The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Agenda for Financial Crisis Inquiry Commission Telephonic Business Meeting of
Wednesday, January 20, 2010
12:00-2:00pm EST
Conference Dial-In Number: 866-692-3582
Participant Access Code: 3387529
Agenda Item
Presentation
1) Call to Order
Chairman Angelides
2) Roll Call
Chairman Angelides
3) Approval of Minutes of Closed Session
Meeting of December 20, 2009
(Attached)
Chairman Angelides
4) Chairman’s and Vice Chairman’s Report
Chairman Angelides and Vice-Chairman
Bill Thomas
5) Executive Director’s Report
Tom Greene, Executive Director
6) Amendment to Rules of Procedure:
Public Notice for Hearings
(Attached)
Gary Cohen, Special Business Counsel/
Gretchen Newsom, Special Assistant
7) Commission Policy for the Solicitation and
Acceptance of Gifts of Services or Property
(Attached)
Tom Greene/Gary Cohen
8) Ethical Guidelines for Commission
Members
(Materials Forthcoming)
Tom Greene/Gary Cohen
9) Ethical Guidelines for Commission
Staff
(Materials Forthcoming)
Tom Greene/Gary Cohen
1
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
10) Update on Confidentiality Agreements
Tom Greene/ Gary Cohen
11) Update re: Archive Requirements
and Mandates
Tom Greene/ Gary Cohen
12) Report to Commission re: Legislative
And Regulatory Update
(Materials Forthcoming)
Tom Greene/ Scott Ganz, Special
Assistant
13) Other Items of Business
All Commissioners
14) Adjournment
Chairman Angelides
2
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Financial Crisis Inquiry Commission
Agenda Item 3 for Closed Meeting of Tuesday, January 20, 2010
Minutes of Telephonic Business Meeting of
Monday, December 14, 2009
Agenda Item 1: Call to Order
Chairman Angelides called the telephonic business meeting to order.
Agenda Item 2: Roll Call
Chairman Angelides asked Gretchen Newsom to call the roll of the Commissioners: Present
were Phil Angelides, Bill Thomas, Brooksley Born, Byron Georgiou, Bob Graham, Doug HoltzEakin, Heather Murren, John W. Thompson and Peter Wallison. Keith Hennessey arrived after
agenda item 3 was voted on; John W. Thompson dropped off the call before agenda item 6 was
voted on. Mr. Thomas departed at the beginning of agenda item 9.
Also participating in the meeting: Tom Greene, Executive Director; Gretchen Newsom, assistant
to Chairman Angelides; Courtney Mayo and Scott Ganz, assistants to Vice Chairman Thomas.
Beneva Schulte, Assistant Director, and Wendy Edelberg, Research Director, were introduced to
staff, and Ms. Schulte came back to the meeting for discussion of agenda item 7. Gary Cohen,
Special Business Counsel, participated in the briefing and discussion from agenda item 8 until
the conclusion of the meeting.
Agenda Item 3: Approval of Minutes of Meeting, November 17, 2009
Chairman Angelides introduced the minutes from the FCIC meeting of November 17, 2009.
There was discussion among Commissioners about the format of the meeting minutes.
MOTION:
Holtz-Eakin moved and Born seconded the motion to adopt the meeting
minutes (attached).
APPROVED:
9-0 (Hennessey absent)
3
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Agenda Item 4: Executive Director’s Report; Personnel Update
Mr. Greene provided an update on personnel, introducing Beneva Schulte and Wendy Edelberg
to the Commissioners. Mr. Greene informed the Commission that Matt Cooper has been hired as
Senior Advisor. Mr. Greene also provided Commissioners with an update on office technology
and document requests.
The Chairman gave a brief report in which he spoke of assigning Commissioners to working
groups based on their individual areas of interest and/or expertise. There was also broad
discussion about hearing #1, and a general goal was stated to deliver briefing materials for
Hearing 1 to the Commission by January 6th. It was also requested that Mr. Greene develop
protocol to inform Commissioners of all communications likely to be of interest in the public
domain, such as press releases and hearing invitation letters.
