Board of Employee Leasing Companies Meeting Report: December 9
Dec 11, 2008
On Tuesday, December 9, 2008, the Board of Employee Leasing Companies (“Board”) met to reconsider the case against Michael A. Stanley, formerly controlling person of HRE, Inc.
Licensed as a Professional Employer Organization (“PEO”) with Mr. Stanley as the sole controlling person, HRE had ceased doing business as a PEO, but kept its license and stopped making the required filings after Mr. Stanley left the company. HRE never did business as an employee leasing company.
After discussion, the Board members determined that Mr. Stanley should not be penalized for the actions of HRE after he left the company’s employment. The Board dismissed the case for lack of evidence.
Board members expressed frustration with a lack of accountability built into its own governance, and inquired if there was a way to “flag” the other, non-controlling person owners of a company in the Department of Business and Professional Regulation database, so that information on a case such as this would be available if they should start another company and re-apply for a license. It was determined that there is no way to do that at this time.
The meeting was then adjourned.
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