The discussions have resulted in greater understanding on both sides, as well as some new ideas. This paper reflects the private views of the participants in the meetings and not necessarily those of their organizations or any other group. It contains points of agreement reached at sessions held during the first half of 1997.
Additional topics are currently under discussion.
Every effort should be made to minimize or eliminate requirements for confidential information in declarations. Organizations should be willing to give any information that is already in the public domain, in order to establish credibility and cooperation. This includes a considerable amount of relevant information of interest to a compliance regime. The industry participants are concerned, however, that if many types of information are requested, it will be impossible for them to be sure that their declarations are always accurate and complete. Some companies are as big as small countries.