Agenda Item 5: Update on FCIC Budget
Vice Chairman Thomas provided Commissioners with an update on the FCIC budget. The
Chairman and Vice Chairman will report back to the Commission with any budget updates.
Agenda Item 6: Extension of Delegation of Authority
Chairman Angelides asked for an extension of the delegation of authority.
MOTION:
Wallison moved and Thomas seconded the motion to adopt the extension
of the delegation of authority (attached).
APPROVED:
9-0 (Thompson absent)
Agenda Item 7: Protocol for Media Contact
Mr. Greene and Ms. Schulte briefed the Commissioners on the proposed FCIC media protocol,
which led to discussion among the Commissioners. It was requested that staff draft a one-page
media briefing sheet with current message points.
MOTION:
Holtz-Eakin moved and Wallison seconded the motion to accept the
media protocol proposal as amended (attached).
APPROVED:
9-0 (Thompson absent)
Agenda Item 8: Donation of Goods and Services
Mr. Cohen briefed the Commissioners on the solicitation and donation of goods and services,
which led to discussion among Commissioners, giving Mr. Cohen input for the document. The
Commissioners will vote on the document for adoption at the next business meeting.
4
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Agenda Item 9: Draft Ethical Guidelines for Commission Members
Mr. Cohen briefed the Commissioners on the draft ethical guidelines for Commission members.
The Commissioners discussed the draft document and Mr. Cohen will make the appropriate
changes, such as references to travel as payment, spouses and children of Commissioners, and
associations. The Commissioners will vote on the document for adoption at the next business
meeting.
Agenda Item 10: Recommendation to assume delegation of responsibility for House
Committee on Standards of Official Conduct
Chairman Angelides requested a motion for approval of the delegation of responsibility letter for
the House Committee on Standards of Official Conduct (attached).
MOTION:
Georgiou moved and seconded by Holtz-Eakin for approval of the
delegation of responsibility.
APPROVED:
8-0 (Thomas and Thompson absent)
Agenda Item 11: Update re: Archive Requirements and Mandates
Mr. Cohen briefly updated the Commissioners on the archiving requirements that the
Commission must follow, including the preservation of all FCIC related emails on both FCIC
and personal email accounts, which was followed by a brief discussion among the
Commissioners.
Agenda Item 12: Legislative Update
Chairman Angelides introduced the legislative update; Commissioners will review on their own.
Agenda Item 14: Adjournment
Chairman Angelides requested a motion to adjourn the meeting.
MOTION:
Georgiou moved and Holtz-Eakin seconded a motion to adjourn the
meeting.
APPROVED:
8-0 (Thomas and Thompson absent)
5
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Financial Crisis Inquiry Commission
Agenda Item 3 for Telephonic Business Meeting of January 20, 2010
Minutes of Telephonic Business Meeting of
December 20, 2009
ATTACHMENT
Approved Minutes of Closed Session Meeting of
Tuesday, November 17, 2009
Agenda Item 1: Call to Order
Chairman Angelides called the closed session meeting to order.
Agenda Item 2: Roll Call
Chairman Angelides asked Gretchen Newsom to call the roll of the Commissioners: Present
were Phil Angelides, Bill Thomas, Brooksley Born, Byron Georgiou, Keith Hennessey, Doug
Holtz-Eakin, Heather Murren, John W. Thompson and Peter Wallison. Bob Graham arrived
after the approval of the minutes of meeting, October 20, 2009.
Also participating in the meeting: Tom Greene, Executive Director; Gretchen Newsom, assistant
to Chairman Angelides; and Scott Ganz, assistant to Vice Chairman Thomas.
Agenda Item 4: Approval of Minutes of Meeting, October 20, 2009
Chairman Angelides introduced the minutes from the FCIC meeting of October 20, 2009.
MOTION:
Born moved and Holtz-Eakin seconded the motion to adopt the meeting
minutes.
APPROVED:
9-0.
