"Subject to SEC Approval, Companies and Corporations should no longer be forced to Report' on a quarterly basis (Quarterly Reporting!), but rather to Report on a Six (6) Month Basis,' Trump posted on social media platform Truth Social on Monday morning. This will save money, and allow managers to focus on properly running their companies, he added. Did you ever hear the statement that, China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???'"
"LTSE representatives said they left a recent meeting with regulators encouraged. Trump asked regulators in 2018 to consider the regulatory changes, but the effort stalled after the SEC asked for public feedback. Other countries, like the European Union and the United Kingdom, have ended mandatory quarterly financial reporting and moved to half-year and annual reporting. That same year, JPMorgan Chase CEO Jamie Dimon and Berkshire Hathaway Chair Warren Buffett wrote in a Wall Street Journal op-ed that companies should move away from issuing quarterly earnings forecasts."
A proposal calls for companies to report financial results every six months instead of quarterly, subject to SEC approval. The proposal argues that semiannual reporting would save money and allow managers to focus on running companies rather than meeting short-term reporting deadlines. The idea references differences in management horizons, contrasting a long-term view with current quarterly-focused practices. The Long-Term Stock Exchange plans to ask the SEC to make twice-yearly reporting optional and reported encouragement from regulators. Other jurisdictions, including the EU and UK, have moved away from mandatory quarterly reporting toward half-year or annual schedules.
Read at www.housingwire.com
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