The SEC Announces Efforts to Shift Away from the Current Quarterly Reporting Framework to Semiannual Reporting

Corporate partner Spencer Feldman authored a Corporate Governance Advisor (subscription required) article examining the SEC’s interest in shifting from mandatory quarterly reporting to an optional semiannual framework. He outlines arguments on both sides, noting that reduced reporting could ease costs and short-term pressures for smaller public companies while opponents argue that quarterly reports enhance transparency and discipline. Spencer concludes that semiannual reporting could make the IPO market more attractive, particularly for smaller issuers, by lowering burdens and allowing management to focus on long-term growth.