McWatters’ Legacy: Comments as Chair at the February 2017 GAC Conference

“The agency should diligently work to preserve small credit unions, as well as minority and women-operated credit unions. In addition, the agency should require all merger solicitation documents to provide, without limitation, a discussion of any change-in-control payments and other management compensation awards and agreements, and that such disclosures are written in plain language and delivered to voting members in a reasonable time prior to the scheduled merger vote.”

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