Inspections are part of governance

“Theranos Failed Second Inspection,” The Wall Street Journal, January 18, 2017 B4.  The CMS (Centers for Medicare and Medicaid Services) inspected Theranos in late September, and a few days later “Theranos said it was exiting the medical-testing business altogether.”  Theranos failed the inspection.

If you don’t takes steps to monitor performance, it’s hard to make sure people are complying with all the applicable laws and regulations (and policies).  But we knew that.

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Filed under Board, Compliance Verification, Controls, Corporation, Duty, Governance, Government, Internal controls, Oversight, Third parties

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