The financial crisis has had a profound impact on thousands of financial institutions and businesses, and on millions of households. Its aftermath has been a time of. C. The Business Standards Committee Working Groups. The Business Standards Committee identified six important areas for detailed examination based on the events and developments of recent years. We established a working group for each area: Client Relationships and Responsibilities. Management Systems International (MSI a Tetra Tech company, is a US-based international development firm that specializes in designing, implementing and evaluating). Updating and strengthening the Code of Business Conduct and Ethics and requiring employees to certify their compliance. Strengthening Committee Governance. The firms committee governance structure must encourage ownership and accountability for cli. We must be clear to ourselves and to our clients about the capacity in which we are acting and the responsibilities we have assumed. We believe these core client service values and role-specific client responsibilities are fundamental to all of the Committees recommendations.
The scope and intensity of the Committees eight month review have been significant, encompassing every major business, region and activity of the firm. We made 39 recommendations for change spanning client service, conflicts and business selection, structured products, transparency and disclosure, committee governance, training and professional development and employee evaluation and incentives.
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