ADVERTISING: Regulation 1 LAWS AND ETHICS Two forms of oversight are: LEGAL What the law allows ETHICAL What we SHOULD do Ethics are usually the higher standard Violations of ethical principles results in laws 2 Avenues for Oversight •GOVERNMENT REGULATION: •[pass and enforce laws] •SELF-REGULATON: •Independent bodies [set standards] •Media companies [to accept ads] •OTHER: •Buyer Recourse [“caveat emptor”] 3 Government Regulation Federal laws Canadian Code of Advertising Standards Alcohol Food and Drugs Provincial laws Alcohol Regulations Credit and Loan Disclosures Unfair Trade Practices Act 4 Advertising Standards Canada 2001 Complaints 161 Upheld 321 To Council 833 Pursued 1164 Complaints 5 6 7 Quote of the day If you tell lies about a product you will be found out – either by the government, which will prosecute you, or by the consumer, who will punish you by not buying your product a second time. • David Ogilvy (Ogilvy & Mather) 8