Dreaming of improved Y2K disclosure
There's global agreement that the Year 2000 problem, known as Y2K, exists. Many computer systems are not programmed to deal with the start of a new century, and may suffer from processing inaccuracies or system failure. Some members of the financial community predict a global recession, if not a global meltdown, as information infrastructure fails. No-one is quite sure what will happen; hence the growing call for public companies to improve disclosure of their Y2K-related preparations.
The
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