When our region played host to the annual meeting of the International Stock Exchange Executives Emeriti (ISEEE) in March, the realization of having some of the worlds' most knowledgeable and powerful financial executives gather in the community would one day pay off. We just didn't realize how soon.
When the current and former stock exchange execs met here, for the second year in a row, their wide-ranging discussion led to development of a document recommending eleven actions to be taken to help spur global market recovery. That document - titled the "Orlando Declaration" - was released via the ISEEE website recently, and word quickly spread.
These recommended actions cover a broad spectrum of capital market issues, including such areas as: governance issues; regulatory independence; remuneration and incentives for financial executives; responsibilities of regulators and government policy makers; transparency; clarity and accuracy of descriptive language for financial markets; national government oversight of financial risk assessment; deposit protection; and open, explicit government policy.
ISEE participants intend to return here in Spring 2010, so future "Orlando Declarations" are expected. To view the document in its entirety, click here.
