Netflix Updates Corporate Culture Memo, Adding Anti-Censorship Section and a Vow to ‘Spend Our Members’ Money Wisely’

Netflix loves to tout its culture of avoiding rules and minimizing corporate red tape. But of course, the company does have operating guidelines, famously detailed in the Netflix Culture document posted on its website. Co-founder Reed Hastings even wrote a 2020 book elaborating on the principles, titled “No Rules Rules: Netflix and the Culture of Reinvention.”

Netflix Updates Corporate Culture Memo, Adding Anti-Censorship Section and a Vow to ‘Spend Our Members’ Money Wisely’

H/T: After subscribers quit, Netflix tells activist employees it’s time to support free speech

US takes new step on delisting Chinese companies from stock exchanges for audit violations

US takes new step on delisting Chinese companies from stock exchanges for audit violations

The audit requirement, established in 2002, has been applicable to all foreign companies that seek to issue public stocks in the US. According to the SEC, China and Hong Kong are the only country or territory that house companies refusing to abide by the rules.

Really?!