Sirius XM shares are trading higher Monday morning after Liberty Media late Friday filed with the FCC to disclosure its intention to take control of the satellite radio company.

FORBES: Sirius Shares Gain; Liberty Files To Boost Stake Over 50%

Disclosure simply allows a proper understanding and control over the effective use of capital employed as executive compensation.

FORBES: The Failure of U.S. Capitalism Is the Shareholders' Fault?

The brokerage industry is unique in that it has been permitted to self-regulate with limited SEC oversight, self-insure through the Securities Investor Protection Corporation, self-adjudicate through mandatory NASD Dispute Resolution arbitration, and even control, through the NASD Public Disclosure Program, the information the public receives about firms.

FORBES: Investigating Brokerages (May 1, 2002 )

The new disclosure rules are "going to give employers more control and leverage to negotiate lower fees, " said Pamela Hess, director of retirement research at Aon Hewitt, a human-resources consulting company.

WSJ: 401(k) Plans Step Into the Sunshine

The Halliburton affair described above, which began as a seemingly innocuous inquiry by the New York City Comptroller on behalf of some shareholders into disclosure requirements of an annual proxy statement soon spiraled out of control.

CENTERFORSECURITYPOLICY: Shariah��s Black Box

In the interests of full disclosure, I have done some polling for the gun lobby and for gun control organizations.

FORBES: Newtown America: A Time To Sacrifice

Opaque company accounts remain an obstacle to a vigorous market for corporate control but next year the country is moving to international accounting standards which will improve disclosure.

ECONOMIST: Fallen idol | The