Former Gov. Mike Rounds has been named to the board of directors of a company that plans to build a multibillion-dollar network of transmission power lines across the Dakotas – a job that will pay him $75,000 next year, plus that amount in stocks.
While it’s not unusual that a former politician such as a governor would be named to the board of directors of a private company after leaving office, this appointment has raised concerns about a potential conflict of interest.
That’s because ITC Holdings of Novi, Mich. – the company for which Rounds now works – eventually will need its project to be approved by the South Dakota Public Utilities Commission, where most employees are carryovers from the Rounds administration. That includes analyst Brian Rounds, son of the former governor.
I read about half the story, and got tired of reading all the f’ing excuses and didn’t finish. Kinda reminded me of Chico from SDSU sitting on the board for Monsanto. While it is clear there is a conflict of interest, doubt anything will be done about it, as usual. ITC isn’t that bad of a company after all, they support green energy. Wonder if Rounds knows that? But like a typical Repug in our state, all he cares about is if the check is good.