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Responding to the Enron debacle, President Bush will unveil proposals today to protect investors better through faster and more complete disclosure of information, improved auditing rules and new requirements for executives, officials said.
It is unlikely that much more will be known before annual reports come out this spring, but pressure is building on both sides to provide more complete disclosure of possible outcomes, and of how they reached their conclusions.
As Congress considers legislative responses to the collapse of Enron, President Bush will unveil proposals to protect investors better through faster and more complete disclosure of important financial information, improved auditing standards and new requirements for executives, administration officials said tonight.
A27 BUSINESS DAY C1-14 Bush Investor Security Plan President Bush, responding to the Enron collapse, will offer proposals for protecting investors that call for faster and more complete disclosure of financial information, improved auditing standards and new requirements for executives, officials said.
The proposed measures include shortening the period between the time an approach is announced and when a firm offer is received, requiring more complete disclosure on the part of both companies, giving more voice to employees and introducing more transparency in reporting fees tied to deals.
You might start a movement toward more complete disclosure that would help all offshore fund consumers make better buying decisions.
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Only last year did Ohio tighten its laws to require more complete disclosures to borrowers.
The plan would also require lenders to make more complete disclosures about payment terms to home buyers.
Requiring more complete financial disclosure from corporations would surely be helpful.
"The S.E.C. is requiring more complete (transparent) disclosure in many cases," Mr. Lee wrote in an e-mail, adding that the risk of overbooking was recognized when the rules were written.
When people fear being stigmatized they will want more complete control over disclosure of genetic tests results, even to other health care providers, and may want to be consulted every time this potentially stigmatizing information is requested.
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