Reprinted with the permission of The Legal Intelligencer. 

It is generally accepted that, year after year, public company disclosure grows in length and complexity. Companies tend to expand their existing disclosure by incorporating new information while retaining disclosure that may no longer be relevant or material. Likewise, few companies can claim to have maintained disclosure free of immaterial or boilerplate information. As a result, investors, regulators and other market participants have routinely expressed concerns regarding the difficulty in deciphering and navigating public company disclosure documents. In response, the U.S. Securities and Exchange Commission initiated a comprehensive analysis of its disclosure rules in order to recommend changes for more effective disclosure. This article discusses the SEC's disclosure effectiveness initiative as well as recommendations made by the SEC for companies to consider implementing while the initiative is ongoing. ... MORE > 

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