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this post was submitted on 01 Nov 2023
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Why should the government have to mandate anti-theft devices? Surely the manufacturer should do the right thing regardless of legislation. Hyundai/Kia failed here, not the government (for once).
A company has only one legal responsibility: To generate as much profit for their shareholders as possible.
If they are not forced to do something that will add costs, they will not do it.
The role of government is to pass laws to force companies to do what is in the best interest of the country's citizens.
Even that is not really their legal responsibility… if you’re thinking of their fiduciary duty, that means there is a responsibility to act in the best interests of the corporation & shareholders (rather than, eg, putting personal gain forefront). “Best interests” doesn’t necessarily mean “make the most money possible right now”, particularly if it can be argued that there would be long term damage to brand reputation etc by doing so.