Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, August 12, 1995 TAG: 9508140078
SECTION: NATIONAL/INTERNATIONAL PAGE: A2 EDITION: METRO
SOURCE:
DATELINE: WASHINGTON LENGTH: Short
The code was among several financial control measures the NAACP has instituted since May to respond to a nearly $4 million debt and restore the confidence of donors, board Chairwoman Myrlie Evers-Williams said Friday.
The NAACP also has appointed a chief financial officer, who is sorting out the group's financial records, she said, and has hired a direct-mail firm to help raise funds.
Evers-Williams did not elaborate on specifics of the ethics code, which was approved last month, except to say it contains a provision barring members from participating in an activity that might represent a conflict of interest.
A recent audit found that former board Chairman William Gibson generated $111,930 in questionable spending and ousted Executive Director Benjamin Chavis ran up $32,459 in personal charges on his NAACP credit card.
|- Associated Press
Dow Corning insurers
add to implant fund
BAY CITY, Mich. - One of Dow Corning Corp.'s largest insurers will pay $107.5 million into a fund for women injured by breast implants, under a settlement approved Friday by a federal bankruptcy judge.
The deal between Dow Corning, Hartford Accident and Indemnity Co. and lawyers for implant recipients is part of the $4.25 billion fund to pay women who claim they were harmed by silicone implants.
|- Associated Press
by CNB