Disclosure Rules Prompt Exodus From Economic-Development Authority

7/15/16

By Brian Trompeter, InsideNova

The Fairfax County Economic Development Authority is coping with a turnover of more than half its board commissioners after a recent spate of resignations prompted by tougher economic-disclosure rules.

Chairman Steve Davis, vice chairman Michael Lewis and commissioners Bud Morrissette and Mark Lowham in mid-June “elected to step down for personal reasons,” said Gerald Gordon, the EDA’s president and CEO.

In addition, commissioner Sudhakar Shenoy asked not to be reappointed after 14 years’ service, an action unrelated to the other members’ resignations, said Gordon, who declined to comment further.

In their resignation letters, Lewis and Lowham cited the new financial-disclosure rules as the central reason for their departures.

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