Meet the Senior Management Team

L. Ray Bishop, Esq.


Richard C. Nott


Richard Lowell McDaniel

Founder & Chief Executive Officer

C. Ron Hayes

President - Insurance & Risk Management Services

Lynn Benway

President – Smart Governance & Boardroom Consulting Services

Lina Jayme

Executive Vice President – Insurance Operations 

Kent Johnson

Sr. Vice President - Direct Sales & Account Management  

Craig Mulch

Outside Consultant

President, Fiduciary Performance ADVANTAGE



       Tracing the Early Collaboration of Bishop, Nott & McDaniel

By the mid 1990's Rick Nott and Ray Bishop recognized that the Internet was one more powerful indication that the conduct of commercial activity was in the process of being forever changed. Certainly, they were impressed by the profundity of changes that the new communication technology was likely to elicit. But they had observed, up-close, for two-plus decades a continuing rollout of technology-based innovations, cultural upheavals, revolutions in financial markets, and other shifts in the macroeconomic topography.

They viewed with alarm the practice of losing touch with the customer, cavalierly fracturing the commitment to employees and the unseemly practice of treating shareholders like they’re the enemy. But they were also confirmed by the new genre of cooperative business relationships that were unfolding everywhere. They watched competitors acting like allies. They saw the fortress walls around companies becoming more permeable and less resistant to visitation and even residency by other companies. They witnessed thousands of people with different skill sets and interests working long hours because of a passion for doing something well. It was fun to observe a new hero in the American line-up – the bright, independent, tough-minded, obsessed entrepreneur. 

Because of the depth and variety of their business experience, Messrs. Bishop and Nott were never fooled by what you should expect from new tools and technologies. They were accustomed to "looking through" tools and technologies to the resulting enhancement of value creation functionality. They were on solid ground with the proposition that you don’t run out and buy new technology for technology’s sake. 

They set about to identify the generic survival criteria, the necessary and sufficient conditions which must obtain for a commercial enterprise to remain competitive in the 21st century. 

In a parallel universe in Dallas, Texas, Richard McDaniel was creating the protocols for how commercial enterprises would be funded in the future. While Nott and Bishop examined the radical new tools and technologies and searched for their implications for reengineering business practices, McDaniel was studying the power relationships between the major economic stakeholder groups – corporate leaders (officers and directors), employees, shareholders (institution investors like pension funds), customers, vendors and regulators. McDaniel saw the turbulence in the shifting power relationships and contemplated alternative strategies to fashion order out of the emerging chaos by delivering to each stakeholder group the quality and quantity of outcomes each coveted. 

The question McDaniel posed for himself and his research team was: What kind of control mechanism can connect the boardroom, the institutional investor, the employee, upstream and downstream vendors and customers, and regulators? And what kind of control mechanism – which connects these diverse stakeholder groups – can leverage the authority required to reengineer the way capital flows from institutional investors to corporations in the form of debt and equity funding?

The short answer to both of McDaniel’s questions was the Decision Accounting Operating System (DAOS) - a decision science-based value creation architecture that holds officers and directors accountable to superior fiduciary performance and optimizes the preferred outcomes for shareholders, employees, regulators, customers, vendors and the fiduciaries. These outcomes are rendered by vigorous prosecution of the generic mission of the corporation – which is the methodical achievement of competitive advantage in the firm’s marketplace(s). 

When Nott, Bishop and McDaniel began to share their respective visions of the future, several layers of compatibility were discovered. For example, they saw the future firm’s technology makeover as congenial with fiduciary decision making and corporate governance makeover. They saw that they could lift the generic value creation architecture out of the Decision Accounting Operating System and use it as a template for reengineering firms with new technologies and partnering relationships and infrastructures and competitive strategies.


The union of the three was formalized with the collaborative development of the Unified Business Operating System (UBOS). UBOS is a 21st century, digital age operating system and catechism for the elicitation of a high performance corporate culture. Several of the impact elements of UBOS have been disaggregated from the operating system and repackaged as stand-alone product offerings. In these disaggregated renderings – as in the present case of Fiduciary Guaranty Corporation of America - UBOS is embedded in the corporate consciousness via language inserted in the by-laws and authoritative mission statement. 

The goal of every single for-profit corporation is – or, should be – to methodically create a superior value for its customers in a way that allows delivery of a superior return to its shareholders. This dual-objective mission can only be achieved by establishing and retaining a significant competitive advantage in the marketplace. 

The body of work of the Founders has been heavily concentrated in the development of technologies, systems and protocols for empowering the corporation to reliably and efficiently achieve and maintain a prodigious competitive advantage in its market venue. All strategies, systems, technologies, alliances and personnel must champion this core value in order to fulfill the corporation’s generic mission. 

