Corporate monitorships have been in the news a lot lately. From the Department of Justice’s decision to terminate the Glencore monitorship early; to months of headlines about a proposed monitorship associated with Boeing’s guilty plea in the 737 Max criminal case. And so, in this episode of The Better Way?, Zach and Hui, along with special guest Todd Haugh, an associate professor at Indiana University’s Kelley School of Business, ask, well . . . what the heck is going on!?

They also dive deeper into a recent paper co-authored by Hui and Todd called, “Remaking Monitorships: A First Principles Approach to Monitor Effectiveness.” In their paper, and in this discussion, Todd and Hui make the case for improving, not eliminating, monitorships. Topics include defining monitorships (which is trickier than you might think); the importance of measuring monitor effectiveness; the need for multidisciplinary monitorship teams; and an ongoing debate about diversity, equity, and inclusion in the monitorship space.