Amid pandemic crisis, disclosure of material changes even more crucial
AS companies struggle to cope with the challenges posed by the ongoing pandemic, many will find themselves having to close existing businesses while exploring new ways to stay viable.
This vital rationalisation exercise will stretch managerial capabilities to the maximum - but it is important that companies do not lose sight of their disclosure responsibilities to their shareholders, investors and the market.
Many, for example, may have to make significant alterations to their business models. If so, and if these changes can be classified as "material", the disclosures will have to be carefully handled.
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