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Netflix and Berkshire Hathaway share this management philosophy that could save your company millions

The litany of prominent corporate failures in the last decade—Enron, WorldCom, Lehman Brothers, and so on—ushered in an increase in regulatory requirements for corporate governance. The result is that every year, companies spend tens of millions of dollars on incentive compensation, director salaries, audit fees, internal auditors, and compliance efforts to satisfy a long list of rules, regulations, and procedures imposed by legislators and the market.

via Netflix and Berkshire Hathaway share this management philosophy that could save your company millions – Quartz.

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