the risks of lack of diversification may not be worth the potential gain." And all companies
permit management to sell some stock for a variety of reasons, including diversification.
Barnes' investigations that summer led to the dissolution of six fire insurance companies
and to the adoption by Comptroller James Cook of an annual statement "blank" for fire companies
, which required each company to provide a detailed description of mortgaged premises, their value, and even the amount of insurance carried on the buildings.
Benchmarking can be done against other companies
within an industry, as well as across industries.
Even more daunting is that with larger companies
competing, many will have to change their approaches to remain competitive.
can still trade in the over-the-counter "Pink Sheets" market, and companies
don't necessarily go dark and then go private.
Another significant barrier was the prevention of companies
from using their assets, such as unlisted stock, to purchase another company unless they went through a tedious and often unfavorable court valuation process.
Accelerating the process can help companies
identify and correct errors before they file their SEC reports.
The National Association of Mutual Insurance Companies
sees growth in both membership and share of the property/casualty market written by its members.
Other recommendations go beyond what is included in the federal securities laws and would apply to all companies
, including those subject to the federal securities laws.
We pored over information provided by the companies
and their employees, and we were aided by the Human Rights Campaign's 2005 Corporate Equality Index, which was released in September.
That's why we've spent the better part of the past year putting together the BLACK ENTERPRISE 30 Best Companies
for Diversity list.
It's a concept that enables companies
to have the best of both worlds.