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Whether you're talking about corporate governance or our current flirtation with autocracy or about a cult who have moved off the radar onto an island somewhere, what you're dealing with is the danger of unchecked power.

It also directs Edison “to take all necessary actions” to reform its corporate governance procedures, comply with all laws and protect the company and its investors “from a recurrence of the damaging events.”

The regulator would set out mandatory conditions for clubs to meet, relating to corporate governance and financial reporting.

Republicans and conservatives express a narrower concern — they grouse that passive fund managers push a liberal agenda on corporate managements, especially in “ESG” categories, the environment, social issues and corporate governance.

An Oxford-educated academic, she has a background in financial market regulation and corporate governance.