WASHINGTON – In a move that has left the Federal Deposit Insurance Corporation (FDIC) reeling, the agency’s Board of Directors has established a special committee to oversee an independent review of the agency’s workplace culture.
The decision comes after allegations of misconduct, including sexual harassment and discrimination, surfaced within the agency. The special committee will be co-chaired by FDIC Directors Jonathan McKernan and Michael J. Hsu, who have vowed to take all necessary actions to address the root cause of the problem and promote accountability.
The review will be fully independent, with those conducting it reporting directly and exclusively to the special committee. The FDIC Board has also approved the co-chairs’ request to appoint up to three additional non-voting members from outside the agency to join the special committee and provide diverse views.
The move is seen as a major step towards addressing the issues within the FDIC, which has a workforce of nearly 6,000 professionals. The agency’s mission is to maintain the stability and public confidence in the nation’s financial system.
The FDIC Board has issued a statement reiterating its commitment to fostering a safe, fair, and inclusive workplace for all employees, and condemning the alleged misconduct as “totally unacceptable.”
The special committee will oversee the agency-wide review, which is expected to provide a comprehensive assessment of the FDIC’s workplace culture. The results of the review will be made public, and the agency will take all necessary actions to address any issues that are identified.
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Key Facts
- Agency: FDIC
- Category: White Collar Crime|Public Corruption
- Source: Official Source â†â€â€ÂÂÂ
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