The benefits of transparency will one day outweigh the costs but so far regulations and accounting standards are not keeping pace with changes in the corporate world
In response to ongoing corporate communications disasters, global regulators continue to introduce new legislation mandating the type of information that must be communicated to investors, and how it must be communicated. The new rules range from major enactments such as the European Union’s (EU) transparency directive on modifications to the timings of SEC filings by US-listed companies.These regulatory initiatives fall short in two ways, however. First, they do nothing to explain the
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