FDIC Board of Directors Establishes Special Committee to Oversee Independent Review of Agency Culture
The Federal Deposit Insurance Corporation (FDIC) has taken a proactive step towards ensuring a safe and inclusive workplace culture by establishing a special committee to oversee an independent third-party review. With the appointment of Directors Jonathan McKernan and Michael J. Hsu as co-chairs, the agency aims to address any inappropriate behavior, promote accountability, and create a better working environment for its employees.
Prioritizing a Safe and Inclusive Workplace
The FDIC Board acknowledges the importance of employees feeling safe and confident to speak out against any form of misconduct, including sexual harassment and discrimination. Recognizing that such behavior is unacceptable, the Board is committed to establishing an environment that fosters fairness, inclusivity, and professionalism.
In an official statement, the FDIC Board expressed its dedication to identifying and addressing the root causes of any workplace issues, underscoring the need for accountability. To facilitate this process, the independent special committee, chaired by Michael J. Hsu and Jonathan McKernan, has been entrusted to oversee a comprehensive third-party review.
Independent Third-Party Review Process
The FDIC’s independent review process will be conducted by external professionals to ensure objectivity and thoroughness. The committee will appoint up to three additional non-voting members from outside the FDIC, bringing diverse perspectives to the evaluation process.
The special committee will provide exclusive oversight throughout the entire review, maintaining direct communication with the individuals conducting the assessment. This approach guarantees transparency and independence, allowing for an in-depth examination of the agency’s culture, policies, and practices.
Commitment to FDIC Employees
The FDIC Board emphasizes that this initiative is a top priority, reflecting its dedication to creating a supportive working environment for its nearly 6,000 professionals. While the review is underway, the Board extends its gratitude to all employees for their continued commitment to the FDIC’s mission of safeguarding the stability and public confidence in the financial system.
FAQs (Frequently Asked Questions)
1. Why is the FDIC establishing a special committee to review agency culture?
The special committee has been established to ensure a safe, fair, and inclusive workplace for all FDIC employees. It will oversee an independent third-party review to identify and address any inappropriate behavior and promote accountability within the agency.
2. Who will be conducting the independent third-party review?
The review will be conducted by external professionals who have expertise in evaluating workplace culture. The committee will appoint these individuals, ensuring objectivity and independence.
3. How will the special committee ensure transparency and independence?
The special committee will maintain direct and exclusive communication with the individuals conducting the review. This guarantees transparency and independence throughout the process and allows for thorough examination of the FDIC’s culture, policies, and practices.
4. What is the goal of this initiative?
The goal of this initiative is to foster a workplace environment where all FDIC employees feel safe, respected, and able to speak out against any form of misconduct. The FDIC is committed to addressing the root causes of any workplace issues to promote accountability and ensure a positive working culture.
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