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March 8, 2007


DiNapoli Announces Comptroller’s Office
Management Review Commission

Ed Koch and Frank Zarb to Co-Chair Panel

State Comptroller Thomas P. DiNapoli today announced the creation of the State Comptroller’s Management Review Commission. The Commission will be chaired by two distinguished individuals, former New York City Mayor Ed Koch and long-time finance and government expert Frank Zarb.

“As Comptroller, I will impose the highest ethical standard on myself and every employee of the Comptroller’s Office and I will do everything in my power to make the Comptroller’s Office a vehicle for reforming the way the state and local governments conduct business,” DiNapoli said. “I have asked the Management Review Commission to help me take on the challenges that lie ahead: to protect taxpayers; to promote efficiencies in government programs and agencies; and to be active in reforming government as a vigilant watchdog and an independent voice.”

“As mayor of New York City, I saw first hand how the Comptroller’s Office can help local governments and serve as a fiscal watchdog for taxpayers,” said Koch, who led the city from 1978 through 1989. “I am honored that Comptroller DiNapoli has asked me to help him conduct a review of agency operations to help determine how the Comptroller’s Office can be strengthened and improved to most effectively serve state agencies, localities and all New Yorkers.”

“I have known Tom DiNapoli for many years and have worked with him on many issues relating to Nassau County finances and the Nassau Interim Finance Authority (NIFA),” said Zarb, who is former chair of NIFA as well as the Long Island Power Authority and New York State Commission on Education Reform, was a senior official in the administration of President Gerald Ford, and was chairman of NASD and the Nasdaq Stock Market. “By working to shape the Comptroller’s Office to effectively address the challenges of the coming years, the Commission will help Comptroller DiNapoli make the office into what I believe will be the finest governmental fiscal operation in the nation.”

DiNapoli has charged the Commission with making recommendations in five key areas of Comptroller’s Office operations, based on goals outlined by the Comptroller:

  • Organizational structure
  • Personnel and recruitment
  • Internal Controls within all areas of the Comptroller’s Office.
  • Audit Programs, to help focus the effectiveness of our audits.
  • Policy Development in such areas as public debt and stimulating economic growth.

The Commission will hold its first meeting within two weeks. DiNapoli said that while he expects the Commission to work to provide its initial recommendations in some areas within weeks, members working on specific projects will provide information and recommendations over an extended period of time. Members will not be paid for their service, but may be reimbursed for travel expenses.

Members of the Management Review Commission include:

  • Nancy Cantor, chancellor, Syracuse University
  • George Faeth, attorney
  • Alan Fishman, president, Independence Community Bank and Foundation
  • Denis Hughes, president, New York State AFL-CIO
  • Hugh Johnson, chairman, Johnson Illington Advisors
  • Serafin U. Mariel, founder, New York National Bank
  • Carol O’Cleireacain, economics and management consultant
  • Sandra Shapard, former First Deputy Director, NYS Division of the Budget
  • Tom Suozzi, Nassau County Executive
  • William Thompson, New York City Comptroller

“I am extremely grateful to Ed Koch, Frank Zarb and all of the Management Review Commission members for agreeing to share their extensive expertise,” DiNapoli said.


Click here for biographies of the Management Review Commission Members

Click here for the Text of Letter from Comptroller Dinapoli to Commission Members


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