NU Online News Service, Nov. 12, 2:22 p.m. EST
NEW YORK -Michael McGavick, chief executive officer of XL Capital urged insurers who believe in American-style capitalism to take part in the "profound debate" about financial reform now underway in Washington.
He told a meeting of executives here that industry representatives need to propose their own corporate governance proposals, and should start with real transparency and clarity, said Mr. McGavick.
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