"We welcome and will assist in the implementation of regulation and oversight by an independent entity with the authority to sanction us, with penalties up to and including the dissolution of our company and pursuing company officers directly".

Very similar to the game theory experiment of having a piece of cake to cut: one person gets to cut, the other person gets to pick the piece they want. You have to handcuff yourself to doing the right thing. Your decisions about "being evil" then become easy; you simply can't pick those paths knowing you've locked in the consequences.