• In light of events in the US such as the Enron scandal, passage of SAR_BOX, and the collapse of the large lenders, banks, and brokerage houses more recently, what do you think the benefits and hindrances are of a rules-based versus principles-based approach to Standards Setting?
• Given our move to a more global economy, what do you think the benefits would be for establishing common standards?
• What are the things that are hindrances or challenges to doing that?