""save money, and allow managers to focus on properly running their companies.""
""Did you ever hear the statement that, 'China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???' Not good!!!""
""is prioritizing this proposal to further eliminate unnecessary regulatory burdens on companies,""
""friction, burden and costs associated with being a public company.""
President Trump urged changing the quarterly reporting cadence to save money and let managers focus on running companies. He contrasted U.S. quarterly-focused management with China’s 50-to-100-year view on company management. SEC Chair Paul Atkins is reportedly prioritizing a proposal to reduce regulatory burdens related to reporting. Public companies have filed quarterly 10-Q reports since 1970 and must produce each quarter’s report within 45 days. Investors and analysts scrutinize these filings during earnings season to assess stocks. Proponents argue quarterly reporting drives short-termism and increases compliance costs; Nasdaq’s CEO expressed support for reducing that burden.
Read at Axios
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