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In 1931 The Commission was formed by the Five Families (five leading New York City mafia families), one of which was that led by gangsters Charlie [Lucky] Luciano, Meyer Lansky, Benjamin [Bugsy] Siegel and Salvatore Maranzano.
Luciano's conception was that it would act as a Board of Directors for the New York Mafia, refereeing disputes between the families, similar to the eponymous body of a legal incorporation. Luciano was the first Chairman of the Board.