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Feb 28, 2001

Point of Principle

Global principles are needed for investor relations practice. More effort is needed right now

Gaining agreement on global principles takes time. Those involved in such discussions try and warn us mere mortals of the complicated nature of the task. And still these informed pessimists are hopelessly optimistic as to the likely timeline. If the International Accounting Standards Committee is anything to go by, the equation for producing globally accepted principles should involve thinking of a sensible number of years, tripling it and then adding a whole lot more just for good measure.

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