Russia is one of the most corrupt nations in the world (see a recent anti-corruption story on Russia by the New York Times). It ranks 143rd of all 182 countries on Transparency International’s corruption perception index, with a score of …
Financial Reporting
New financial services governance guidelines for Canada: Analysis & summary
The proposed OSFI corporate governance guidelines have been criticized for blurring the line between the board and management and for adopting a ‘one sized fits all’ approach. This is hardly surprising, and is the criticism to many governance regulations over …
Derivatives May be Ungovernable
The recent loss of 2Billion dollars by JPMorgan confirms what is now a blindingly obvious governance reality. Board of directors do not understand derivatives and cannot control management’s use of them. The same may be said for regulators. One job …
Alleged Fraud at York University
A few questions: 1. When Navigant was retained in 2009, was this firm retained by, and accountable to, a Special Committee of only independent Governors of York U, or by Management? Best practice, generally, would be that an independent committee …