A California consumer group has criticized former American International Group Chairman Maurice Greenberg's financial connection to a committee that issued a report calling for an easing of corporate regulation and accounting standards.
The Foundation for Taxpayer and Consumer Rights in Los Angeles noted that Mr. Greenberg was ousted as chief executive officer and AIG chairman after an accounting scandal.
Their criticism followed release of the report by the Committee on Capital Markets Regulation, which said in an interim report yesterday that a reduction in "regulation and litigation, while enhancing shareholder rights, will improve the competitiveness of U.S. capital markets."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
