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Restructuring the Pension Benefit Guaranty Corporation's Board
Brookings Institution [Opinion] July 30, 2009 Excerpt: One step towards remedying the PBGC's chronic problems would be to increase the effectiveness of its Board of Directors (Board). It currently has a small Board that meets relatively infrequently and lacks certain attributes, such as committee structures, that would make it easier to dive into greater depth on the key issues. Comparisons of the PBGC's Board structure with that of analogous public entities demonstrates that its three-person Board format and sparse meeting schedule is unusual. The remainder of this paper will discuss potential changes that could improve the Board's effectiveness. |
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