The Transcendent Governance Lessons of GM’s "Valukas Report"
NYSE Governance Services
Michael Peregrine wrote this bylined article on the Valukas Report, conducted by outside counsel for the General Motors board to determine the reason for the years-long delay in recalling vehicles with faulty ignition switches. By identifying issues of neglect, inaction and lack of accountability, Mr. Peregrine wrote that the Report provides “important governance lessons on the potential frailties of risk management systems. These lessons speak to reporting breakdowns and cultural barriers that can arise within any organization.” Read the full article.