Investors want quarterly reporting
Investors would like to see mandatory quarterly reporting introduced in order to improve the quality of financial information available to them, according to a new survey.
The study by the Association for Investment Management Research found that nearly half those questioned thought quarterly reporting would improve information quality ‘significantly’ and another 36% thought it would be improved ‘somewhat’.
The results fly in the face of a previous MORI poll, which found that 60% disagreed that quarterly reporting would be ‘very useful’.
The European Commission recently tried to push through legislation to make quarterly reporting mandatory for listed companies in Europe, as part of its transparency directive.
Opposition to the plans within the EC has now seen watered down interim management statements replace quarterly reports in the directive, currently going through a co-decision process at the European Parliament and the Council of Ministers.