Posted by Lin Liye, Year 4 undergrad at the School of Economics, Singapore Management University

Bloomberg View columnist Barry Ritholtz interviews James Chanos, the hedge fund manager of Kynikos Associates. They discuss short selling and the excess of Wall Street. Masters In Business aired on Bloomberg Radio.

http://www.claytonutz.com/publications/edition/05_february_2015/20150205/new_governance_rules_make_audit_committee_a_priority_for_commonwealth_entities.page

Posted by John Soh Yong Ye , Year 4 undergrad at the School of Economics, Singapore Management University

Commonwealth entities should prepare for the 1 July 2015 deadline to appoint independent audit committee members.

The Public Governance, Performance and Accountability Act 2013 (PGPA Act) contains a number of significant changes in the governance of Commonwealth entities.

The accountable authority (secretary/board) of a Commonwealth entity must govern the entity in a way that promotes:
the proper use and management of public resources for which it is responsible;
the entity achieving its purposes; and
the entity’s financial sustainability. Continue reading →

http://www.wsj.com/articles/petrobras-ceo-and-5-other-executives-resign-1423055419

Posted by John Soh Yong Ye , Year 4 undergrad at the School of Economics, Singapore Management University

A corruption scandal at Brazil’s Petroleo Brasileiro SA has forced a management shake-up at the big state-run oil company, whose troubles are proving toxic for both President Dilma Rousseff and the nation’s economy. Continue reading →