ABSTRACT

A further reason why regulatory weakening may occur is the fact that industries in anumber ofcountries are pressing their governments for some form of regulatory relief, such as less stringent monitoring of environmental regulations, for firms which are certified to the ISO 14001 standard.20 Governments in North and South alike, including those in the USA, Argentina, South Korea, and Mexico, are responding with a variety ofmeasures which take ISO 14001 certification into account in the monitoring and enforcement of regulations.21 While these developments may make it easier for firms to comply with legal requirements in the country in which they operate, it could serve to weaken the existing regulatory framework in those countries if they cease to monitor and enforce regulations for companies which are ISO-14001 certified.