Is it Time to End Quarterly Reporting?

In yet another one of his early morning messages, late last week President Donald Trump stirred up a squall by suggesting in a tweet that the SEC should study doing away with quarterly reporting requirements in favor of a system of semi-annual reports. The suggestion fits within the larger debate about whether or not reporting companies have an excessively short-term focus and the related but separate debate about whether regulatory requirements impose excessive costs on businesses. The idea of eliminating quarterly reporting raises a number of important issues, and may raise some important questions for the D&O insurance industry as well.   President Trump’s August 17, 2018 Tweet In a tweet on August 17, Mr. Trump reported that he had consulted “some of the world’s top business leaders” on ways to create jobs and make business even better. One suggestion he reports receiving is to “Stop quarterly reporting & go to a six month…

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