Aslam Rawoof, a partner in Benesch’s Corporate Practice Group, was quoted in Global Finance on whether companies should continue reporting earnings quarterly or adopt a semi-annual reporting schedule—an approach already used in Europe and parts of Asia. The question has sparked renewed debate across Corporate America.
While some argue that quarterly reporting enhances accountability and transparency, others note that less frequent reporting could offer meaningful cost savings, particularly for smaller companies.
“I don’t think that a one-size-fits-all approach makes sense for every single company,” said Aslam. He noted that, “for some of the smaller clients, forcing them to do quarterly reporting costs a lot of money because oftentimes they don’t have any in-house lawyers, so all the work is being done by external counsel.” He added, “if a company wants to report twice a year, it should be allowed to.”
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