Financial Accounting Blog

Monday, November 24, 2003

This article is from "" SEC adopts stricter rules to improve disclosure talks about new rules adopted by the SEC. The rules are in regard to improved disclosures to investors. The 2 main areas of improved transparency are in the regarding the process of nominating directors and shareholder communication with directors. The SEC goes as far as requiring companies to explain if they have a process, and if they do not, why they do not have a communication process. These questions are intended to drive companies to institute a process if one does not exist.