New broom sweeping

“Goldman Shakes Up Top Ranks In Asia,” The Wall Street Journal, October 22, 2018 B3.  Following appointment of a new CEO for Goldman, two chiefs of investment banking being moved out of management roles following a corruption scandal of unreported dimensions in Asia.

It’s unclear from this article whether this is just a normal change (therefore just a Governance issue, with the new CEO exercising his authority in the early days) or is somehow connected to the corruption scandal (and therefore somehow a consequence of some Compliance failure).

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Filed under Controls, Governance, Internal controls, Oversight, Who is in charge?

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