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G&A s Sustainability Highlights (12.18.2019)
Dec 21, 2020 1:00 PM ET
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Looking back 90+ years to the 1920s, corporate financial disclosure was in essence, a joke. (Why, said one public company leadership, would we ever tell investors what our real financial condition is!) Financial reporting was voluntary! And then…came the 1929 market crash.
And so, back 80 years, the federal government – at last! – moved to regulate disclosure by companies with outside (“public “) investors. An important provision of the landmark 1930s legislation to regulate companies and the capital markets: by the power of the Securities Act of 1933 and Securities Exchange Act of 1934, all registrants (corporate entities under the supervision of the Securities &