Update on the Analyst Representative Group meeting
One of the Board members present at the Analyst Representative Group (ARG) meeting gave a brief oral update on the issues discussed.
It was noted that analysts had sympathy for a comprehensive disclosures project. Further, analysts were concerned over the discussion on dynamic provisioning, as this would result in income smoothing. Also, analysts recommended to the Board not to pursue the Earnings per Share project until other related Board projects are resolved. Finally, the ARG discussed certain aspects of the Financial Statement Presentation Discusison Paper.