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The fund industry, meanwhile, has fought calls to provide more information to shareholders.
In the conference call, two Omnicom executives disputed The Journal's article but agreed to provide more information to shareholders.
Moreover, he said, the state's Business Corporation Law requires corporations to provide financial information to shareholders on request.
Building on mechanisms from information economics and signaling theory, we postulate that secrecy is more important for protecting knowledge for firms that have legal requirements to reveal information to shareholders.
Investigators plan to ask the directors how much they knew about Merrill's losses, and what role they played in decisions about disclosing information to shareholders, the person said.
VEB is asking the company to nullify annual reports from 1998 through 2002, saying Ahold failed to disclose critical information to shareholders.
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In a statement, a Sifma executive said the group did not ask Broadridge to change its practices, rather it called the company to ask on what authority Broadridge was relying in deciding to share information to shareholder proposal sponsors.
v i is the identity of shareholder P i which is public information to all shareholders.
Such informational asymmetries may result from high expenses for disseminating necessary information to the shareholders, whereby the costs increase with firm complexity (Dolde and Mishra 2007), or from protecting information transmission to competitors (Marshall and Weetman 2007).
By law, publicly traded companies must quickly disclose significant information to their shareholders.
Such companies could sell stock to the public with fewer restrictions, and then report less information to their shareholders than was required from normal companies.
More suggestions(16)
information to providers
information to policyholders
information to participants
information to practitioners
information to landlords
information to associates
information to principals
information to carriers
information to companies
information to respondents
information to stakeholders
information to bondholders
information to responders
message to shareholders
insights to shareholders
disclosures to shareholders
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