New CFP Board Chair Pledges 'Governance Review and Reform' in 2020

Several months after an independent task force report recommended that the CFP Board amend several of its governance and enforcement policies, the new chair of the CFP Board said the group intends to address many of the questions raised in the report by the end of 2020. At the top of Chairman Jack Brod’s agenda is a plan to conduct a governance review and reform, which could include examining the board’s composition and revising term limits for members.Brod said the review would be "comprehensive" and that the early stages of it were already underway.

“The CFP Board has already implemented several of the recommendations that were part of the report,” Brod said. “There are others that we intend to implement but will take more time to put things in place, and there are ones that will require much more discussion and deliberation which will occur as 2020 unfolds.”

Wealth Management
by Patrick Donachie
January 23, 2020