RegulationAccounting StandardsBrown calls for more transparency and disclosure

Brown calls for more transparency and disclosure

Prime Minister says that there must be greater openness in the books of companies in the future

Gordon Brown has said that companies should make greater efforts to be more
open about their assets and liabilities in the future.

In a letter to The Times, the Prime Minister called for listed businesses to
shed more light on their holdings.

‘We must have stronger international rules for transparency, disclosure and
the highest standards of conduct,’ he said. Successful market economies need
trust, which can only be built through shared values.

‘So as we reform our financial system we should encourage hard work, effort,
enterprise and responsible risk-taking – qualities that markets need to ensure,
so that the rewards that flow are seen to be fair.’

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