United States President Donald Trump is, once again, suggesting eliminating quarterly reporting for American public companies in favour of just two earnings reports per year. Trump made a similar proposal during his first presidential term in 2018.
Quarterly reporting is the practice by which publicly traded companies provide financial updates every three months. These reports are meant to give investors, regulators and other stakeholders information about a company’s financial performance.
In a social media post, Trump said such a move “will save money and allow managers to focus on properly running their companies.”
