This is how unnecessary regulation happens: Boards and CEOs do something stupid, that stupid action gets attention from the public, and government officials rush to promulgate some rule intended to prevent future instances of that stupid behavior in the future. That’s really all there is to it.
In some other world, some better world, senior corporate leaders exercise better judgment and these stupid actions don’t happen. In our world, however, they do happen—and you, the compliance executive, are the one left cleaning up the mess.
