I recently read a fascinating Wall Street Journal article by Raymond Zhong, a Delhi-based reporter, about regulating global financial markets. I’m by no means a finance person; what caught my interest were the insights relevant to education and how we oversee and regulate schools.
Zhong presented leading theories from Andrew Haldane and others about how to most effectively regulate global financial institutions in a way that minimizes costly and onerous reporting and maximizes strong, viable, and productive financial firms. I thought there were important lessons for charter authorizing, which is becoming more and more process-oriented and risk-averse. Districts and state education agencies that are serious about promoting innovation and managing performance should pay attention to four lessons from Zhong’s piece.