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.
