New York Times (August 9)
“It’s important that regulators develop security rules for cars, which are becoming computers on wheels.” In the U.S., the National Highway Traffic Safety Administration should “start writing basic security standards that require automakers to test the software and make sure a car’s wireless system cannot be used to control the engine and brakes. The agency’s regulations on airbags, seatbelts and crash testing have helped save countless lives. New rules for software that operate cars could prove just as important.”
Tags: Airbags, Automakers, Cars, NHTSA, Regulators, Seatbelts, Security, Software, U.S., Wireless
Bloomberg (May 31)
“Recent scandals at Takata (deadly airbags) and Toshiba (dodgy accounting), and Sharp’s ongoing angling for a government rescue when it should be shedding unprofitable businesses, are a reminder of how far Japan still needs to go.” Despite recent governance reforms, “Japan remains 30 years behind its peers in how its companies are run. Corporate Japan still indulges in cross-shareholdings and permits itself male-dominated boards, and the country’s timid media does little to hold it to account.” Still, progress is being made. “Some companies are starting to display the behavior Abe wants, and for which” overseas fund managers have “been agitating.”
Tags: Abe, Accounting, Airbags, ata, Boards, Cross-shareholdings, Fund managers, Governance, Japan, Media, Reforms, Sharp, Toshiba, Unprofitable
