Notice of Petition - "Compensation, Retirement Programs and Related Benefits" Gregg Lewis PO Box 277 Osawatomie, KS 66064-0277
April 20, 2013
Barry F Mardock Deputy Director Office of Regulatory Policy, Farm Credit Administration 1501 Farm Credit Drive McLean, VA 22102-5090
Dear Mr. Mardock:
I'm writing this letter in opposition to the Farm Credit System (FCS) petition against giving a voice to their member owners (say on pay) and in support of the Farm Credit Administration's (FCA) final rule adopted last October.
The FCS is a government sponsored enterprise or GSE and they need to have a high standard of accountability and transparency in their dealings. The FCS is also structured as a cooperative and their members need to be allowed to have a vote on the large pay packages of FCS CEOs, executives, and senior officers.