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Recommendation Details
Text of Recommendation
FHFA, as conservator, should direct Freddie Mac to revise its policies and procedures to align with the responsibilities assigned to the Nominating and Governance Committee and facilitate the Nominating and Governance Committee’s execution of its responsibilities.
Recommendation Number
OIG-2017-005-2
Recommendation Status
Closed
Significant Recommendation
No
Recommendation Questioned Costs
$0
Recommendation Funds for Better Use
$0
Additional Information
Originally closed in July 2018; reopened in August 2020 upon results of compliance testing. See Freddie Mac Management Failed to Adopt and Implement Conflicts of Interest Policies Which Aligned Fully with FHFA’s Directive on Senior Executive Officers’ Conflicts of Interest, and With the Charter for the Freddie Mac Board’s Nominating and Governance Committee (COM-2020-006, August 26, 2020).
Additional Details Link