"Through capital, through restrictions in activities, through liquidity requirements, through executive compensation, through a whole variety of mechanisms, it's important that we limit excessive risk-taking, particularly when the losses are effectively borne by the taxpayer," Mr. Bernanke said.
A funny thing happened after the Securities and Exchange Commission tightened up the disclosure requirements on executive perks in 2006: Companies began to scale back dramatically on the personal jet flights, sports tickets and other benefits they used to slip top executives unnoticed.
It suggested that longer contracts for upper-level managers, along with increased requirements for executive experience, could help slow the revolving door and alter the relationship between management and labor.
This task places high requirements on executive function [ 10] and is thus dependent on performance in the prefrontal cortex, in particular the dorsolateral prefrontal cortex [ 11].
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.
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 rules announced yesterday took into account legislation signed earlier this week by President Bush by eliminating requirements that executives personally certify the quality of financial disclosures and that auditors be hired by companies' audit committees rather than by management.
The collapse of Enron, in particular, highlighted the shortcomings of the requirements on executives to make public their trading in company stock, and their disclosures of important financial information.
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.
In July the network's chairman, Alistair Ross Goobey, recommended in a report that "the fundamental requirement for executive remuneration reporting is transparency.
