Trump Proposes Cutting Back Disclosure Rules

President Donald Trump’s proposal explores the idea of replacing public company quarterly reporting requirements with half-year ones.

Business leaders, notably PepsiCo’s chief executive Indra Nooyi, have urged Trump that such a move would lower costs to businesses, increase their flexibility, and combat investor “short-termism” by creating room for companies to elongate their business agenda horizons. Critics point to the case that quarterly disclosures are essential for providing investment information.