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Market Foundations

Advancing thinking and debate


Society benefits when markets are efficient and when they deliver desired public policy outcomes. This thought leadership initiative focuses on the foundations of markets; can they can be improved to enhance market effectiveness and efficiency?

Latest report: Future enterprise

We consider how our current forms of business have developed over time and the constraints they impose. Do we need more flexible business forms to support future growth?

Read further and send us your comments.

The Market Foundations initiative

Foundations of how markets work have often built up in an ad hoc fashion.

These foundations include:

  • participants (whether as principals, agents or advisers) that can trust and be trusted;
  • accepted, predictable and transparent standards of behaviour; and
  • effective and efficient mechanisms to intervene in the markets where needed to correct the behaviour.

We consider whether market foundations can be improved to enhance effectiveness and efficiency.

What we're thinking about

  • Matters to be considered in application of the concept of the public interest
  • The rights and obligations of different types of legal entity
  • The meaning and application of integrity

What we've done

Previous work programmes have included:

If you would like to comment on the topics covered by the Market Foundations programme, contribute to the ongoing work it refers to, or follow progress and receive copies of subsequent reports, contact us at marketfoundations@icaew.com.