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Title:High Interest: Shall We Tell The Shareholder?
Date:11th April 1993
Summary:HOW CAN A BUSINESS WORTH OVER A BILLION POUNDS ON THE STOCKMARKET COLLAPSE WITHIN A FEW WEEKS? TO WHAT EXTENT DO PUBLIC COMPANY MANAGEMENTS KEEP THEIR SHAREHOLDERS INFORMED? ARE COMPANIES TELLING ALL SHAREHOLDERS THE SAME STORY OR DO SOME KNOW MORE THAN OTHERS. SHALL WE TELL THE SHAREHOLDERS? EXPLORES HOW COMPANIES COMMUNICATE WITH THEIR SHAREHOLDERS, LARGE AND SMALL, AND ASKS WHETHER REFORMS IN ACCOUNTING STANDARDS (THE RULES THAT DICTATE HOW A COMPANY PRESENTS ITS PROFITS) AND "CORPORATE GOVERNANCE" (THE WAY IN WHICH A BOARD CONTROLS A COMPANY) CAN MAKE SHAREHODLING A LESS HAZARDOUS BUSINESS.
Description:DRAWING ON TERRY SMITH'S BEST-SELLING BOOK 'ACCOUNTING FOR GROWTH',THIS PROGRAMME SHOWS HOW COMPANY ACCOUNTS OFTEN COMPLETELY MISREPRESENT A COMPANY'S FINANCIAL POSITION AND ASKS WHAT CAN BE DONE PROPERLY TO INFORM THE SHAREHOLDER