A Washington, D.C.-based consulting firm will “assist and advise” an anti-sexual harassment plan at the federal bank deposit insurance agency, the agency said late Wednesday.
The Federal Deposit Insurance Corp. (FDIC) said Boston Consulting Group (BCG) Federal Corp. of Washington was selected by the agency’s board to help it apply the “Action Plan for a Safe, Fair, and Inclusive Work Environment.” The action plan was adopted by the agency in the wake of allegations of sexual harassment at the agency, which surfaced publicly in 2023.
The allegations ultimately have led to the announced resignation of the agency’s Board Chairman Martin Gruenberg, who said last spring he would step down as chairman once his successor has been confirmed by the Senate.
In June, President Joe Biden (D) nominated Christy Goldsmith Romero as Gruenberg’s successor as FDIC Board Chairman. The nomination of Romero, a commissioner at the Commodity Futures Trading Commission (CFTC) since March 2022, has not yet been scheduled for a vote in the Senate.
In a release, the FDIC said BCG would report directly to the FDIC Board and that the firm was selected from among several advisors after a competitive, public solicitation.
The agency asserted that the firm has “extensive experience in workplace culture and change management projects for both public and private sector clients.” It added that BCG has advised and assisted with workplace culture transformation, fostering psychological safety, empowering teams, and leadership development at other government agencies.
The FDIC also noted that Carrie H. Cohen, named last month as the independent “transformation monitor,” charged with auditing the agency’s ongoing efforts to implement recommendations for improving the agency’s workplace culture, would engage with BCG.
FDIC Board Selects Boston Consulting Group to Advise on Workplace Culture Initiatives