How can society affect the behaviour of corporations?
This lecture will examine the empirical evidence supporting theories of deterrence and economic rational acting, and finds little support for their effectiveness in affecting behaviour in private enforcement in USA and public enforcement of competition law by the European Commission.
It will then summarise findings of behavioural psychology and empirical socio-legal research supporting responsive regulation theory, and note widespread adoption of those approaches in the enforcement policies adopted by British public regulators.
It will then note that regulatory systems require the collaboration of public and private actors; that leading systems, notably aviation, adopt an open no blame culture; and that the financial services regulatory system requires an ethical culture. It concludes by proposing a new policy for public enforcement: ethical regulation.
Prepared comments
Prepared comments will be presented by
- Professor Tom J. Stipanowich, Pepperdine University School of Law, California
- Professor Sverre Blandhol, Faculty of Law, University of Oslo.
Fields of interest
This lecture will be of particular interest for those dealing with public regulation and compliance, tort law and alternative dispute resolution.
Open event
This event is open for everyone.
Refreshments will be served in Eckhoffs hjørne, Domus Bibliotheca, after the seminar.
Welcome!