oversight

Definition

A delightfully vague corporate term meaning either 'we're watching you closely' or 'we completely dropped the ball'—context is everything. The word's beautiful ambiguity lets management claim credit for vigilance while dodging blame for negligence.

Example Usage

The compliance team assured us that oversight of the quarterly budget was in place, which is why nobody noticed the $2M discrepancy until the audit.

Source: Common corporate jargon, Merriam-Webster

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