Wouldn't a company feel more in control following it's own regulations, rather than the governments?
Although a company would feel more in control following it's own regulations, if these were the only regulations that the company had to follow, it is possible that these would be incredibly biased based off of the companies wants and needs, and thus be skewed and corrupt, catering to these needs and ignoring equally important issues that would hinder the profitability of the corporation. Nevertheless, both types of regulation keep a healthy balance.
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