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"Old institutions cannot adequately oversee new practices".
And who will adequately oversee these behemoths?
The board failed to adequately oversee management, especially in its dealings with the problematic partnerships.
The Federal Reserve faulted Citigroup for lacking "effective systems of governance and internal controls to adequately oversee the activity".
Or to adequately oversee executives, such as the Enron criminals, who were looting their companies in the years before 2002?
The PRA said he did not adequately oversee the corporate loan book the Co-op took on when it merged with Britannia in 2009.
Similar(34)
In June 1999, the federal General Accounting Office accused HUD of "not adequately overseeing key aspects of the 203(k) program".
That leaves older adults and their families without the means to check whether agencies are adequately overseeing their caregiving staff.
Congressional investigators are also looking at whether the Obama administration adequately oversaw the granting of the loan.
Already incoming Democratic chairmen are planning hearings on the conduct of the F.B.I., Mr. Bush's plans for a missile defense shield, rising gasoline prices, food safety, and whether the Federal Energy Regulatory Commission has adequately overseen electricity prices.
One of the conservationists' concerns about the live trade is that there isn't an independent body that adequately oversees these animals once they are captured and ultimately exported.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com