Quarterly reports: why not let shareholders decide?
Ever since mandatory quarterly reporting (QR) was introduced here in 2003, opinions have been divided as to its usefulness, which means regulators have had to constantly grapple with clamour from some quarters to scrap the practice while at the same time answer the countervailing demands of others who want the practice retained.
The reason a delicate balancing act is needed is that there is no clear-cut answer - for every argument in favour of QR, an equally compelling reason against it can be found.
For example, company managements have claimed that QR encourages short-termism and unnecessary share price volatil…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff
Blackstone reports 1% rise in Q1 earnings