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[Defeated] Securities Issuers Governance and Disclosures

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Simone Republic
Minister
 
Posts: 2327
Founded: Jul 09, 2019
Capitalist Paradise

Postby Simone Republic » Tue Jun 06, 2023 8:43 pm

Refuge Isle wrote:
Simone Republic wrote: within the confines of 5,000 characters.

You do not need to spell out the specific legal text of what you want member nations to create, since you (as the WA) are directing them to make their own regulation. Many resolutions stipulate what should be accomplished when ordering member nations to create rules. This is the first proposal I have seen that stopped at just saying "some rule should be created", avoiding entirely the question of what at all should be required or banned.

Your resolution's "competent regulator" could have been a new or existing WA agency which has no bias in assessing what rules would be best for protecting investors. Your resolution's "competent regulator" could have been a hypothetical panel of financial experts from your nation with a set of requirements on their appointment such as whether they have investments, history, or other interests in the area they are overseeing. Your resolution's "competent regulator" could have been a member nation's government, given a mandate of protecting consumers and investors from exploitation. There's a variety of ways that you could have made this even moderately less corruptible with 1-2 sentences. It certainly would have been a better use of space than to define a WA member nation, or say that that places with directors could have a policy for appointing and removing directors if they exist.

Your text says that the regulator should create some kind of rule regarding disclosure of all forms of remuneration paid to directors and officers. It's honestly more likely than not that the rule created would keep the information private or heavily restricted to those that already know the information. You could have easily required the director and officer pay to be publicly reported, or publicly reported to the firm's workforce, and it would have taken just as much space. The existing clauses could be clauses that have teeth or bold requirements, with minor tweaks to their wording and the clause they're nested in.

I think the issue here is less of space and more of hesitation to actually outline requirements like I've done above. Faced with indecision about what shape of the resolution's teeth should be, you elected to sand them down to nubs.


To be honest, I misjudged the sentiment and balance for Natsov vs Intfed. This would return as more Intfed and tighter regulations.
Last edited by Simone Republic on Wed Jun 07, 2023 6:18 pm, edited 2 times in total.
(It).

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Tinhampton
Postmaster-General
 
Posts: 14473
Founded: Oct 05, 2016
Civil Rights Lovefest

Postby Tinhampton » Thu Jun 08, 2023 9:02 pm

"Securities Issuers Governance and Disclosures" was defeated 10,784 votes to 2,882. (21.09% support)

For: 2,882: Gorundu (1,046), The Glorious Hypetrain (95), Rayekka (91), Staidear (73), Oogway (43), Romanovskaya (37), Sjevre (31), Untecna (17), Tinhampton (16), Reino do Brazil (12), Coneiconia (9), Cosweland (8), Xinhao (8), The dying tree ab3 (8), Astronia (7), Kakastania (7), Santa Thereza (7), Jibuti (7), GoldSilver918 (6), South Sulphur (6), Natzinville (6), Angladen (5), Ulissebuerg (5), Heneraton (4), Crab (4), Kylarnatia (4), Kabarovsk (4), East Lago (4), The empire of chumperdoink (4), Technoco (3), Banotte (3), Mancel Rictor (3), Island of Avalon (3), Leoland3 (3), Maltitalerland (3), Arcurric (3), Joeyist Union (3), Free Scandanavia (3), Astreopa (3), Alcala (3), Blazekinland (3), Osoa (3), Verkhoyanska (3), Yumerthia (2), Zeon VI (2), A G O T I FNF Mod (2), Kelzay (2), Likorya (2), Dolphinicus (2), Xeknos (2), Lacmhacarh (2), Anchoracstan (2), Maroiogogistan (2), Whador (2), Galactic Powers (2), Sedgistan (2), Charliston (2), Russia Federation UUUR (2), Northern Bucovina (2), Making Catgirls Real (2), New Pan Am (2), The Kingdom of the Kekistan State (2), Lenthael (2), Von Zeischter (2), Dracos - Haven (2), The Cienordia (2), Kolechniya (2), Djisland (2), Eastern Slavinia (2), Gleepensta (2), Clandedai (2), Char Aznable Neo Zeon (2), John Browns Kansas (2), People freedom China (2), Kevinia (2), and (1,202) individual member nations.

