Seeking improved accountability in the wake of the FIFA bribery scandal, North American regional government body CONCACAF announced on Tuesday that a Miami law firm would evaluate all of its operations.
The move comes after CONCACAF officials were among those named by US federal investigators on charges of fraud and money laundering in connection with securing votes for major decisions by the global board.
CONCACAF hired Alvarez & Marsal to assess all operations, with Carlos Vincentelli, a managing director in the firm’s Miami office, leading the outside team that is to spend four to five weeks evaluating CONCACAF finances and operations, and suggesting measures to improve its effectiveness.
‘BENEFIT’
“We are extremely pleased to welcome Carlos and looking forward to working with Alvarez & Marsal,” acting CONCACAF general secretary Ted Howard said.
“The confederation will benefit from the broad perspective and experience that Carlos brings from outside the world of soccer,” he said.
“This will help ensure the confederation operates at the highest level of organizational efficiency and accountability going forward,” Howard added.
IMPROVEMENT ADVICE
The assessment panel is to suggest improvements to financial reporting methods, spending and cash flow management, managing third-party vendor relationships and organizational structure.
CONCACAF announced it has also engaged Global Strategy Group to assist with public affairs and communications regarding reform efforts, while Sidley Austin remains CONCACAF’s legal counsel.
CONCACAF is comprised of 41 national governing bodies in the North American region. Its major biennial championship, the Gold Cup, is to start next week in the US.
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