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Och-Ziff Capital Management board creates corporate responsibility, compliance committee

The board of Och-Ziff Capital Management Group LLC has established acommittee on corporate responsibility and compliance.

The move follows a settlement with the SEC and the entry into a deferredprosecution agreementwith the U.S. Department of Justice related to international bribery .The company will pay an aggregate of $412 million in penalties.

The board reassigned director to serve as the chair ofthe new committee. Barr is a former attorney general of the U.S.