New York Times (June 26)
“The ouster of the chairman, Osamu Nagayama, 74, represents a major win in a battle between Toshiba and foreign investors who have pushed the conservative company to clean up its governance. It is also a breakthrough in a broader effort to increase investor oversight of Japanese corporations, following a series of government-led changes meant to make companies more transparent and accountable.”
Tags: Battle, Breakthrough, Chairman, Clean-up, Conservative, Foreign investors, Governance, Government, Japanese corporations, Nagayama, Ouster, Oversight, Toshiba, Transparent, Win
Reuters (June 9)
“Like the banking system, the internet looks simple from the outside but is really an elaborate patchwork. Tuesday’s outage involving Fastly (FSLY.N), a so-called content delivery network, is a reminder for people with their lives in the cloud that pieces of the puzzle can fail. And unlike with banks, there’s little government oversight and no backstop, so it’s good for users to be reminded that instant online gratification is not guaranteed.”
Tags: Banking system, Cloud, Content delivery, Elaborate, Fastly, Government, Internet, Network, Outage, Oversight, Patchwork, Simple
New York Times (August 22)
“A string of recent scandals has shown that the United Nations has been unwilling to police itself, learn from its errors, correct course and make amends. When a new secretary general takes over next year, she or he should make it a priority to revamp the organization’s oversight entities and create a culture of accountability.”
Tags: Accountability, Culture, Errors, Oversight, Scandals, Secretary general, UN
The Economist (November 2)
“America will not and should not stop spying. But a clearer focus and better oversight are needed to restore trust.”
New York Times (January 20)
“A detailed report put out by JPMorgan Chase last week on how it lost $6 billion from ill-fated trading in 2012 should be required reading for policy makers and financial executives. The 129-page document serves as a case study of how excessive complexity and poor oversight still threaten many parts of the financial system more than four years after the failure of Lehman Brothers.”
Tags: Complexity, Financial system, JPMorgan Chase, Lehman Brothers, London, Oversight, Trading loss
