The Corporate Governance Camel

A camel looks like a horse that was planned by a committee. We just got around to reading the Commonsense Corporate Governance Principles that a diverse committee of 13 corporate insiders launched last week. Among the five corporate heavyweights, six humongous institutional investors, one big pension fund (from Canada?), and a single hedge fund, everyone gets a little something. The jumbled mess that results is hardly commonsense, and most of the time barely makes any sense at all.

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