Gary Gensler, a former financial regulator, and Goldman Sachs banker, now at MIT, is rumored Biden’s choice to head the SEC. As head of the Commodity Futures Trading Commission (CFTC), he helped uncover interest-rate rigging on Libor, which underpins $300T in loans. Banks had to cough up $9B in fines. He pushed for transparency around derivative trading and […]
Participation by every American family in the market and in corporate governance is needed to address growing inequality, sense of powerlessness and slowing growth rate. As long as 84% of corporate stock is owned and controlled by 10% of Americans, corporations will not be trusted; nor should they be. (more…)
Guest Post by Shari Dunn is an attorney and journalist who is also a “True Believer,” Bon Vivant, Raconteur, Creative, Dreamer and Muse. Never believe that a few caring people can’t change the world. For indeed, that’s all who ever have. That’s one of Dunn’s favorite quotes from Margaret Mead. In this guest post (originally posted at […]
Daniel Lathrop and Laurel Ruma have edited a new volume, Open Government: Collaboration, Transparency, and Participation in Practice. Although the book is focused on civil governments, I found lessons here for corporate governance as well. For example, the chapter by Douglas Schuler discussed online deliberation, including the work of e-Liberate, which developed an online version […]