Against: 10,784: Tepertopia (702), Kethania (684), Altys (517), Overthinkers (500), Imperium Anglorum (418), Lenlyvit (320), Malphe II (229), Catalyse (221), Mechanocracy (210), Sylh Alanor (198), Podria (191), Le Libertia (184), Socialist Platypus (174), South Boston Irishmen (117), Witchcraft and Sorcery (97), Deims Kir (88), New Asden (83), Verdant Haven (77), Ramelia (72), The Salaxalans (64), Student Loan Debt (63), Aerlion (63), Wintermoot (63), Lesser Velutaria (62), New United Common-lands (59), Suomalainem (57), Marim Grunzy (50), 9006 (49), Lave Deldederady (49), Long Live The Henrarchy (46), Kiev-Russ (40), Bearded Dragones (32), Herya (30), Savonir (30), Nova Cyanis (29), Indusse (28), The Union of Costa Rica (26), Marxosia (26), Sanctaria (26), Magical Girl Emi (25), Ignilacrim (22), Sudoeste (22), Jurait (22), Cruciland (21), NewTexas (21), Gideon (21), Gran River (20), Felix Femboi (17), Low Woodland (17), HoldersOfLife (16), The United States of Naru (15), Densaner (15), Isaris (15), Olinasha (15), Holy Anderele (15), Haltoria (14), Tubrita (14), Ynys Dywyll (14), Equa Lib (13), Mark (13), Kingdom of Englands (13), Thee Imperium 0f Man (12), Eshington (12), Lennonia (11), The Perfect Utopian Society (11), Baloo Kingdom (11), Revengi (10), Phydios (9), Haaton Prime (9), Siluvia (9), The Spanish Coast (9), Axorian (9), The Voltarum (9), Brocklandia (8), Sul American (8), Rulsolia (8), The Bolivian Socialist Falange (8), DeMoNiC sAtAn (8), Aura Banitia (8), Madrocea (8), Greater Cuba (7), OmegaShenron (7), Vulxo (7), Rogue River (7), Kovistanka (7), The Shadow Fold (6), The Ambis Government Puppet (6), Vegaga (6), Wadelhelpia (6), OF Courscant (6), Kartunesia (6), Chodean Kal (6), Albarusija (6), The United Arab Democracy (6), His Majestys Royal Guard (6), Lurusitania (6), Pax Victoria (6), Landbang Rkipo Islands (5), Kater Cas (5), Ayelsbury (5), Olfasgesvet (5), Comunist Land1 (5), Awesomeness (5), The Fedora (5), New Delfos (5), The Palentine (5), Kranolia (5), The Ruby Ranch Republic (5), Stratocratic-Anarchy Oceanic Empire (5), Robo Topia (5), Meercovo (5), Weirdiron (5), Regione Civium (5), Acelandia (5), North Portu (5), The Lonely Peak of a Forgotten Mountain (5), Rust Islands (4), Voxija (4), The 2nd Facepunch Republic (4), Nytocho (4), Reapertorium (4), Nationuraniume (4), Bernelia (4), Chap Ven (4), Rookerand (4), East Ustoslavia (4), Great Libertona (4), Emmiria (4), The United States of Azania (4), Potent race (4), Union of Soviet State Republics (4), Gatchina (4), The Grand Kingdom of Elsweyr (4), The Great Cyng (4), The Soviet state of Svalbard (4), Cyrisk (4), Gerowellia (4), Wabacha (4), Toriniall (4), The Immortal Fire Nation (4), EducatedPlum (4), Tulamanapasatakalaha (4), Wobbegong (4), Reactorland (4), Spooooon (3), Volgia (3), Kolloquia (3), Gandoor (3), Pirates and Buccaneers (3), The Isles of Bermuda (3), Estotu (3), Sherpus (3), Radio TV Solutions (3), Gonzlandia (3), Lycantine (3), Herby (3), Hustlertwo (3), Flor-Fina (3), Golanchia (3), Fahran (3), Qeru Iaslnd (3), New Zenasia (3), Imperial Holia Myzkaaria (3), Kleinekatzen (3), Eyesore (3), Brazil FS (3), Verlos (3), Rasika (3), Lysset (3), Militarai (3), Cardvault2 (3), Pulastan (3), Asurias (3), CHAMPER OF ANTARCTICA (3), Glaazia (3), Balamara (3), Andibaz (3), 11 Templar Knights (3), Adeiatic (2), Theoscafia (2), Potatolandia Nation (2), Taipiastan (2), Lehqhbraot (2), New Korea NK (2), Trinketona (2), Vals Neuraloprean (2), Anarchy Central (2), Sardon (2), Silver-Tree (2), Sow Bug (2), Czechostan (2), NiCrawlosis (2), Corust (2), The Rising Aura (2), New Cornavia (2), Audaxpericulosum (2), New Laikland (2), Stata Pontificia (2), CrossVegas (2), New Taters (2), The Akasha Colony (2), Raccquesi (2), Ajams (2), His Excellency (2), Dabme (2), Transsobor (2), Smurfy Town (2), Akiniad (2), Cato Aurellia (2), Stalanup (2), United Bongo States of the New America (2), United Lammunist Republic (2), The Silver Swans (2), The Baraia (2), Chairman Cities (2), New Autistica (2), The Elite Imperial Forces (2), Naughty Slave Girls (2), Djeeta (2), Eemeria (2), Vosko (2), Terosia (2), Nouvel Acadie (2), Dytarma (2), Apocalypse Borg (2), Jishuan (2), Arcerar (2), Hetairaea (2), Konia Astione (2), Passeig de Sant Joan (2), Sum Tash (2), Bonkberg (2), The Good Nation Of Americana Christening (2), Greater Occitia (2), The Omsk state (2), Kincones (2), NinjitsUtopia (2), Lackadaisia (2), Imperial Felchah (2), Ladolodia (2), Experience Eternal (2), The Cure (2), Klean Kanteen (2), TheSovietUnion (2), New Hio (2), Starabia (2), Capitalist North America (2), DoubleCross (2), Mini Orchs (2), Jiguo (2), Molson Iceland (2), Ethix Apirous (2), Nouveau Strasbourg (2), Kingdom of Castille (2), Kinkerland (2), Mycinaea (2), The Terren Dominion (2), Apellidor (2), Neutral Landland (2), The Ancient World (2), Complication Nations (2), Polenika (2), New Isman (2), Northern Seleucia (2), Zombiedolphins (2), Fannland (2), The Utes (2), Sarzville (2), and (3,657) individual member nations.
The Self-Administrative City of TINHAMPTON (pop. 329,537): Saffron Howard, Mayor (UCP); Alexander Smith, WA Delegate-Ambassador

Authorships & co-authorships: SC#250, SC#251, Issue #1115, SC#267, GA#484, GA#491, GA#533, GA#540, GA#549, SC#356, GA#559, GA#562, GA#567, GA#578, SC#374, GA#582, SC#375, GA#589, GA#590, SC#382, SC#385, GA#597, GA#607, SC#415, GA#647, GA#656, GA#664, GA#671, GA#674, GA#675, GA#677, GA#680, Issue #1580, GA#682, GA#683, GA#684, GA#692, GA#693, GA#715, GA#757
The rest of my CV: Cup of Harmony 73 champions; Philosopher-Queen of Sophia; anti-NPO cabalist in good standing; proclaimer of WZTC's move to Palmetto
Tinhampton the player: 49yo Tory woman w/Asperger's; Cambridge graduate; currently reading nothing (sorry)

User avatar
Simone Republic
Minister
 
Posts: 2327
Founded: Jul 09, 2019
Capitalist Paradise

Postby Simone Republic » Sun Jun 11, 2023 8:23 am

I am working on splitting this resolution into two:

- voting rights for shareholders in public companies
- disclosures by public companies

Disclosures will probably go first. Voting rights I need to think about it.
(It).

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