The gauntlet picked up by McDaniel, Nott & Bishop was the engineering of a new breed of fiduciary risk management criteria operating on a platform of boardroom decision making controls embedded in the ad hoc Decision Audit engagement portion of the Smart Governance program. The manifest result of addressing that challenge has been briefly presented in the pages of this website. 

Below are synopses of the Founders professional backgrounds. 

RICHARD LOWELL MCDANIEL is Chief Executive Officer of Fiduciary Guaranty Corporation of America (FIG), Founder and Director of Strategic Intelligence Corporation of America, R3X.Net, Inc., Communications Venture Services, Inc. (CVSI), and the Smart Capital Private Securities Exchange. He has developed a focused consulting practice over the last twenty years specific to the issues of fiduciary performance and corporate governance. He works with Boards of Directors that are committed to elevating the quality of their corporate governance practices and intent on delivering superior shareholder value. Dr. McDaniel is the primary creator of the discipline of Decision Accounting™ and the Ad Hoc Decision Audit™ Technology upon which it is based. 

Previous to his work in corporate governance, Dr. McDaniel developed and adapted various behavioral technologies, including behavioral decision theory and decision analysis, for use in business practice. His past positions include: Managing Partner of Value Creation Metrics, Inc., a consulting firm which specialized in the reengineering of strategic value creation processes instrumental to the achievement of competitive advantage; President and Chief Operating Officer of Mortgage Banc of Dallas; Regional General Sales Manager for Pulte Home Corporation in Dallas/Ft. Worth, where he supervised the sales and mortgage lending functions and subsequently developed the first Fannie Mae approved nodown payment mortgage in the industry, in the early 80s, by reanalyzing FHA and VA foreclosure data according to different risk assessment criteria. 

Earlier in his career, Dr. McDaniel was one of five inside advisors to, and representatives of, H.L. Hunt of Dallas (Hunt Oil Company) at a time when Mr. Hunt and J. Paul Getty were regarded as the two wealthiest men in the world. It was during his association with Mr. Hunt that he developed a profound interest in boardroom decision making. 

A native of Beaumont, Texas – Dr. McDaniel was graduated from Harvard College in 1969 and was nominated by Harvard for a Rhodes Scholarship. He subsequently earned a Ph.D. in experimental psychology from the University of Texas (Arlington), where he specialized in human judgment and complex decision-making under conditions of risk and uncertainty. His doctoral dissertation examined the previously unknown impact of information configuration on risk preferences for financial outcomes equivalent in expected value, but differing in variance, skewness, kurtosis and other central moments of the distribution. 

Dr. McDaniel is a present or past member of the Society of Bayesian Psychologists, the American Psychological Association, and the National Association of Corporate Directors. He is Chairman of the Board of Governors of the Decision Accounting Standards Board and is a member of the board of Press on Foundation. He is a past member of the board of the ACLU of Texas, Dallas Chapter. Dr. McDaniel previously served as President and Chairman of the Board of Directors of the Dallas Jazz Orchestra. He is also a member of the Schools Committee of the Harvard Club of Dallas, which organizes and conducts interviews with local high school students applying for admission to Harvard. 

L. RAY BISHOP, J.D.,is a Founder, Officer and Director of Strategic Intelligence Corporation of America, Communication Venture Services, Inc. (CVSI), R3X.Net, Inc. and a Founder of R3X Global Capital Group, LTD, Fiduciary Guaranty Corporation of America, and the Smart Capital Private Securities Exchange.

Mr. Bishop has over 50 years of professional and managerial experience in civil and criminal law, business development, military sciences, public service and philanthropy. From 1995 to date, Mr. Bishop has been President and Chief Operating Officer of Internet Ideas Unlimited, Inc. (IIUI), the think tank behind Communication Venture Services, Inc. Additionally, he has been Managing Partner of the law firm of L. Ray Bishop and Associates and prior law firms since 1966 and has held numerous executive and committee positions with the American Bar Association (ABA), Michigan State Bar Association, Michigan Trial Lawyers Association and Washtenaw County Bar Association.


These positions included chairing the Washtenaw County Bar Association, the Washtenaw County Trial Lawyers Association and the Law Practice Management Section of the American Bar Association. Mr. Bishop was an Assistant Prosecuting Attorney from 1964 through 1966 and an officer in the United States Navy from 1957 to 1960. He has a Juris Doctor Degree from the University of Michigan and a Bachelor of Science Degree from the University of Utah.


Mr. Bishop has been an officer in and on the Boards of numerous companies including; Central Title Service, Inc. (Secretary and Board Member); Credit Services of Michigan (Board Member); RVT Corporation, Inc. (Board Member); Technology Center (Partner); Washington Street Associates (Partner), Wolverine Holding (Secretary and Board Member). He has also been an active leader in philanthropic and public service organizations such as the Ann Arbor Cancer Society, Ann Arbor Police Officers Association, Masonic Lodge and was a member of the State of Michigan Mental Health Advisory Board.


