Problem
ASR 242 of the SEC states that relative to payments made to foreign governmental and political officials, ...... registrants have a continuing obligation to disclose all material information and all information necessary IO prevent other disclosures made from being misleading with respect to such transactions." This ASR appeared shortly after the passage of L.1.eForeign Corrupt Practices Act. Do you think this type of disclosure is primarily protective or informative in nature?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.