Reforming audit and governance – do the government’s plans go far enough? • High Pay Centre
https://highpaycentre.org/reforming-audit-and-governance-do-the-governments-plans-go-far-enough/
[The Washington Post] Perspective | The right formula for managing a socially responsible company? There is none.
Perspective | The right formula for managing a socially responsible company? There is none. By Steven Pearlstein https://www.washingtonpost.com/business/2020/10/05/shareholder-capitalism-business-roundtable-esg/
UK to become global leader in tackling famine?
This is an impossible dream when aid becomes a tool of foreign policy and a post-Brexit UK will be desperate to cozy up to all manner of suspect foreign leaders. https://www.theguardian.com/global-development/2020/sep/02/uk-will-lead-world-on-tackling-famine-and-covid-with-new-department-says-raab?CMP=Share_AndroidApp_Other
On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters
Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …
Wirecard fights for survival as it admits scale of fraud
Once again failed by auditors and rating agencies (investment grade until last week). Wirecard fights for survival as it admits scale of fraud – https://on.ft.com/311vflw via @FT
Drivers tell of chaos at UK’s privately run PPE stockpile
Drivers tell of chaos at UK’s privately run PPE stockpile Another outsourcing disaster. Due diligence was conducted? Really? https://www.theguardian.com/world/2020/may/14/coronavirus-uk-privately-run-ppe-stockpile-chaos-movianto?CMP=Share_AndroidApp_WordPress
The 1MDB scandal: what does it mean for Goldman Sachs?
The 1MDB scandal: what does it mean for Goldman Sachs? – 1MDB scandal: what does it mean for Goldman Sachs? I’m reading the book Billion Dollar Whale about 1MDB and if it’s to be believed culpability goes to the highest levels at Goldman – Cohn and Blankfein. It was at a minimum willful blindness. I …
Vanguard and the US financial system: too big to be healthy?
https://amp-ft-com.cdn.ampproject.org/c/s/amp.ft.com/content/9414052a-3142-11ea-9703-eea0cae3f0de
Sweeping overhaul to audit proposed by government review
Sweeping overhaul to audit proposed by government review – https://on.ft.com/36IhFD4 via @FT
NYTimes: Blame Economists for the Mess We’re In
Blame Economists for the Mess On the contribution of economists to persistent inequality. We’re In https://nyti.ms/2KUw5bm