7 Regulating responsibility

DOI: 10.4324/9781003356981-7

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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