As good as US corporate disclosure standards are, they can and must be improved. Former SEC chairman Arthur Levitt tried with the controversial Regulation Fair Disclosure, and now his successor, Harvey Pitt, is rising to the challenge
As good as US corporate disclosure standards are, they can and must be improved. Former SEC chairman Arthur Levitt tried with the controversial Regulation Fair Disclosure, and now his successor, Harvey Pitt, is rising to the challenge. Pitt plans to push for new standards of corporate reporting and to update the regulations that govern them. He says disclosure methods must be 'made relevant to our new global world of rapid communication in the common language of business.' Indeed, what he
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