Integrity, competence, trust. Fair dealing, objectivity, independence. These are the words that differentiate professionals from the fly-by-night charlatans who have scandalised the financial markets in recent days. These few unprincipled men and women have destroyed investor confidence in the companies in which they invest, the auditors who attest to the accuracy and reliability of financial statements, and the investment analysts who research, analyse and recommend investments and who take investment action on investor’s behalf – the vast majority of whom act with integrity. Therefore, our focus for 2003 and beyond must be on restoring investor trust in the financial markets.
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