Haynes Boone Capital Markets Partners Rick Werner spoke on a panel at the SEC Investor Advisory Committee meeting in March, where regulators and market participants discussed potential changes to public company reporting requirements, including a proposal to shift from quarterly to biannual reporting and broader updates to Regulation S-K.
CFO Brew covered the event in its article “SEC Proposal to End Mandatory Quarterly Reporting Draws Opposition.”
During the panel, Werner emphasized that while regulatory burden is often cited in discussions about the decline in IPOs, other factors weigh more heavily on companies considering going public.
“It’s not the disclosure burden necessarily that is their first concern,” Werner said. “It’s the cost of D&O insurance and strike suits and dealing with that, and that really becomes the main trepidation that we hear.”
For more, read the full article in CFO Brew.
