https://www.youtube.com/watch?v=-5ZqT9ZtJQE
https://www.churchofjesuschrist.org/stu ... r?lang=engDick Edgley GC 2006 wrote:Sadly, some of the greatest missing values in today’s world are honesty and integrity. In the past few years an increasing number of business leaders have been exposed for dishonesty and other forms of bad behavior. As a result, tens of thousands of loyal, long-term employees have lost their livelihoods and pensions. For some this has resulted in loss of homes, change of education and other life plans. We read and hear of widespread cheating in our schools, with more concern about receiving a grade or degree than learning and preparation. We hear of students who have cheated their way through medical school and are now performing complicated procedures on their patients. The elderly and others are victims of scam artists, often resulting in the loss of homes or life savings. Always this dishonesty and lack of integrity are based on greed, arrogance, and disrespect.
In Proverbs we read, “Lying lips are abomination to the Lord: but they that deal truly are his delight” (Proverbs 12:22).
https://www.sec.gov/litigation/admin/2023/34-96951.pdfSEC Order wrote:On March 15, 2005, the Church became aware that the public might link this first LLC to the Church because the person signing the Forms 13F was listed in a public directory as a Church employee. To address this issue, on March 21, 2005, the senior leadership of the Church approved a new reporting entity to be created with “better care being taken to ensure that neither the ‘Street’ nor the media [could] connect the new entity to Ensign Peak.”
On November 6, 2015, the senior leadership of the Church approved Ensign Peak’s plan for the creation of additional Clone LLCs to further prevent disclosure of the Church’s holdings managed by Ensign Peak. Ensign Peak formed six additional Clone LLCs, bringing the total to twelve.
Throughout its history, at least once each year, Ensign Peak’s Managing Director met with the senior leadership of the Church to discuss Ensign Peak’s activities, including at times the LLC Structure. Unanimous approval from the senior leadership of the Church was required before Ensign Peak could deviate from the LLC Structure and file Forms 13F in Ensign Peak’s own name.
