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by nerdponx
2881 days ago
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It's partly PR, and partly the ability to do things on your own terms. You do not want regulations forced on you, that is bad for the bottom line. You need to be in control. This is the story with self-regulation across industries. |
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Also, self regulation can be safer in terms of come-back.
Where under an external regulatory pressure a misstep might result in some form of fine or at least a public outing. With self regulation many things can be more easily wrapped up with "oops, butter fingers! sorry, won't happen again" and all that might be more readily kept internal rather that having some form of issue reporting requirement enforced by the regulations.