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FPCD-78-42 1 (1978-04-13)

handle is hein.gao/gaobaaxdf0001 and id is 1 raw text is: D~OCUMENT RE50HE 05733 - fB10860431 [Review ot Department of Commerce Actions Io Iairove Its 2inancial Disclosure System). FPCD-78-M2; E-103SB7. April 13, 1978. 3 pp. Report to Rep. Benjamin S. senthal, Cbairnan, House Committee on Government Operations: Commerce, Consumer and Ma,,etary Affairs Subcommittee; by H. L. Kriegez, C.Lrectcr, federal Personnel &nd Compensation Div. Issue Area: Federal Personnel Management and Compensation: Financial Disclosure and Resolving Conflicts of Interest (316) Contact: Fedaral Personnel and Compensation Div. Budqet Function: General Government: Central Personnel Manaqement (805). Orqanization Concerned: Department of Commerce; Maritime Administration. Conqressional Relevance: House Committee on Governme.it Operations: Commerc6, Consumer and Monetary Affairs Subcommittee. Rep. Benjamin S. Rosenthal. Subsequent to issuance of the Ga.0 rejort Problems Found in the Financial DiscloEure System for Department of Commerce Employees, the Department established a Task Group to develop proposals for changes in the financial disclosure system and to establish pans for implementation. The task Group developed tcur independent studies, tut no further actic was taket. to improve the financial disclcsure system, and GAC's recommendations were not implemented. the status of 18 interests held by Maritime Administration employees which were questioned in the report was as follows: eight were determined not to be conflicts of interest, nine were divested, and one was not resolved because of an agency oversight. Cf 27 financial disclosure statements of Maritime Administration emFloyees reviewed, one financial interest raised the apFearance of a conflict of interest. The employee agreed to disqualify himself trom performinq duties which would involve the company in which the stock was held. (HTW)

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