Advantages and disadvantagesAn organization can maintain control over the standards to which they are held by successfully self-regulating. If they can keep the public from becoming aware of their internal problems, this also serves in place of a public relations campaign to repair such damage. The cost of setting up an external enforcement mechanism is avoided.
Self-regulating attempts may well fail, due to the inherent conflict of interest in asking any organization to police itself. If the public becomes aware of this failure, an external, independent organization is often given the duty of policing them, sometimes with highly punitive measures taken against the organization. The results can be disastrous, such as a military with no external, independent oversight, which may commit human rights violations against the public. Not all businesses will voluntarily meet best practice standards, leaving some users exposed.
- American Bar Association (ABA) formulates model ethical codes related to the legal profession. The ABA has 410,000 members.
- Every state bar association in the U.S. is a self-policing organization.
- Canadian Disc Jockey Association
- Self-regulation dictionary definition, yourdictionary.com, retrieved October 2, 2015