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The agency hopes companies will voluntarily adopt its labeling system, although it has yet to provide details of what that system will entail.
Paul Roberts notes that there is no chance that Americans and Europeans will voluntarily adopt a Cuban model of food production.
Such an independent authority could also promote good governance by disseminating a code of good practice and accrediting NGOs that voluntarily adopt these principles.
An alliance of government watchdog groups has delivered 100,000 signatures to the Supreme Court along with a letter from law professors calling on the justices to voluntarily adopt the code of conduct that applies to all other federal judges.
As a result, Mr. Feinberg will merely propose that the banks voluntarily adopt a "brake provision" that would allow their boards to nullify or alter any bonus payouts or employment contracts in the event of a future financial crisis.
States, however, can voluntarily adopt standards, so Ravitch, at the Education Department, awarded nearly ten million dollars to groups of teachers and scholars to develop a voluntary national curriculum.
Similar(26)
First, voluntary adopters should benefit from prior adoption; otherwise, they would not have voluntarily adopted these standards in advance.
Our first analysis consists of observations for all firms that voluntarily adopted the new rules and for mandatory adopters.
Several companies have voluntarily adopted "say on pay" policies.
JPMorgan Chase has voluntarily adopted a new, straightforward disclosure policy.
Some companies have begun voluntarily adopting safety enhancements.
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