principle-based disclosures

Even as the Brexit process unwinds in an ever more confounding pile of confusion, companies must continue to plan, operate, and report to their shareholders. U.S. securities regulators have already issued calls for reporting companies to provide greater details about the plans of management in the face of the risks and uncertainties surrounding the Brexit process. On March 15, 2019, William Hinman, the Director of the SEC’s Division of Corporate Finance, speaking at a securities regulation conference in London, offered a more detailed overview of the kind of disclosures he believes companies should be providing their shareholders about Brexit. Among other things, Hinman provided a useful checklist of questions companies should be asking themselves and about which companies should also be advising their investors. The text of Hinman’s March 15, 2019 speech can be found here.
Continue Reading Brexit-Related Disclosure in a Time of Uncertainty and Risk