Quote:
Originally Posted by Corral
No this isn't transparency. Real transparency is generated when industry players are required to report pricing and factors which influence pricing to an independent monitoring agency in real time (or close thereto) who then transmits to the public - and audits industry on a regular basis. The best example of this model is of course the capital markets. Commodity pools are amongst the darkest areas of the capital markets - have been for decades. So no surprise the retail market is likewise or worse.
Linking me to a Shell page which embeds links to old data - NRCAN website is like 2 years old and one of the other sources is listed at 2007/2008 - not good enough.
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Do you require this information for everything you buy? Why should a public company be required to disclose its detailed cost model to the public and competitors beyond what is required by IFRS accounting standards?