The following post was originally included as part of our recently published memorandum “Selected Issues for Boards of Directors in 2021”.
A curious feature of the past three years has been the intertwined controversies over earnings guidance, corporate “short-termism” and the quarterly disclosure system. The discussion has been illuminating, and, while further regulatory attention now seems unlikely, the perils of neglecting the long-term will likely continue to color how analysts, regulators and investors view public companies and their disclosures.
To read the full post, please click here.
For a PDF of the full memorandum, please click here.