Comment by lokar
8 hours ago
IMO, it would be ok if it was not unconditional.
If you have been public for >N years, and have had >X "clean" quarterly reports, no trouble with the SEC, etc, then sure, back off to 6mo (or even yearly, if your shareholders are ok with that).
But if you have an audit problem, violate SEC rules, get any kind of conviction, hell, even an inditement, then back to quarterly until you clean it up.
> If you have been public for >N years, and have had >X "clean" quarterly reports, no trouble with the SEC, etc
...staff changes happen, incentives change due to changes in business performance. Enron was apparently clean public company from 1985 until sometime after Andrew Fastow was hired in 1990.
If high-resolution transparency has any value, it doesn't make sense to do it a few times and then stop.