They might need regulations, if they are for-profit companies with a responsibility to shareholders to maximize profit while sacrificing all other values.
This is not required to meet fiduciary duty, although it is a common misconception. The company officers and board have pretty broad leeway to run the company as they see fit as long as there is no fraud, illegal activity, or conflict of interests.
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...
The real problem is the governments acquiesce instead of putting them in their place.