Results of Global Session Provide Direction
International financial disclosure is a global issue that has been described as a “significant contributing factor to the Asian Economic Crisis.” Leaders are no longer blindly make decisions about stock markets.
The six panelists attending the session offered a range of approaches that could improve financial disclosure. Four essential concepts emerged:
1. Corporate governance is vital to ensure the quality of data
2. Transparency must be connected to accountability
3. A new reporting strategy must be developed which verifies the benefit of financial transparency
4. Public and private sectors must work together to find a solution
The session was moderated by Rick Murray, Director of Legal and Regulatory Affairs for DTT. Panelists included Matthew Saal, Director of Medley Global Advisors; Dr. Buhmsoo Choi, Senior Counselor for the Korean Financial Supervisory Commission; and Dr. Nilanjan Sen, Senior Fellow at Nanyang Technological University of Singapore.