public's confidence in the integrity of the processes of government is restored. I urge you, therefore, to give us the benefit of your most considered judgment. Although time for your deliberations has been severely limited, we are confident that your conclusions will be of high value. In closing, I would like to express our sincere and deep appreciation and look forward to seeing you and your group on November 16. CC: Commission Members Charles T. Duncan Sherman Hazeltine Joseph F. Meglen Norma Pace Bernard G. Segal Sincerely, Peter 4 Peterson Peter G. Peterson, on Executive, Legislative TASK FORCE ON OUTSIDE INCOME, INVESTMENTS, November 29, 1976 Mr. Peter G. Peterson, Chairman Commission on Executive, Legislative and Judicial Salaries 1750 K Street, N. W. Washington, D. C. 20006 Dear Mr. Peterson: I am privileged to submit the final report of the Task Force on Outside Income, Investments, and Post-Service Employment. At your direction, we focused on issues which go to the heart of the American democratic process: 1. The need to restore public confidence in the quality and integrity of the women and men who conduct the affairs of our federal government; and 2. The need to establish and monitor effective standards of conduct for top officials in all branches of the federal government, so as to strengthen this public confidence. The Task Force reviewed applicable laws, regulations and published reports; and also solicited the views of officials in all branches of the government. It relied heavily, too, on the extensive and personal experience and judgment of its members. In view of time constraints and limited resources, it was not feasible, and perhaps not appropriate, for the Task Force to attempt to articulate precise standards of conduct to be applicable to all branches of government. Rather, we have set forth a Statement of Recommended Principles governing the conflict-of-interest issue, with particular emphasis on higher and more explicit standards of conduct, fuller public disclosure, and better auditing and administrative procedures and practices. We are of the view that further action is needed at the highest practicable levels of government for the purpose of determining (a) what the precise standards should be, (b) the extent to which they should be uniform among the branches of government, and (c) how they should be administered in all essential details. This will require not only the proper auspices, but will also entail meticulous care and full participation by representatives of each of the three branches of government as well as by representatives of the public. It has been my distinct pleasure to work with the distinguished members of this Task Force. All of us share your concern about restoring the public's faith in the quality and integrity of government, and we hope that this report will be of some help in your efforts to this end. Respectfully yours, Martin Capa Mortimer M. Caplin Members of the Task Force on Mortimer M. Caplin, Chairman Partner: Caplin & Drysdale Former Commissioner of Internal Revenue Tom Bradley Mayor: Los Angeles, California The Honorable Tom C. Clark Associate Justice of the Supreme Court (Ret.) The Honorable C. Douglas Dillon Former Secretary of the Treasury Ray Garrett, Jr. Partner: Gardner, Carton & Douglas Former Chairman, Securities and Exchange Commission Martha W. Griffiths Partner: Griffiths and Griffiths Former Member U.S. House of Representatives Leon Jaworski Senior Partner: Fulbright & Jaworski William McChesney Martin Former Chairman of the Federal Reserve Board George Romney Chairman: National Center for Voluntary Action William D. Ruckelshaus Senior Vice President: Weyerhaeuser Company |