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Mr. Cancel said the oversight responsibilities of the deputy director were reassigned to other department members, they were not eliminated.
Ms. McLane added, "We have taken a number of steps to tighten our oversight responsibilities of federal student financial aid programs".
Among the chief ways proposed to do that would be combining the oversight responsibilities of New York's four financial authorities: the insurance department, the department of state, the banking department and the attorney general's office.
Paid and retained accounting firms with oversight responsibilities of client company financial statements have an incentive to overlook accounting transgressions.
Ultimately, the idea would be for the government to create a "business conduct" regulator that would assume many of the oversight responsibilities of the SEC and CFTC.
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With the Obama administration prosecuting more whistleblowers than all other administrations combined (including some who risked prosecution by exposing important facts about surveillance), Congress's abandonment of its oversight responsibilities on the PATRIOT Act bodes poorly for the future.
This title designates key personnel for a project, but without the oversight responsibility of a PI.
Nothing in this section shall affect or discharge any oversight responsibility of the Secretary specifically provided for under this title or other Federal law.
The S.E.C. has oversight responsibility of the Securities Investor Protection Corporation, and its views could carry some weight if it agrees with Mr. Picard that the federal appeals court misinterpreted the law.
"I think it's the function and the oversight responsibility of the committee," he said, adding, "That might sound strange coming from me". Mr. Roberts's comments were surprising because he has been a staunch defender of the program and an ally of White House efforts to resist a full-scale Senate investigation.
A larger number of independent directors also allows a board to ensure that its members are not overburdened with oversight responsibilities to the detriment of strategic counseling.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com