🚀 go-pugleaf

I was just leafing thru an old Toronto Globe issue (8 dec. 95) and I noticed
a proposed draft by the Toronto Stock Exchange [TSE] (Paul Waldie, p. B1)
whereas expert and major shareholders could be prosecuted or sued in addition
to directors for misleading information.

This proposed regulation is probably intended to catch former administrators
who jump off the board once the environment gets shaky and before the
sinking of the organization, but it could have far reaching effects.

Would not this proposed legislation further burden consultant (this would
probably be tested against computer system analysts) and force them to
verify information, somewhat like C.A. (who are legally protected by a code
of ethics and the ICCA standards). Can this code force consultants to join
associations and corporations to set standards and bring accountant type
immobilism where people are hired for novelty ?

Could this be a trial balloon, soon to spread accross Canada, the States,
Europe and overseas ?

BTW: Is this witch hunting done elsewhere ?

Sorry for the crossposting but I think a joint thread might be in order;
After all even lawyers levy consulting fees :-)


Richard Lulin