Agenda Item 3: Presentation by/Discussion with Timothy Geithner, Secretary of the
Treasury
6
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Chairman Angelides introduced Secretary Geithner and the Secretary gave his presentation to the
Commissioners. Secretary Geithner’s presentation was followed by questions and discussion
with the Commission.
Agenda Item 5: Executive Director’s Report; Personnel Update; Introductions of Staff
Mr. Greene provided an update on personnel and general office items. He also introduced
recently hired staff to the Commissioners including Marty Biegelman, Assistant Director; Sam
Davidson, Information Technology Specialist; Sylvia Boone, Administrative Specialist; Dixie
Noonan, Investigative Counsel; Mina Simhai, Investigative Counsel; Gary Cohen,
Investigator/Senior Business Counsel; Sarah Zuckerman, Receptionist; Brad Bondi, Assistant
Director and Deputy General Counsel; Tom Krebs, Assistant Director and Deputy General
Counsel; and Bart Dzivi, Special Counsel.
Agenda Item 6: Review of Draft FCIC Budget
Mr. Greene presented the draft budget. There was broad discussion that included all
Commissioners and Mr. Greene. There was general consensus that the Commission’s
appropriation of $8 million dollars would not suffice to accomplish the work of the Commission
in the manner desired and that an additional allocation should be sought. Vice-Chairman Thomas
will take the lead with Congress on this matter.
Agenda Item 7: Updated on Work Plan
There was broad discussion with all Commissioners and Mr. Greene on the updated work plan
and timeline. Mr. Greene received comments from the Commission and will incorporate into a
revised draft of the work plan.
Agenda Item 8: Legislative Update
Chairman Angelides introduced the legislative update; Commissioners will review on their own.
Agenda Item 9: Other Items of Business
Chairman Angelides, Vice Chairman Thomas and other Commissioners discussed closed versus
public meetings and hearings. Also discussed were transcripts and minutes of meetings and
hearings.
Agenda Item 10: Break for Lunch
Chairman Angelides recessed the Commission for a brief lunch break.
Agenda Item 11: Presentation by/Discussion with Ben Bernanke, Chairman of the Board of
Governors of the Federal Reserve
7
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Chairman Angelides introduced Chairman Bernanke and the Chairman gave his presentation to
the Commissioners. Chairman Bernanke’s presentation was followed by questions and
discussion with the Commissioners.
Agenda Item 12: Adjournment
Chairman Angelides requested a motion to adjourn the meeting.
MOTION:
Holtz-Eakin moved and Thompson seconded a motion to adjourn the
meeting.
APPROVED:
10-0.
8
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Financial Crisis Inquiry Commission
Agenda Item 3 for Telephonic Business Meeting of January 20, 2010
Minutes of Telephonic Business Meeting of
December 20, 2009
ATTACHMENT
Approved Delegation to execute agreements and contracts
on behalf of the Financial Crisis Inquiry Commission
Pursuant to the authority set forth in Public Law 110-21(d)(3) that allows the Financial Crisis
Inquiry Commission to enter into contracts to enable the Commission to conduct its business;
and,
Now after a quorum of the Financial Crisis Inquiry Commission has been established; and,
After a vote of the Commissioners present and voting; it is
Hereby delegated to the Chairman of the Commission the authority to enter into agreements on
behalf of the Financial Crisis Inquiry Commission in order to facilitate the work of the
Commission. This delegation is effective until March 31, 2010, unless revoked earlier.
The Chairman may delegate this authority to the Vice-Chairman in order to expedite the business
of the Commission. If the Chairman does delegate to the Vice-Chairman, the delegation shall
remain in effect until March 31st, unless revoked earlier.
In addition, any actions taken by the Chairman and the Vice-Chairman in order to establish the
Commission, and agreements signed by the Chairman or the Vice-Chairman, are hereby ratified
by the Commission.
Approved by the Commission 9-0 on December 20, 2009.
