Freddie Retains Governance Expert

Freddie Mac has announced the retention of Charles M. Elson, an expert on corporate governance with a background in law and academia, as an adviser.Professor Elson is the Edgar S. Woolard Jr. Chair in Corporate Governance and the director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. He is also "of counsel" to the Holland & Knight law firm. Mr. Elson is considered an expert on the current practices, trends, and developments in corporate governance, Freddie Mac said. The government-sponsored enterprise also reported that it has retained David Martin, formerly director of corporation finance for the Securities and Exchange Commission, to help it improve financial disclosures. The GSE said it is training its 4,300 employees on the provisions of the Sarbanes-Oxley Act, and setting up a hotline to enable them to register complaints or concerns anonymously.