These recommendations include: A Simple Due Diligence Disclosure Document, Management Attestation, Standardized Financial Reporting Requirement, and Consistent Regulation of Financial Intermediaries.

FORBES: Equity Crowdfunding Portals Hit the Desert to Prep for 2013 Launches

Ordinary shareholders across Asia are starting to take action to force local corporate elites to improve financial disclosure, stop appointing incompetent relatives and pals to top management and board positions and cease treating public companies as vehicles to enrich themselves instead of all shareholders.

FORBES: Off with their perks!

Pillar 2 focuses on the governance and risk management systems, while the third pillar revolves around the disclosure of a firm?s financial condition.

FORBES: MetLife Girds For European Solvency

Acknowledging no "silver bullet" exists to prevent the past financial excesses from recurring, Paulson called for steps to be taken to ensure enhanced transparency, disclosure and risk management.

FORBES: Fighting The Last War