9
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Financial Crisis Inquiry Commission
Agenda Item 3 for Telephonic Business Meeting of January 20, 2010
Minutes of Telephonic Business Meeting of
December 20, 2009
ATTACHMENT
Protocol for Media Contact
Approved during Telephonic Business Meeting of December 14, 2009
MEMORANDUM
Date:
Thursday, December 10, 2009
To:
Tom Greene – Executive Director
From:
Beneva Schulte – Assistant Director
Subject:
Commission Media and Speaking Protocol
Pursuant to your request, please find below a memo on a media and speaking protocol for the
Commission. I should note that a critically important part of the public communications policy for
the Commission must be a strict, top-to-bottom “no leaks” policy for everyone associated with the
Commission and its work. It is my understanding that a discussion of a “disclosure of non-public
information” policy will be covered in the proposed ethics guidelines for the Commissioners and in
employment policies for the staff.
Commissioner Protocol
As the Commission begins its public hearing schedule in earnest, Commissioners can expect media
interviews, appearances and speaking requests to increase. It is recommended that aAll calls and
contacts that are specifically about the Commission’s work and/or progress should be directed to
the Communications Department for initial vetting by the communications staff. Specifically, you
can have them contact me at 202-292-1343 or at bschulte@fcic.gov until a Communications Director
is appointed.
This will allow the communications team to stay on top of all potential stories; prepare any
materials/background information that a Commissioner might need to effectively respond to the
request; and to ensure Commissioners are not caught off guard. All media requests to
Commissioners will be given top priority and handled quickly and efficiently.
We would also like to assist Commissioners in any speaking engagement requests that they may get
that are, again, specifically about the Commission’s work and/or progress. Communication staff can
prepare talking points and/or background materials for these events as well.
Staff Protocol:
10
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Staff for the Financial Crisis Inquiry Commission will also receive press calls. The protocol must be
that all press inquiries, calls and requests are to be directed to the Communications Department.
Specifically, you can have them contact me at 202-292-1343 or at bschulte@fcic.gov until a
Communications Director is appointed. Requests for media appearances and speaking engagements
by Commission staff must also be routed through the Communications Department.
11
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Financial Crisis Inquiry Commission
Agenda Item 3 for Telephonic Business Meeting of January 20, 2010
Minutes of Telephonic Business Meeting of
December 20, 2009
ATTACHMENT
Approved - Recommendation to assume delegation of responsibility from House
Committee on Standards of Official Conduct
December __, 2009
The Honorable Zoe Lofgren,
Chair, Committee on Standards of Official Conduct
HT-2, The Capitol
Washington, DC 20515
Re: Delegation of Authority
Dear Chairperson Lofgren;
Pursuant to the authority set forth in 5 USC Section 7353(d)(1)(E), this letter requests a delegation of
authority for the Financial Crisis Inquiry Commission ("FCIC") to become its own Supervising
Ethics Office in accordance with that Section. This will enable the FCIC to more efficiently conduct
its business, a particular concern to the FCIC given the short time period allowed for it to meet its
statutory obligations and the nature of the matters within its purview. We do, however, request that
Commissioners’ Financial Disclosure Statements (which they have agreed voluntarily to file)
continue to be filed with the Office of the Clerk of the House of Representatives, and reviewed and
certified by the House Committee on Standards of Official Conduct.
Thank you for your consideration.
Very truly yours,
Phil Angelides
Chairman
Financial Crisis Inquiry Commission
cc:
William M. Thomas
Vice Chairman
Financial Crisis Inquiry Commission
Blake Chisam, Esq.
Chief Counsel/Staff Director
12
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
MEMORANDUM
To:
Commissioners
From:
Tom Greene
Executive Director
Financial Crisis Inquiry Commission
Date:
January 11, 2010
Re:
Agenda Item 7 – Amendment to Rules of Procedure, Public Notice of
Hearings
________________________________________________________________________
Please find attached a proposed amendment to our Rules of Procedure prepared by Special
Business Counsel Cohen and Gretchen Newsom. This amendment conforms our Rules to the
intent of a previously ratified amendment in regard to public notice of meetings. I recommend
approval of this item.
