Called to Account: SEC examination of quarterly reporting schedule focuses on balancing costs with need for disclosure

The Securities and Exchange Commission held a two-part public panel discussion on Thursday to ask again if reporting earnings quarterly promotes “short-termism” — an unhealthy focus on short-term results to the detriment of long-term performance.

Speakers from the investor and public company realms — including representatives from Fidelity Investments and Vanguard Group as well as new public company Uber Technologies Inc. UBER, -1.21% and Nasdaq NDAQ, -1.37% , among several others — discussed the nature, timing, format and frequency of periodic reporting, as well as the relationship between the quarterly and annual SEC filings and the earnings releases they announce to the market, often ahead of official reports.

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