NC treasurer Cowell announces offices changes

RALEIGH — North Carolina State Treasurer Janet Cowell says she’ll change how her office does business so the public can see more clearly how investment decisions are made.

Cowell on Thursday announced reforms her office will follow or seek through the Legislature.

She said many current and future high-level employees won’t be able to lobby or market services to the Treasurer’s Officer for a year after leaving their posts. Investment performance and asset allocation of state investments will be posted quarterly on the
office Web site.

Cowell also plans to hire an independent consultant to evaluate the investment program in her office.

The announcement comes during Sunshine Week, which is spearheaded by media organizations to highlight freedom of information laws.

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