Andrew Lockhart, co-founder of $40 billion private credit fund Metrics, has stated that investors may be entitled to remediation following a delayed audit that resulted in downward valuation adjustments across its ASX-listed funds and a suspension of redemptions in its underlying products. The asset manager's governance processes will also undergo a review after a routine KPMG audit triggered a series of events that have significantly impacted investor confidence in Australia's largest private credit manager. The audit delay led to a reassessment of fund valuations, causing a temporary halt in redemption requests from investors. This situation has raised concerns about the transparency and operational procedures within Metrics, particularly given its position as a major player in the private credit sector. The company has not yet specified the exact nature or extent of the remediation that may be offered to affected investors, but Lockhart emphasized the importance of addressing these issues to restore trust. The governance review aims to identify and rectify any procedural shortcomings that contributed to the audit delay and subsequent market disruptions. This development comes amid growing scrutiny of private credit funds in Australia, with regulators and industry observers closely monitoring how such firms manage their financial reporting and investor communications. Metrics, which manages a substantial portion of the private credit market, faces increasing pressure to demonstrate robust governance practices that align with industry standards and regulatory expectations. The company's response to this crisis will likely influence broader industry practices and investor confidence in the sector. As the review progresses, stakeholders are awaiting further details on the remediation process and the timeline for implementing governance improvements. The situation underscores the critical role of timely and accurate financial reporting in maintaining market stability and investor trust within the private credit space.

Staff identified 24 small systems (initially 29) under review for possibly optimistic capital-market assumptions and proposed a tiered list. Committee asked staff to prioritize Tier 1 systems for additional research and outreach and requested a list of systems with older investment policy statements.

Board reported an unusually positive Moody's rating interview that highlighted strong local governance and could affect a pending decision on whether to sell bonds after an upcoming referendum; the board expects a rating outcome in about two weeks.

The council referred a comprehensive review of council rules to Charter and Rules, asked the law department to weigh data-center ban vs. moratorium, and sent several other orders—including a voter-engagement initiative and grant/transfer items—to appropriate committees.

Koochiching Economic Development Authority approved its final budget after staff said there were no changes since the preliminary review. Directors and members set a bylaws review for Nov. 25 and confirmed a $15,000 facility-improvements reserve.

After receiving a letter from CareerSource Florida raising performance and fiscal concerns, Polk County commissioners voted to temporarily remove CareerSource Polk's executive director (named in discussion as Stacy Campbell) without compensation and authorized a procurement deviation to hire an expert for a governance and management review.

The governance committee said it has retained outside counsel to review board structure and introduced four trustee candidates (Katie Anderson, Alex Barsk, Nuria Rodriguez and Dr. Walter Boyd) for 2026-27; the full slate was approved by the board.

NYSAC recommended Westchester ask senators to support continuing-resolution language delaying the OMB rule and to inventory county grant relationships, assess E-Verify readiness, and strengthen documentation to prepare for potential changes.

In response to criticism, Metro Vancouver Regional District will shrink the size of its board, and create new oversight for big projects.

The process was initiated following the controversy surrounding Roger Randle.

Munster head coach Clayton McMillan has welcomed the province's review into its governance and structures as the fallout from the Roger Randle saga continues.

Munster Rugby has confirmed it has commissioned an independent review into the organisation's governance structures, as the fallout from the Roger Randle saga continues.

The news comes following a turbulent couple of months for the province.

At its June 23 meeting the Durango School District No. 9‑R board approved the 2026–27 budget, adopted a TIF agreement for Durango Crossings, accepted federal consolidated grant applications, approved an EV bus purchase funded by a grant plus bond proceeds, and adopted a simplified after‑action review process while agreeing to follow up on governance boundaries.

At a Committee of the Whole session, the Flint Board of Education moved to pay an emergency services invoice and approved replacement of a heat exchanger at Southwestern; trustees questioned a $131,640.30 invoice to Genesee Health Plan and a roughly $17,000 charge from the City of Flint and recommended a legal review of payment practices.

Chief Auditor Paula Rivera presented the audit office's status and a risk-based plan emphasizing contract compliance, procurement schedule management, governance and workforce planning; Chair Steve Kawa asked that the governance review include the board itself and Rivera said that addition is within scope.

Metro Vancouver Has a Governance Review. But Can It Rebuild Public Trust?