Willis Group Holdings Chair and Chief Executive Officer Joe Plumeri reiterated his position that his firm will not take contingent commissions, even if a five-year-old agreement banning them is lifted.
In a recent speech before the Executives' Club Of Chicago, Mr Plumeri said corporate America today needs to embrace a new commitment to transparency and risk management to restore trust in business and the U.S. economy.
Businesses must manage conflicts of interest transparently and resolve them in the interests of their customers, he said, noting the controversy around insurers paying contingent commissions to brokers.
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