CHERINE CHALABY: Good afternoon, everyone.
This next session, we would like to bring the community up‐to‐date with
the work we're doing on conflict of interest and ethics.
With me here, we have two board members, and they are members of
the BGC as well, Bill Graham and Ray Plzak, and as well as our General
Counsel, J.J., otherwise known as John Jeffrey.
Okay. What's the agenda for this afternoon? Basically we want to
review our plans and make you familiar with them. We want to update
you on the work we are doing, specifically with outside reviews as well
as our internal work. And then we want to pause and take questions
from all of you.
Okay. So the first starting point goes back to where we were in Dakar.
J.J., can you move the slide?
We talked about conflicts and the work we were doing in Dakar, and we
said we would like to enhance our conflict or interest policy to more
clearly address the hard cases, and not only those that relate to actual
conflict but also those related to perception of conflicts. And I think the
most important thing here is to raise the bar to the highest possible
standard so that there's no perception of conflict at all.