Summary
The SEC held a great meeting and pondered what to do. When it was done, it told the companies: you must disclose. Disclose your compensation; disclose your risks; disclose whether your compensation plans tempt your executives to take risks. Disclose why your company is structured the way it is; disclose the skills and experience your directors have. Disclose, disclose, disclose.
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Extract
The Real Crisis in Regulatory Reform
Once upon a time, the United States had a crisis. Our financial system collapsed; our investment funds were exposed as Ponzi schemes; stock prices cratered; and unemployment soar...
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(Copyright 2011)
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