What Did Willis Agree To Do?
In addition to the $50 million to be paid to clients, the agreement between Willis Group Holdings and New York Attorney General Eliot Spitzerlike the Marsh & McLennan Companies and Aon agreements that preceded itincludes reforms of its fundamental business practices. Under the Assurance of Discontinuance (which essentially is an agreement with no admission of guilt), Willis agreed that within 60 days, it will:
Neither accept nor request any form of contingent commissions.
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