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May 31, 1996

Running for Cover

Companies can now issue forward-looking statements without worrying so much about the prospect of shareholder law suits

New safe harbour protection is there for the taking. So why not take it? That is the view of a select number of companies eager to join the bandwagon, who are now tucking forward-looking statements comfortably in between cautionary wads of legal-speak. But most listed companies, and their guarded IROs, prefer to watch reservedly from the sidelines, according to the National Investor Relations Institute. And, as financial analysts eagerly point out, of those companies currently invoking the

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