Posted on 30 Nov 04
Janice Ochenkowski, RIMS VP – External Affairs and Senior Vice President of Jones Lang Lasalle Inc., testified today before the Senate’s Governmental Affairs Subcommittee on Financial Management, the Budget and International Security.
In August 2004, RIMS reaffirmed that it strongly supports the position that broker compensation and placement agreements should be transparent, with all sources of compensation, direct and indirect, disclosed without client request. In an effort to address the potential conflict-of-interest issue, RIMS would support a prohibition on the use of placement service agreements and contingent fee arrangements by insurers and brokers.
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