{"id":195609,"date":"2008-06-26T23:02:00","date_gmt":"2008-06-27T04:02:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/26\/quis-custodiet-ipsos-custodes\/"},"modified":"2008-06-26T23:02:00","modified_gmt":"2008-06-27T04:02:00","slug":"quis-custodiet-ipsos-custodes","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/26\/quis-custodiet-ipsos-custodes\/","title":{"rendered":"Quis Custodiet Ipsos Custodes?*"},"content":{"rendered":"<p>Stanford University&#8217;s law and business schools just completed a <a href=\"http:\/\/money.cnn.com\/2008\/06\/26\/news\/companies\/watching_the_watchdogs.fortune\/index.htm\">review of the various corporate governance rating firms<\/a>, &#8220;which include the Corporate Library and RiskMetrics Group&#8217;s ISS Governance Services&#8221;, and conclude that their ratings on corporate governance have little to do with whether a company is actually well run.<\/p>\n<p>This is not surprising.  When we look at the credit rating firms such as S&amp;P, Moody&#8217;s, etc. we see a very similar pattern.<\/p>\n<p>A private ratings agency is always at risk from conflicts of interest.<\/p>\n<p><sup>*<\/sup><span style=\"font-size:78%;\">Most commonly translated from the Latin as &#8220;Who Watches the Watchmen&#8221;.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stanford University&#8217;s law and business schools just completed a review of the various corporate governance rating firms, &#8220;which include the Corporate Library and RiskMetrics Group&#8217;s ISS Governance Services&#8221;, and conclude that their ratings on corporate governance have little to do with whether a company is actually well run. This is not surprising. When we look &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,970,1009,985],"tags":[],"class_list":["post-195609","post","type-post","status-publish","format-standard","hentry","category-business","category-corruption","category-government","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195609"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=195609"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195609\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}