Comment by sheepscreek
6 hours ago
This sounds great on paper till you realize the amount of time and effort that goes into coordinating so many humans is significant. Also quarterly reporting and TLS certs are worlds apart. There are things like SOX compliance in public companies. It is a mandatory requirement that necessitates so much ceremony surrounding how information is captured and decisions signed off. Then for the execs themselves, it is at least a week of effort easy leading up to the quarterly result call. Prepping for the investor deck, QnAs, being open to more frequent regulator scrutiny. Doing this every month would have diminishing returns for everyone involved.
Source: worked at public companies, helped executives prepare for said calls.
I think it shifts the skillset of executives a little bit. At publicly traded companies the quarterly shareholder meetings and the preparation that goes into it becomes such an outsized portion of the job that being good at that one thing is highly valued. I don’t think moving quarterly to bi-annually changes that much besides making the CEO and CFOs and some other folks jobs a bit easier.