“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.