Improving Americans' Financial Security: The Importance of a CFPB Director

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  • FYI, Please read the Cadbury Report, 1992 see ref http://www.jbs.cam.ac.uk/cadbury/report/index.html .
    The importance of a Ethics in the Committe Financial Aspects of Corporate Governance:
    - that there be a clear division of responsibilities at the top, primarily that the position of Chairman of the Board be separated from that of Chief Executive, or that there be a strong independent element on the board;
    - that the majority of the Board be comprised of outside directors;
    - that remuneration committees for Board members be made up in the majority of non-executive directors; and
    - that the Board should appoint an Audit Committee including at least three non-executive directors.
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