"Quarterly reporting is another check and balance at a time when investors are concerned about the integrity of senior management after Enron and WorldCom," Jones points out.
"Ask a FTSE-500 FD about quarterly reporting and they think they'll be losing their finance team for 30 days a quarter, rather than 30 days a year," Shelton says.
We really ought to get a better handle on the problems that result from quarterly reporting. I know that not all firms think it's a problem, but others sincerely believe that they often have to compromise their long-term best interests by taking actions that only temporarily elevate their earnings or the value of their stock.
Eliminating quarterly reporting to "cure" a short-term investment focus would, in effect, be treating the symptoms and not the underlying cause.
The Independent Community Bankers of America (ICBA) has called for relief from quarterly reporting
Intended to show how the ground lies, the familiar North-South fault-line quickly emerged, dividing those that share the United Kingdom's distaste for mandatory quarterly reporting from those that can broadly accept the Commission proposal.
The UK's Chancellor of the Exchequer Gordon Brown said that he could only support optional quarterly reporting in the public sector, while the rules for half-yearly reporting were acceptable only if heavy changes were made.
Forward transactions totaling $2,000 million are to be settled during the next quarterly reporting
The letter also expresses support for the move towards solid quarterly reporting
, proposed in Article 6 of the Directive.