Foxes and hen houses

“McKinsey Broke the Rules, Now It Wants to Rewrite Them,” The Wall Street Journal, April 12, 2019.  Company that was fined $32 million for failing to disclose conflicts to write the rules for industry.

It makes sense, in a strange way, to have the person who violated the existing rules and got caught, to write the new rules.  Who knows the loopholes better?

But why does a single federal judge get to make this decision for all the bankruptcy courts?  That’s the province of the Supreme Court.

So, Governance, Information, and, after a fashion, Compliance.

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Filed under Theme One: Information, Theme Three: Compliance, Theme Two: Governance

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