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Many of the biggest corporate derailments in America during recent decades—among them General Motors, W.R. Grace, Morrison Knudsen, Occidental Petroleum, Westinghouse and Sears, Roebuck---had one serious governance flaw in common: in each of those companies the chief executive was also chairman of the board.
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But the review will now look into whether that success was hiding some major governance flaws.
That brings echoes of the kind of governance flaws surrounding a deal two years ago in which J Crew's chief executive, Mickey Drexler engineered a personally beneficial sale of the company to two private equity firms.
Instead, it is passively defined as a technical flaw in governance, its horrors disguised in legalese.
A central flaw of governance is that boards of directors frequently are ornamental and provide negligible oversight.
Instead of the insistence on Indigenous Peoples becoming willing partners in flawed governance systems, much work is needed to continue to address these significant flaws and failings, and to critically challenge the status quo.
It is that the entire sports governance system is deeply flawed, from root tips to the top table.
There is plenty of room for substantive critique of the flaws in governance and policy uncovered by the Deepwater Horizon blowout.
When it became clear the bar had not been crossed, the selloff accelerated.Of course, the selloff is not all about America: flaws of governance and policy have been gnawing away at many emerging countries for years, notably Turkey, Venezuela, Argentina and Russia.
Constrained by a one-year non-compete agreement with Marsh from conducting any Kroll-type business, but now unconstrained by the client interest and discretion that had always restricted his role in public debates, Kroll began to speak in lectures and interviews about failures of corporate governance and the deep flaws of standard investment models.
He said the crisis had exposed a flaw in international governance, with any one of the security council's five permanent members able to veto a decision.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com