Trump stated that companies should report on a six-month basis rather than quarterly, pending approval from the Securities and Exchange Commission.
The SEC has mandated quarterly reporting since 1970, but the debate over switching to a six-month system is not new.
Trump also proposed this move during his first term, with proponents arguing it helps managers prioritise long-term growth over short-term targets.
Sam Stovall of CFRA Research said moving to semiannual reporting would allow firms to dedicate fewer resources to the process.
He cautioned that reduced reporting frequency could lead to fewer expectation resets and more uncertainty for investors. – AFP
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