The SEC's proposals for abbreviated financial statements
That paragon of disclosure, the Securities and Exchange Commission, has come to the conclusion that too much information can ultimately mean less information. As such, it is seeking public comment on proposals to allow firms to issue abbreviated financial statements in their annual reports and other documents, such as prospectuses and proxy statements.
To be fair to the SEC, it hasn't done an about-turn on its disclosure policy. If implemented after the comment period (ending October 10),
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Richard Carpenter
Covering investor communications, sustainability and employee engagement, Richard Carpenter has worked with the likes of Aviva, Facebook, Alibaba, HSBC and the London Stock Exchange. Before joining Bladonmore, he was CEO of MerchantCantos, part of...
Chief executive
