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Boston Consulting Group (BCG) has appointed a new chief risk officer to oversee tougher internal controls and whistleblower procedures after the controversy over its work in Gaza. The consulting firm said Thursday that Amyn Merchant will succeed Adam Farber, who resigned in July following revelations that the firm helped set up the Gaza Humanitarian Foundation, whose launch was marred by the deaths of hundreds of Palestinians. In recent weeks, BCG has formalized guidelines on how it will work with humanitarian groups going forward and set some restrictions on work in active conflict zones. Leaders inside the firm said they are also working to reinforce its evaluation and approval processes for social-impact work.
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