13
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Financial Crisis Inquiry Commission
Agenda Item 7 for Telephonic Business Meeting of January 20, 2010
Amendment to FCIC Rules of Procedure: Public Notice for Hearings
Pursuant to Rule XIII of the FCIC Rules of Procedure (FCIC Rules), the Commission amends
Rule IV(B) of the FCIC Rules so as to replace the phrase “Congressional Record and“ with the
phrase “Federal Register or,” thus causing the as-amended Rule IV (B) to read as follows:
IV.
Hearings
B.
Notice of Hearing
If all or part of a regularly-scheduled meeting is to be open to the public, notice will be provided
at least seven (7) days in advance by publication in the Federal Register or any other publications
selected by the Commission, and shall include notice of agenda items open to the public.
Meetings held pursuant to exigent circumstances must be noticed at least forty-eight (48) hours
in advance.
14
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
15
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
MEMORANDUM
To:
Commissioners
From:
Tom Greene
Executive Director
Financial Crisis Inquiry Commission
Date:
January 11, 2010
Re:
Agenda Item 8 – Commission Policy for the Solicitation and Acceptance
of Gifts of Services or Property
________________________________________________________________________
Please find attached a proposed policy on the donation of goods and services to the
Commission. Please note that the commission has received a delegation of authority from the
House of Representatives to be its own ethics authority. I recommend adoption of the proposed
solicitation and acceptance guidelines.
16
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Privileged and Confidential / Draft of 12/8/09-2
For use by the Commission at the meeting of January 20, 2010
MEMORANDUM
To:
Tom Greene
Executive Director
Financial Crisis Inquiry Commission
From:
Gary J. Cohen
Special Business Counsel
Financial Crisis Inquiry Commission
Date:
December __, 2009January 20, 2010
Re:
Commission Policy for the Solicitation and Acceptance of Gifts of
Services or Property
Overview
This memorandum has been prepared at the request of the Chairman and the Vice Chairman to
provide guidelines for the Commissioners in the solicitation and receipt of gifts of services or
property to the Commission.
The Commission has the statutory ability to accept gifts of services or property: “The
Commission may accept, use and dispose of gifts or donations of services or property.”
(§5(d)(6) of the Fraud Enforcement and Recovery Act of 2009.)
There are also statutory provisions limiting the solicitation and acceptance of gifts in 5 USC
§7353, Gifts to Federal employees:
(a) Except as permitted by subsection (b), no Member of Congress or officer or
employee of the executive, legislative, or judicial branch shall solicit or accept anything
of value from a person—
(1) seeking official action from, doing business with, or (in the case of executive
branch officers and employees) conducting activities regulated by, the
individual’s employing entity; or
(2) whose interests may be substantially affected by the performance or
nonperformance of the individual’s official duties.
17
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
(b)
(1) Each supervising ethics office is authorized to issue rules or regulations
implementing the provisions of this section and providing for such reasonable
exceptions as may be appropriate (emphasis added).
(2) (A) Subject to subparagraph (B), a Member, officer, or employee may accept
a gift pursuant to rules or regulations established by such individual’s supervising
ethics office pursuant to paragraph (1).
(B) No gift may be accepted pursuant to subparagraph (A) in return for being
influenced in the performance of any official act.
To allow the Commission to solicit gifts of services or property, the Commission must first has
requested and received a delegation as a supervising ethics office. , [which has been received].
Next, it should consider and then adopting a gift solicitation policy which provides appropriate
guidelines to conduct solicitation activities. (According to the Chief Counsel and Staff Director
of the House Committee on Standards of Official Conduct, other agencies and federal
departments and commissions have sought and received delegation as supervising ethics offices
to allow them to adopt policies and rules tailored to their functions.) Status as a supervising
ethics office will enable the Commission to administer and interpret 5 USC §7353 in a manner
consistent with the Commission’s stated purpose.
