Garp founders to step down this week

As reported on October 3, Robert Mark, chief risk officer of Canadian Imperial Bank of Commerce in Toronto until September 30, and now an independent consultant, has been organising a ‘Blue-Ribbon Panel’ of eight to 10 respected risk managers to provide interim oversight for the organisation until an election of a new board of directors by Garp members.

The push to remove Borodovsky and Lore began in late June, when an anonymous document alleging improprieties by the two men was circulated by

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