Bad Pharma's most important message is that full disclosure is needed to prevent us being duped.
Though there is widespread agreement that increased disclosure is needed to increase investor confidence, some experts criticize the directives' heavy bureaucratic hand.
Everyone, including her political enemies, has wished Mrs. Gandhi a full and speedy recovery, even if most people are not certain what she is recovering from, and even if a few have argued that more public disclosure is needed about the health of India's most powerful political figure.
As it is, banks now are using models to measure about $600 billion of assets, Mr. Thompson said, adding that better disclosure is needed to allow investors to assess what assets the banks hold and whether the values shown are based on optimistic or pessimistic assumptions.
Future research on the impact of positive and negative social reactions on disclosure is needed to begin to answer these questions.
Speaking last week at a New York University conference on intangibles, the chairman of the Financial Accounting Standards Board, Edmund L. Jenkins, said he agreed that voluntary disclosures were needed.
The Financial Services Committee called the hearing today as part of its study of what new accounting and financial disclosure laws are needed in the aftermath of the collapse of Enron, and now, Global Crossing.
These concerns are common to many developed countries and under these circumstances, designs that minimise the risk of inadvertent disclosure may be needed in order to gain the cooperation of data custodians, for surveillance systems to be feasible.
In closing the "disclosure gap" an understanding of the views of all members of the healthcare team regarding errors and their disclosure to patients is needed.
Yet it also said that disclosure and transparency were needed to enable voters "to make informed decisions and give proper weight to different speakers and messages".
But full disclosure of such information is needed to reassure the public, Dr. Douglas P. Zipes, president-elect of the American College of Cardiology and head of cardiology at Indiana University School of Medicine in Indianapolis, said in an interview.
