In industries where government oversight is extensive—such as financial services, pharmaceuticals, freight rail and insurance—the idea of industry self-regulation may seem unnecessary or redundant.

We can all feel caught between our long-term goals or desires and our short-term cravings or desires. Whether it’s a fitness/weight-loss goal versus a sweet dessert now or a career goal that requires ...

Industry self-regulation, a form of “soft law,” has long been a key element in the governance of the U.S. economy, offering businesses a vehicle to establish and enforce standards that enhance ...