Acknowledging no "silver bullet" exists to prevent the past financial excesses from recurring, Paulson called for steps to be taken to ensure enhanced transparency, disclosure and risk management.
These recommendations include: A Simple Due Diligence Disclosure Document, Management Attestation, Standardized Financial Reporting Requirement, and Consistent Regulation of Financial Intermediaries.
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Vortmann requesting a comprehensive audit of the fund, Shipione listed a slew of concerns, ranging from conflict of interest and disclosure policies to risk management, asset allocation and investment strategies.
The change to Section 203 of the Labor Management Reporting Disclosure Act was first proposed in the waning days of the Clinton administration and then shelved by the incoming Bush administration.
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One area where every nation is on its own is the disclosure requirements for top-management pay in public corporations.
Sarbanes, he explains, requires companies to maintain internal procedures that enable them to meet their SEC disclosure obligations, and further require management to certify that those procedures are in fact effective.
Management also concluded that its disclosure controls and procedures were ineffective at March 31, 2012.
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It finds that out of 50 deepwater risk disclosure scores on key metrics including spill response procedures and drilling risk management, only four scores were good, and 29 (nearly 60 percent) were poor or no disclosure.
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In another unfortunate decision that suggests ISS is shifting from advisor to activist, the organization joined the Center for Political Accountability and Walden Asset Management two leaders in the disclosure movement in a Webinar on the subject last week.
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After the disclosure, Rainwater's organization asked the Federal Emergency Management Agency to return some of the extensive stockpiles of household goods that had been purchased as "starter kits" for people living in trailers after Hurricane Katrina.
Ordinary shareholders across Asia are starting to take action to force local corporate elites to improve financial disclosure, stop appointing incompetent relatives and pals to top management and board positions and cease treating public companies as vehicles to enrich themselves instead of all shareholders.
As electronic health records (EHR) have been getting adopted along with so-called patient portals (disclosure: my company is a patient portal and relationship management company), a consumer quickly finds themselves in a situation where they have several different user id and passwords to get at pieces of their health records.
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Greater disclosure, if compelled by public outcry, could transform the money management business and prove the undoing of many managers.
Pillar 2 focuses on the governance and risk management systems, while the third pillar revolves around the disclosure of a firm?s financial condition.
Disclosure: Mr. Wisdom, associates, and clients of American Money Management LLC may buy or sell securities mentioned without prior notice.
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The best practices this group's document speaks to better on-site waste management practices, more recycling of wastewater, progressive fracturing fluid disclosure, and protecting private water supplies are vital concepts of responsible gas development.
In the interest of full disclosure, I recommended ACM in the April 7 issue of my newsletter and management, employees and subscribers may have holdings from lower prices. (The stock has gained 6.1% in the two weeks since, but we believe it has room for additional gains).
When the public company is in the business of money management, offering its services to the investing public, the degree of disclosure required is far greater because of the multiple securities statutes that apply, i.e.
Disclosure: I am the portfolio manager for mutual and hedge funds advised by Marketocracy Capital Management, an S.E.
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Disclosure: I am the portfolio manager for mutual and hedge funds advised by Marketocracy Capital Management, an SEC registered investment advisor.
While we cannot conclusively determine that managers are providing selective disclosure in these off-line settings, our evidence does suggest that selective access to management conveys more benefits to investors than public access even in the post-Reg FD period.
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They are called wealth-management products, which some Chinese regulators have said are sold with limited oversight or disclosure of what they contain.
That report, now scheduled for the end of July, will examine the existing regulatory framework applicable to the money management profession, requirements to disclose violations to the SEC and the more limited public disclosure obligations.
Apart from disclosure transparencies and all that, you need people who are following through on these, making sure that management responds to important questions.
Disclosure: I am the portfolio manager for separately managed accounts, mutual and hedge funds advised by Marketocracy Capital Management, an SEC registered investment advisor.
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In Hong Kong, Chau expects that falling interest rates will help stocks as a whole, especially such blue-chip property developers as Cheung Kong and Sun Hung Kai Properties, both Chau holdings, since lower borrowing costs should stimulate demand for property. (Fair disclosure: Through cef Holdings, Cheung Kong is an investor in Chau's employer, TAL CEF Global Asset Management).
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