We reaffirmed our commitment to deepen trade and investment ties and welcomed the launch of the 2013 ASEAN-U.S. Trade and Investment Framework Arrangement (TIFA) Work Plan.
If approved, that plan, a Company Voluntary Arrangement (CVA), will be drawn up by the club's joint administrators from UHY Hacker Young and distributed within five business days of Thursday's meeting.
And more troubling is the suggestion that the whole arrangement be kept secret from the public (though the Boston Globe story today is likely to derail that plan).
The new plan was announced after The Wall Street Journal reported that Citigroup is shelving an unusual executive profit-sharing arrangement that raised hackles with investors following its adoption in 2011.