Really responsive regulation
Baldwin, Robert ; Black, Julia
LSE - London
2007
48 p.
law ; regulation ; corporate governance
LSE Legal Studies Working Paper
15
Law
http://dx.doi.org/10.2139/ssrn.1033322
English
Bibliogr.
"Really responsive regulation seeks to add to current theories of enforcement by stressing the case for regulators to be responsive not only to the attitude of the regulated firm but also to the operating and cognitive frameworks of firms; the institutional environment and performance of the regulatory regime; the different logics of regulatory tools and strategies; and to changes in each of these elements. The approach pervades all the different tasks of enforcement activity: detecting undesirable or non-compliant behaviour; developing tools and strategies for responding to that behaviour; enforcing those tools and strategies; assessing their success or failure; and modifying them accordingly. The value of the approach is shown by outlining its potential application to UK environmental and fisheries controls. We recognise that putting the system into effect is itself challenging but argue that failing to regulate really responsively can constitute an expensive process of shooting in the dark."
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