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GAO Report: PBGC Governance Structure Needs Improvements to Ensure Policy Direction and Oversight
U.S. Government Accountability Office [GAO] 
July 18, 2007
42 pages. "[The PBGC] board has limited time and resources to provide policy direction and oversight and has not established comprehensive written procedures and mechanisms to monitor PBGC operations. Because PBGC's board is composed of three cabinet secretaries, who have numerous other responsibilities, the board structure does not guarantee that PBGC's board is active and diverse.... Further, the board has not established formal procedures to ensure that PBGC management provides it information on all policy matters nor has it developed standing committees to oversee operations. Instead, the board relies on PBGC's Inspector General and management's oversight committees to ensure that PBGC is operating effectively." [GAO-07-808, published Jul. 6, 2007, released Jul. 17, 2007]
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