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We need to strengthen governance at the local level.
But the failure of governance at others was of epic proportions.
Mr Jang is a crusader for better corporate governance at the chaebol.
"The breakdown in corporate governance at Educational Housing Services was stunning," Mr. Schneiderman said.
"It's your father who's been in charge of corporate governance at News Corp.," he said.
Alas, the sacking is not, in fact, an example of good governance at work.
He also called for stronger "economic governance" at the E.U level.
He claimed that his plan had been undermined by the dysfunctional corporate governance at Airbus.
The economy faces other enormous challenges, including corruption and dismal corporate governance at Chinese enterprises.
The scandal is the biggest symptom of weak governance at News Corporation.
JOHN ALAN JAMES New York The writer is a professor of corporate governance at Pace University.
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