Catching up, again, part 4

Hopefully, building on the last three posts9https://infogovnuggets.com/2019/01/04/catching-up-again/ , https://infogovnuggets.com/2019/01/04/catching-up-again-part-2/, and https://infogovnuggets.com/2019/01/04/catching-up-part-3/, this will close out 2018.

  1. Fake news

    “Journalist at Center of False-Reporting Scandal Faces New Allegations Over Donation Requests,” The Wall Street Journal, December 24, 2018.  The first paragraph says it all: “German magazine Der Spiegel said it would file a criminal complaint against a former star writer who admitted falsifying reports, after discovering that he also appeared to have set up a fake charity operation for Syrian children.”  One can only assume the paper had a policy about not making up stories, or not fleecing the readership.

  2.  Morally but not legally guilty.

    “JD.com Founder Faces Backlash at Home: ‘Behind the Law is Morality,’” The Wall Street Journal, December 24, 2018.  Even though released and after the closure of a three-month investigation into a rape allegation, the founder of a large ecommerce business in China is still getting hammered in the Chinese press (and, one might imagine, at home).  Is that Governance, or Compliance?  How does Compliance deal with an accusation that is not sustained?

  3. Libor was information, too

    “UBS to Pay $68 Million to Settle State Libor-Manipulation Claims,” The Wall Street Journal, December 24, 2018.  Goes back to the 2008 charges of mucking about the the benchmark London Interbank Offered Rate, used a lot in loans and such.  Two aspects here, first dealing with the use of a number derived from supposedly unbiased people to govern “your” deal, and, second, the cost of non-compliance, even if long-delayed.

  4. Which was it?

    “Maintenance Lapse Identified as Initial Problem Leading to Lion Air Crash,” The Wall Street Journal, December 26, 2018.  Maybe it was not improper or inadequate training; maybe it was improper maintenance.  Investigation into crash of Lion Air continues.  Highlights the difficulty of establishing the facts after the fact.  So much information.

  5. Why do you track the numbers if you don’t use them?

    “Psychiatric Hospitals With Safety Violations Still Get Accreditation,” The Wall Street Journal, December 27, 2018. What exactly does “accreditation” mean, if you can have a bunch of serious violations?  The failure rate is about 1%, and nearly all the inspections are by one company.  This is primarily an Information point, on the failure to make use of the available information, or the failure to make it available. And does the government exercise appropriate oversight/governance given the amount of federal funds involved?

  6. Resume errors

    “Acting Attorney General Matthew Whitaker Incorrectly Claims Academic All-American Honors,” The Wall Street Journal, December 27, 2018.  The Acting AG apparently made this error consistently on his resume for years; he wasn’t an Academic All American; instead he was a District VII All District selection.  If he were genuinely confused about what he was awarded, this makes some sense.  But one would have thought that somewhere along the way this would have been discovered.  Is that Information or Governance?  If it were an employee at your company, what would be the sanction?

  7. Information vacuum

    “Commerce Department Won’t Publish Data During Shutdown,” The Wall Street Journal, December 27, 2018.  One wonders what the consequences will be of the absence of this data.  The article says, “Investors often depend on these reports to make trades, which affect stock values, bond yields and the value of the dollar. Businesses use them to make investment planning decisions. Federal Reserve officials depend on them to make interest-rate decisions that ripple through the economy.”  If you rely on a third party for key information, what do you do when you can’t get it?  What’s Plan B?

  8. Who owns the artwork?

    “‘Absolute Control’: Cuba Steps Up Artistic Censorship,” The Wall Street Journal, December 27, 2018.  Cuba severely restricts an artist’s ability to make money from his or her art.  Sure, this is Governance, but is art also Information?

  9. How does your doctor make referrals?  I want to know.

    “The Hidden System That Explains How Your Doctor Makes Referrals,” The Wall Street Journal, December 28, 2018.  Apparently, there are processes in place that might influence your doctor’s judgment.  Would you want to know that?  Is there an ethical issue (Governance/Compliance) that surround this information and how it is used?  Is this conflict disclosed to you?  Adequately?  Do the insurers (who have money in the game) push back on this enough?

  10. Statements on Twitter aren’t facts?

    “Elon Musk Says Pedophile Accusation Against British Man Was Protected Speech,” The Wall Street Journal, December 28, 2018.  Calling a cave diver rescuing boys in Thailand a pedophile is at the heart of the suit against Elon Musk.  Does Twitter have no rules with which one must comply, and no one to enforce those (non-)rules?  Or do we have systems of Compliance and Governance that punish libelous statements, broadly published, regardless of the media/medium?

  11. Ouch

    Wells Fargo to Pay States About $575 Million to Settle Customer Harm Claims,” The Wall Street Journal, December 29, 2018.  More fallout from the account cramming and related scandals.  Total payments so far: ~$4 billion.  Cost of compliance, or cost of poor governance.

 

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Filed under Access, Accuracy, Analytics, Collect, Compliance, Compliance (General), Controls, Corporation, Data quality, Definition, Directors, Duty, Employees, Governance, Information, Internal controls, Lawyers, Management, Ownership, Use, Value

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