US President, Donald Trump has instructed the SEC to consider the abolition of the quarterly disclosure requirement for companies. This could allow for “greater flexibility” and reduce costs.
“I have some of the world’s best Economy, asked boss, what would improve the business (the job location) in the United States,” tweeted Trump. “‘Stops the quarterly reports & goes on to a Six-month System’, said one. This would allow more flexibility and save money,” says Trump. “I have asked the SEC to investigate!”
Some business leaders criticize the quarterly reports as malicious, because they drew attention to short-term successes and long-term strategy prevented. Investors argue, however, for the shortest possible distances between the Reports.
On vacation in his private Golf club in Bedminster, in the U.S. state of New Jersey Trump had received a number of CEOs, including top managers of Apple, Fiat-Chrysler, Boeing, FedEx and Honeywell.
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Resistance is programmed
In the past, the Trump government had announced its intention to numerous rules loosen, the company’s restricted and you of an IPO. To targets with a view to transparency and good corporate governance. On the topic of “obligation to Report” commented Trump, for the first time.
The SEC, however, is independent and is run by a Commission whose members are appointed by the policy. So you can not be forced by Trump to a Change in its rules.
All advances to a loosening of the obligation to Report is likely to encounter in the two to tend to the Democrats, the members of the Commission on violent resistance. Both Robert Jackson as well as Kara Stein, a seat for a long time for transparency and rules of good corporate governance.
In Germany it’s already loose
The German stock exchange relaxed its requirements for quarterly reports two years ago. While companies have to report in the strictly regulated Prime Standard of the continue to be every three months over the course of their business, a detailed report you need to submit, but only once in the half-year. Some companies quantify in the quarter-messages, not even your earnings, but it will give only sales and new orders.
dk/stu (afp, rtr)