The scandal is also likely to intensify pressure for improved disclosure.
Legislators on both islands bridle at the term "tax haven" and insist they have improved disclosure and tightened regulations.
The company enraged investors after it floated in 2007 because it was not open about its trading, but improved disclosure and booming profits helped to win over critics.
"We're taking a vital step toward improved disclosure and, hopefully, better safety for our communities and the halfway-house residents and employees".
Some funds already have such fees.Moreover, the agency is pushing for improved disclosure by obliging funds to reveal their policies on the valuation of their investments.
In a statement yesterday, the heads of the five major accounting firms said that they planned to recommend to the S.E.C. improved disclosure rules for the kind of partnerships that Enron used.
In a presentation to investors, East said the Derby-based company had a strong underlying business but he promised a review of its operations, improved disclosure to investors, and a simpler business that would let engineers get on with their jobs.
In addition, improved disclosure can help investors to make informed investment decisions.
To critics, improved disclosure of retirement plan costs appears long overdue.
Improved disclosure and patients' right to obtain information about their condition is usually supported by the principle of autonomy, and non-disclosure by the principle of beneficence [ 18].
