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Do You Know What Your Company’s Data Is Worth?

Harvard Business Review

These costs – and the risks to the broader economy — are high enough that we expect the inclusion of EvD to soon become a requirement in corporate accounting. Meaningfully defining EvD will help ensure that corporate accounting and risk management standards take into account present day realities.

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Can JP Morgan Transparently Police Itself?

Harvard Business Review

What makes this case of corporate accountability so important is that it is a discretionary matter of "private ordering" under JP Morgan risk management policies, not under a mandatory rule contained in Dodd-Frank. Risk for one part of the bank might not be appropriate for another part of the bank.

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Citigroup: A Symbol of Board Resurgence?

Harvard Business Review

This task goes to the fundamental question of public policy and private ordering about the corporation: how shall its leadership be held accountable and to what standards? All this in addition to stiffening of long-standing regulation of markets [e.g. antitrust and securities laws] and externalities [e.g.

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The Political Case Against Out-Sized Executive Pay

Harvard Business Review

I believe that the purposes of the corporation today are threefold: creation of durable value for shareholders and stakeholders through sustained economic performance; sound risk management; and high integrity. customer satisfaction, risk audits, adherence to company ethics). (See

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Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?

Harvard Business Review

These sectoral scandals raise profound issues for business leaders: in a highly competitive global economy, in which some sectors are flooded with money, how do you assess sector-wide integrity risks and achieve a culture of corporate accountability before , not after, bad behavior occurs?