My company sponsored the WordCamps in Beijing and Shanghai a few years ago. We gave both cash and in-kind support, and the organizers gave us **nothing** in what they promised to us in relation to media exposure and gratis tickets for my staff. It was a clusterf$#@.

Because of that, I pulled any future support of WordCamps. They were great events for attendees, but unprofessional and too novice for me to support anymore as a company. It was a very bad experience (Mullenweg attended, though, which was nice) for our company and staff.

Therefore, I think MORE oversight form the WordPress Foundation would be very good. Too many novices with great heart but perhaps little professional experience running these things makes companies like mine hesitant to get involved. It also leaves a bad taste in my mouth for supporting any other WP-endorsed activities.