Reporting Archive

Investors punish firms that voluntarily disclose the existence of an SEC fraud investigation – even more so when those firms are exonerated, according to a new study. Sampling around 600 investigations, researchers find disclosers underperform other non-sanctioned firms that stay silent by almost 7 percent in the two months following the announcement. The gap rises to 12.7 percent after one year. What’s more, CEOs at disclosing firms are nearly 14 percent more likely t...

For many IR teams, the annual report is one of the biggest projects of the year. Countless hours are poured into planning, writing, editing and proofing it over a timeframe usually lasting several months.  Yet, once all that work is finished, companies are failing to make the most of the time and effort invested, according to a new study. Nexxar, the corporate reporting firm based in Austria, polled listed companies across the DACH region – comprising Germany, Au...

General Motors (GM) officials have raised concerns about aspects of SEC plans to revamp corporate disclosures. The commission in August proposed to change rules – often in a principles-based direction – to update the description of business, legal proceedings and risk-factor disclosures companies must make under Regulation SK. The idea is to improve disclosures for investors and simplify complian...

Companies need to step up their reporting on climate-related issues, according to a new report from the UK’s Financial Reporting Council (FRC).  The 86-page document, released this week, sets out investor expectations for disclosures about climate change and suggests a range of questions companies can ask themselves to improve their reporting.Â...