As customers, employees, and regulators are looking to hold company boards and officers personally liable for damaging misconduct in the wake of risk governance failures, industry supervisors face heightened scrutiny from injured consumers, loss-suffering investors, and irate legislators and voters in a new era of accountability.
Observations
Nov 12, 2024ICYMI: In an interview with the Financial Times earlier this year, author Dan Davies discussed his book The Unaccountability Machine, in which he argued that corporate and financial systems are designed to deflect personal responsibility, turning companies into “accountability sinks.”
Observations
Sep 11, 2024Sweden's largest pension fund, Alecta, has spent much of the past year improving governance, risk management, competence, and culture after suffering a $2 billion loss in 2023 due to its investments in collapsed US regional banks, including Silicon Valley Bank (SVB).
