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Implementing Best Practice Standards To Achieve Systemic Reform: The Fiduciary Responsibilities of The Private Sector
(Abstract)
The international community has agreed that adopting and implementing best practices standards in key policy areas is a viable initiative to improve the global financial system and crisis prevention. To achieve these objectives, market incentives are required. It is now feasible for the private sector to take a pro-active role in promoting the standards movement; it is the fiduciary responsibility of the private sector to do so.
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