Two times, Section B

Two articles, a page or two apart, highlight the old adage, “Loose lips sink ships.”

“Ford Admits Overstating Fuel Ratings,” Wall Street Journal, June 13, 2014 B1 http://on.wsj.com/1llASR4 Whether as a result of a testing mistake or otherwise, Ford has overstated the fuel economy of several of its car models. Some competitors may claim foul, as these numbers apparently sway consumers.

In a possibly unrelated event, “Supreme Court Allows Pom to Sue Coca-Cola,” Wall Street Journal, June 13, 2014, B3 http://on.wsj.com/1ls3UNz The Supreme Court allows a competitor’s suit against Coca-Cola to proceed, with allegations that Coca-Cola misled consumers about the amount of pomegranate juice in its “pomegranate blueberry flavored” juice, 0.6% percent of which was not either grape or apple juice.

Is this information governance? It certainly is the release of apparently faulty or misleading information to the market. And it allegedly hurt competitors. Is that on your risk matrix?

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Filed under Board, Communications, Compliance, Compliance, Controls, Definition, Duty of Care, Governance, Inform market, Management, Oversight, Risk, Use, Value

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