Keep quarterly reporting; better still, give even more updates via social media
I REFER to "Quarterly Reports: why not let shareholders decide?" (BT, Sept 5). The writer suggests the possibility of raising the bar on market capitalisation.
I agree that this could be a possible compromise as opposed to removing quarterly reporting altogether. I would add that in addition, the way companies come under the quarterly reporting requirement could also be tweaked from the current method whereby companies can enter but not exit it even if the market capitalisation subsequently falls below the bar.
The writer's suggestion of letting shareholders decide may also be workable though a re-vote should be taken every two or three years and any shareholder with access to inside information of the company should be required to abstain, for example, major shareholders, board members and executives.
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