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This is why, if you're in upper management and concerned with long-term corporate health, you WANT a regulator (or, better, internal auditor) with real teeth. I
by rconti 7y ago
This is why, if you're in upper management and concerned with long-term corporate health, you WANT a regulator (or, better, internal auditor) with real teeth. It's by design that you're going to put pressure on teams to perform and meet high expectations. You need someone to check and validate the output of those expectations before it blows up and kills someone.
- rectang 7y ago> (or, better, internal auditor) An internal auditor will forever be at risk by executives focused on the short-term. So long as executive compensation is decoupled from long-term health, no auditor can endure — eventually somebody's going to force out the auditor for the sake of padding their paycheck. This is unfortunate because external regulation introduces lots of inefficiencies.
- rconti 7y agoRight, I meant "better" from the perspective of the execs :D There's a lot wrong with external regulation, as you indicate, but it's often (sometimes? always?) the least bad option.