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In Iraq, the prime minister, Nouri al-Maliki, created a governance vacuum.
This has created a governance and rule of law vacuum, resulting in a climate of impunity for crimes against humanity to be perpetrated over a quarter of a century.
"In a first concrete step towards implementing that vision, the board [of directors] has created a governance working group composed of former or current heads of international scientific organisations," an HBP press release issued today said.
Instead, authorities accepted a romantic notion that client ownership would create grassroots accountability, but this actually created a governance void.
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"The important thing is how to create a governance structure".
"How do you create a governance structure for what is basically a private sector function?" he asked.
According to the attorney general's statement, A.I.G. will create a governance committee to set new expense management controls and will issue a new guidebook on its expense policy.
How to create a governance structure that is truly independent of bureaucrats in Brussels--unlike the E.U.'s current research funding system--yet accountable and somehow geographically balanced is another unresolved key issue.
The reformists involved in that movement created a new governance model for local government.
Of course, this isn't the first time investors have found a legal way to skirt the rules — and in the process, created a corporate governance nightmare.
The shareholder value revolution of the 80s created a corporate governance model that rewards quarterly returns over investments in the productive capacity of companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com