It looks like the new UK press regulation regime will both be voluntary and have teeth. It will have the power to impose significant sanctions on those who break their own rules.
So why can’t other industry sectors adopt this approach – alcohol production, gambling and retailing perhaps? At the moment, where self-regulation exists at all, it is weak and ineffectual like the Press Complaints Commission. If companies don’t like the rules, they either ignore them or change them. Not much to respect there.
What it took to change press regulation was a huge scandal. So can similar scandals in other sectors be avoided by establishing meaningful self-regulation first?