Magazine edition:
Regulatory partnerships between government regulators and
industry evolved in the 1990s as a way of increasing compliance
while reducing administrative burdens.
Several recent high profile cases have put into question the benefits of such partnerships. In a Washington Post article, “How the Minerals Management Service’s Partnership with Industry Led to Failure,” the authors chronicle the evolution of the Minerals Management Service (MMS) and the unusual relationship it cultivated with the industry it was charged to regulate. In the end, the article points out that “industry innovation, as it often does, had outrun and overpowered the government’s regulatory prowess, with disastrous results. They were partners, but they were not equals.”
Sort - page:
1
