Topic 5 Regulating Corporate Social and Environmental Reporting Corporate Social and Environmental Reporting continues to be voluntary in most parts of the world, however, organizations continue to disclose more information than is required in their Annual Reports. Nevertheless, critics have argued such information is still seriously lacking, both in terms of quality and quantity and have made calls for direct government regulation. Evaluate the pros and cons of direct government regulation of Corporate Social and Environmental Reporting, relating it to a local context. Are mandatory rules possible and desirable?