Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

The state of “Emperor’s New Clothes” corporate disclosure

for DeAnnWe wish we could force every corporate official and regulator to re-read Hans Christian Andersen’s fable of the emperor’s new clothes. In that tale, two fast-talking weavers convince the emperor to wear a “suit” that is invisible when worn by an incompetent. Everyone in the kingdom pretends to see the suit, until a child points out the obvious.

Welcome to the current state of corporate disclosure. Yes, there are some areas of adequate disclosure such as the financial statements, though even they could use some tweaking. However, all too often disclosures are either anodyne boilerplate or—even worse—non-existent. ...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.