WHOOLC member Howard Woolley shares his insight and guidance in his article, “Public Policy, Regulatory Risk and the Need to Engage.” Here’s an excerpt from the essay.
“Chief Executive Officers, and the boards that govern their corporations, understand the need to protect their companies against marketplace, technological, financial and legal risks. On public policy and regulatory risk issues, they may settle for passive “monitoring” of Congress and the regulatory agencies to “prevent bad things from happening.” That should not be enough to address this critical area of public policy and regulatory risk. Companies that prefer not to engage with the very regulators who create the rules of the road for their industry are playing a risky game.”