Organised irresponsibility? How lawyers can make it worse

Lawyer Watch

This morning the too big to manage arguments about HSBC again hitting the newspapers. Robert Jenkins, a former banker and member of the Bank of England’s Financial Policy Committee and now a senior fellow at the Better Markets lobby group has called on the Chairman of HSBC to resign in the FT.  The too big to manage argument always strikes me as a bit of an odd one.  If there is a problem in a sub-part of an organisation, selling off that sub-part will not make it better managed, it will just distance the parent from the problem. And if the parent cannot manage its sub-parts, it is not immediately obvious why getting rid of one bit of it will help.  True, it may reduce the load, so a board required to scrutinise (say) 23 sub-parts only has to scrutinise (say) 22 next time – but the more pressing issue…

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