak and poor, but would be torn in pieces by the rich and powerful.
Anacharsis – sixth century bc
Voluntary versus mandatory standards
From a corporate perspective, regulation is usually viewed through a compliance lens. Sometimes regulation with regards to corporate responsibility is mandatory, for example the anti-bribery or human rights legislation. But with corporate responsibility, more often than not, the regulations are voluntary, for example the UN Global Compact or various ISO standards. ...
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