N.Y. Executing Panel's Recommendations for Authority Reform

McDonald, Michael
December 2004
Bond Buyer;12/1/2004, Vol. 350 Issue 32020, p4
Trade Publication
This article reports that Adam Barsky, the deputy secretary to New York Governor George Pataki in charge of state authorities, said that there is an ongoing effort to make improvements in the management of the authorities. though the governor does not believe, as others have suggested, that they are broken and need to be fixed. Pataki created an advisory committee in February to look at improving governance of the state's largest authorities following a series of scandals and ordered 31 authorities to begin making changes. It also recommended that the audit committees of the authorities be made up of at least a majority of independent members, and that all of them. should have financial experience, with at least one a finance expert.


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