The Federal Deposit Insurance Corp. (FDIC) announced the selection of Boston Consulting Group (BCG) Federal Corp. to guide the agency in implementing its action plan for a safe, fair, and inclusive work environment, as mandated following the independent investigation into claims about workplace misconduct within the agency earlier this year.
The selection comes on the heels of recommendations from the FDIC Office of the Inspector General, aimed at addressing concerns detailed in the report issued by the law firm Cleary Gottlieb regarding its findings of sexual harassment and bullying within the agency.
The selection process was competitive and BCG Federal reportedly stood out during the public solicitation process based on its extensive experience in helping to shape workplace culture and change management. The firm has a strong track record of assisting public and private sector clients with workplace culture transformation, fostering psychological safety, and leadership development, according to an FDIC press release.
The firm will work directly with the FDIC Board of Directors and is expected to play a critical role in reshaping the FDIC’s internal environment.
The agency also announced the selection of a transformation monitor to independently audit and evaluate how effectively the FDIC implements its workplace reforms. This organization will engage with BCG Federal to ensure that changes are realized and sustained, marking a significant step in the FDIC’s response to concerns over its workplace culture and commitment to fostering a safer, more inclusive environment.
Recent public attention on the FDIC’s internal practices has highlighted the importance of these reforms, as the agency seeks to rebuild trust and accountability within its ranks. The involvement of BCG Federal and the transformation monitor reflects the FDIC’s efforts to address these challenges and move toward a more equitable work environment, the agency said.