2007-08-09 17:14:26 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Can you pls refine your question? Do you mean what info about the co. are employees allowed to divulge to friends? Or do you mean what guidelines a co. must follow in making disclosures in its annual report to investors?
2007-08-09 21:39:39 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
It really depends on whether the company is public or private and what kind of information you are talking about. When it comes to financial information about the company's performance, a private company can only be compelled by a court or by a governing entity to do so via court order. Such as the IRS or a court related issue. A publicly traded company however is required to report their financial standing on a quarterly and/or monthly and annual basis because they are obligated to make their information available to stock holders and regulating entities.
2007-08-10 04:00:19 · answer #2 · answered by jwsou812 3 · 0⤊ 0⤋