This more or less originated with the unfortunately named MS Herald of Free Enterprise sinking (https://en.wikipedia.org/wiki/MS_Herald_of_Free_Enterprise) - after that incident, regulators decided that maybe they didn't want enterprise quite as free as all that, and cracked down significantly on shipping operators (though the attempt to prosecute its execs for corporate manslaughter did fail).
This more or less originated with the unfortunately named MS Herald of Free Enterprise sinking (https://en.wikipedia.org/wiki/MS_Herald_of_Free_Enterprise) - after that incident, regulators decided that maybe they didn't want enterprise quite as free as all that, and cracked down significantly on shipping operators (though the attempt to prosecute its execs for corporate manslaughter did fail).