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May 31, 1997

Good Times & Bad

Better quality information is a two-way street

'Shareholders need better quality information,' is the conclusion of a recent report by the Institute of Chartered Accountants in England & Wales. Nothing new there. Investors are always harping on about the need for more transparency and pertinent disclosure from companies. But the report turns the argument on its head and points to something which many companies seemingly fail to grasp. The desire for better quality information from shareholders should not be viewed as an extra chore

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