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This requires an American company to file quarterly reports and publicly disclose material events promptly upon their occurrence.
This is another indication that developments in society represent financially material events for a company's performance, thereby raising the need for high-quality investor-relevant data that assesses a company's efforts to mitigate negative impacts and increase its positive impact.
It can do so by examining the requirements in other countries, such as the UK and Australia, for continuous disclosure, and looking into whether today's Form 8-K framework in the US for "current" reporting of specified material events should be broadened to enable less frequent reporting of full financial statements.
The problem, however, is that rarely do material events physically damage the house.
"Companies currently provide little information about material events that occur on their networks".
Santayana sometimes speaks of spirit and essence as supervening on material events.
Similar(41)
"It would be a pretty material event.
"But in Sun's case, it's an extremely material event".
Federal laws require public companies to disclose any "material" event that could affect the company's value.
Genesco has argued that a $4 million loss in its second quarter was not a material event, meaning that it would potentially be grounds to dissolve the deal.
"Why did H.P. senior management apparently wait six months to inform its shareholders of the possibility of a material event related to Autonomy?" he asked.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com