Hector Sants, chief executive of the Financial Services Association (FSA), has said that company owners need to engage actively with the senior management and non-executive directors of the company, and even organise themselves more effectively for collective action.
Fair value and the impairment of financial instruments have long been tricky issues for accountants, but the banking crisis has pushed them into the political and regulatory limelight.
The government is proposing to extend the disregard regulations to cover the hedging of certain share capital-related transactions.
