Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

Civil society's demand to appoint Kiran Bedi as the next Chief Information Commissioner has started an interesting debate. It has several dimensions. One section of media, albeit very small, is projecting that there is intense lobbying going on for Bedi. The word "lobby" has unholy connotations and at times, implies vested interests. Is it that one day I, Aamir Khan, Anna Hazare, Subhash Chandra, Baba Ramdev, Madhu Trehan, Shabana Azmi,...