North Carolina Innovation Council Elects New Leadership And Will Hire Executive Director To Manage Regulatory Sandbox Operations
Summary
North Carolina Innovation Council elects new leadership and plans search for Executive Director to manage regulatory sandbox operations. CHARLOTTE, N.C., May 13, 2024 /PRNewswire-PRWeb/ -- The North Carolina Innovation Council has elected Doug Hague of UNC Charlotte to serve as Chair and Agnes Gambill West of Appalachian State University to serve as Vice Chair. The incoming leadership will succeed Chair Katherine Bosken, North Carolina Commissioner of Banks, and Vice Chair Lawrence Baxter, Duke University David T. Zhang Professor Emeritus of the Practice of Law. The purpose of the regulatory sandbox program is to provide a short-term testing ground for innovative financial and insurance products or services that are otherwise encumbered by legal and regulatory frameworks. The regulatory sandbox program supports new business opportunities and the development, testing, and experimentation of innovative and transformational products and services by granting temporary regulatory relief.