He is the author of several law related books and other publications, has lectured extensively throughout the United States, and has been listed in numerous biographical collections.


RICHARD C. NOTT is a Founder, Officer and Director of Strategic Intelligence Corporation of America, Communication Venture Services, Inc. (CVSI), Chairman and Chief Executive Officer of R3X.Net, Inc. and a Founder of R3X Global Capital Group, LTD, Fiduciary Guaranty Corporation of America, and the Smart Capital Private Securities Exchange.

Mr. Nott has distinguished himself as a forward thinker in understanding the value creation and risk attenuation implications of digital age technologies on the internal value chain configuration of operating companies. He has been effective in conferring these transformative insights on the formulation of generic and particular competitive strategies and their prosecution into competitive advantage for companies in a wide range of venues.


Mr. Nott’s body of work derives from 35+ years of senior level professional and managerial experience that spans manufacturing, commercial development, business-to-business sales, information technology, real estate investment and consultancies at the board and corner office level.


From 1972 to 1976 Mr. Nott was Midwest Technical Director for the Sports Division of Kawasaki Motors, based in Grand Rapids, MI. From 1976 to 1991, Mr. Nott held the position of Managing Partner in N&N Holding Company, a Livonia, MI, based real estate development and investment firm. From 1993 to 2000, Mr. Nott was Chairman/ CEO of Internet Ideas Unlimited, Inc. (IIUI) of Ann Arbor, MI, the think tank behind Communication Venture Services, Inc., IIUI provided full service network and information services to commercial companies such as Motorola and similar regionally based industries.


Mr. Nott holds a BA degree from Thomas Jefferson College and has done extensive graduate work in Business Administration.



Aggregating the Team


The development of a value proposition and a product offering that instantiates it … is an important first step. Taking it to market requires fielding a first class management team that can acquire the clients, serve them in a superior fashion and provide a strategic plan capable of methodically enlarging the company footprint.


The Founders wanted a coterie of players which was insurance savvy, exceptional in their ability to execute, conferred with the intellectual firepower to think on their feet and responsive to marketplace feedback and emerging opportunities.


Operations Leadership and Management


Richard Lowell McDaniel

Founder & Chief Executive Officer


Dr. McDaniel, along with Mssrs. Nott and Bishop, is the chief architect of the Smart Governance program with its crown jewel product offering – the ad hoc Decision Audit. Dr. McDaniel’s career working with corporate boards as a human judgment and complex decision making expert provides the technical ballast that combines with the performance capability contributed by the other management team members. See above for detail.


Ron Hayes

President, Insurance & Risk management Services


Ron is the consummate insurance professional. His background extends from a marine specialty to multiple property and casualty lines. His role has migrated from agent to broker to senior executive and he was conferred with Lloyds-of-London cover-holder status – binding Lloyds cover in the U.S. - for many years.


The more impressive element that derives from Ron’s 45+ years experience in the industry is his focus on what he calls the “temporary monopoly.” He has initiated and developed innovative products which satisfy the temporary monopoly criteria.


His skill set spans the client acquisition, underwriting, client servicing and claims administration areas. Ron’s “rolodex” portrays a rich and varied portfolio of industry leaders in carrier, broker and risk management companies. These relationships have facilitated the establishment of strategic alliance connections that empower the elicitation of sales channels and client-acquisition.


Lynn Benway

President – Smart Governance & Boardroom Consulting Services


Every operation consists of specific, critical functionalities that must always be executed with precision. Lynn’s responsibilities center on the delivery of client services and measuring and managing client expectations. Her understanding of the mission of the Smart Governance ad hoc Decision Audit and the mechanics deployed to achieve it … enable her to monitor and adjust quality according to the standard of excellence stipulated.

Lina Jayme

Executive Vice President – Insurance Operations


Regulatory and technical differences distinguish an insurance operation from all other types of commercial business. Lina Jayme is experienced, highly recognized and honored within the industry for her superior capabilities and performance in administering diverse kinds of insurance programs from a zero-tolerance-for-error platform.


Craig Mulch

Debt & Equity Funding


Craig is CEO of Fiduciary Performance ADVANTAGE; he works in a consulting capacity with FIG on capital formation issues. He is a Wall Street veteran with experience that spans broker-dealer management, securities trading, traditional capital formation activities from private placements to IPOs to secondary and tertiary issues, expertise in cross-border regulatory and settlement issues and the understanding of contemporary electronic trading platforms as they apply to the business issues of investment instrument trading, clearing and regulating.


Kent Denny Johnson III

Sr. Vice President - Direct Sales & Account Management


Kent is an accomplished presenter before large an small groups, an experienced negotiator and has closed more than $90 million in new accounts over the last fifteen years. His repertoire of skills includes one-on-one facility with senior executives and the hiring, mentoring and managing  a professional sales force.