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In due course it might well be argued that the act was right to make the relationship between auditors and their "clients" more distanced and adversarial but then went far beyond what was necessary in that respect by, among other things, imposing responsibilities on CEOs that they are not, in fact, in a position to discharge.
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"I think this is clear from the attacks that are made not just on our court but even on national courts, where they take a decision which is unpopular: the problem is always seen in terms of the Human Rights Act which grants rights but doesn't actually impose responsibilities on the individual.
"Politicians don't seem to realise that the more you impose responsibility on schools the more they need that support.
That imposes responsibility on you – we're conscious of our social power, what we represent – but joy too.
He predicted that many more states would soon "jump on the bandwagon" to impose new responsibilities on employers.
"This imposes certain responsibilities on Israel as the center of Jewish culture, literature and religious thought," Mr. Eizenstat said.
There was no dispute that the law, the Employee Retirement Income Security Act of 1974, imposes fiduciary responsibilities on employers and other sponsors of retirement plans.
Because weak national public health capabilities undermine efforts to strengthen global public health security, IHR (2005) imposes substantial responsibilities on countries to improve public health capacity and infrastructure.
This duality imposes unique responsibilities on researchers to ascertain the child's wishes, the weight of these wishes relative to the child's age and maturity, and the lengths to which paediatric participant rights must be safeguarded.
Imposing actionable responsibilities on investors would reverse the incentive structure of FTAs, ensuring that sustainable development is the overarching objective of the agreements in fact, not only in law.
But the SEC, with weak leadership, has done as little as possible to hold anyone accountable for the crash, while the Department of Justice has dodged one opportunity after another to impose meaningful responsibility on big corporations and their executives.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com