Does Corporate “Self-Regulation” Work?

FDA may be moving beyond traditional "command and control," but there are limits on what to expect from any industry. A recent study suggests that FDA employees can expect their Agency to exist for a long time to come. Michael Toffel at Harvard Business School's Tech and Operations management unit looked into corporate self policing using EPA's "Audit Policy" for environmental regulations as an example.  He found that facilities were most likely to self disclose if they'd recently undergone an inspection/were cited for violation, and if they were provided with immunity from prosecution.  For an executive summary and copy of the report, click here. -AMS