Thus, after my review of the statute and past practice of other governmental entities, it is my
view that the Commission should request a “delegation of authority” from the House Committee
on Standards of Official Conduct to become its own supervising ethics office. (The request
willdelegation askprovides that the Commissioners’ Financial Disclosure Statements, which they
have agreed voluntarily to file, should continue to be filed with the Office of the Clerk of the
House of Representatives, and reviewed and certified by the House Committee on Standards of
Official Conduct.) Status as a supervising ethics office will enable the Commission to
administer and interpret 5 USC §7353 in a manner consistent with the Commission’s stated
purpose.
Based upon my discussions with staff in the House Committee on Standards of Official Conduct,
and on internet research, other agencies and federal departments and commissions have adopted
policies to allow solicitation of gifts when relevant to their function. The Commission’s
interpretation of 5 USC §7353 should therefore allow for solicitation of gifts of services or
property related to the operation and purpose of the Commission in a manner consistent with the
Commission’s congressional authority to accept gifts of services or property. (Commissioners
should be mindful that the ability to accept gifts of services or property falls to the Commission,
and not the individual Commissioners.)
Assuming that the Commission authorizes the request for delegation, andAs the delegation has
beenis granted, I propose that the Commission adopt the Policy for the Solicitation and
Acceptance of Gifts of Services or Property on the following pages. (Because the Policy was
prepared assuming that the Commission had requested and received a delegation of authority to
18
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
act as its own supervising ethics office (see below), I recommend that the Commission defer
adopting this Policy, if it determines to do so, until after the delegation is accepted.)
19
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
Commission Policy for the Solicitation and
Acceptance of Gifts of Services or Property
A.
Commission Policy Regarding Solicitation of Gifts of Services or Property:
1. No employee of the Commission may solicit gifts of services or property
or encourage the solicitation of gifts of services or property to the
Commission unless the solicitation has been approved in advance by the
Chairman, in consultation with the Vice Chairman, or upon delegation, by
the Executive Director.
2. In determining whether to allow solicitation of a gift on behalf of the
Commission, the Chairman, in consultation with the Vice Chairman, or
upon delegation, the Executive Director, shall consider the following
criteria:
a.
Whether the gift to be solicited is appropriate for use by the
Commission;
b.
Whether solicitation of the gift is appropriate and advisable from
the perspective of conflict of interest and government ethics
guidelines; and
c.
Under no circumstances will a gift be solicited from entities (or
individuals employed by entities) which are known to be the focus
of the Commission’s work, or which are seeking official action
from, or doing business with, the Commission (“Subject Entities”).
3. The authority of the Chairman, in consultation with the Vice Chairman, or
upon delegation, the Executive Director, to approve the solicitation of gifts
of services or property is exclusive.
B.
Commission Policy Regarding Acceptance of Gifts of Services or
Property:
1. The Chairman, in consultation with the Vice Chairman, or upon
delegation, the Executive Director, has the authority on behalf of the
Commission to accept gifts of services or property in accordance with the
criteria set forth below.
2. In determining whether to accept a gift, the Chairman, in consultation with
the Vice Chairman, or upon delegation, the Executive Director, shall
consider the following criteria:
a.
Whether the gift is appropriate for use by the Commission;
1
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
b.
c.
d.
e.
Whether any condition the donor places on the Commission's
acceptance or use of the gift is acceptable to the Commission;
Whether any Commission employee solicited the gift or
encouraged its solicitation and, if so, whether the solicitation had
the prior approval of the Chairman, in consultation with the Vice
Chairman, or upon delegation, the Executive Director, if
applicable;
Whether acceptance of the gift is appropriate and advisable from
the perspective of conflict of interest and government ethics
guidelines; and
Under no circumstances will a gift be accepted from a Subject
Entity.
3. The authority of the Chairman, in consultation with the Vice Chairman, or
upon delegation, the Executive Director, to accept gifts of services or
property is exclusive.
2
FINANCIAL CRISIS INQUIRY COMMISSION
COMMISSION SENSITIVE DOCUMENT
@FedFRASER