Publication Date
3-1-1989
Document Type
Article
Organizational Units
Sturm College of Law
Keywords
Securities law, Securities and Exchange Commission, SEC
Abstract
In 1986 the staff of the Division of Corporate Finance of the SEC issued two letters approving the use of a summary annual report. These letters have acceded to management a great amount of discretion in connection with the annual report. The summary annual report costs less to produce than the con- ventional annual report and a decision about its use may en- courage a re-examination of the shareholder communication process. However, uncertainty exists over whether the summary annual report will implicate concerns under the securities laws.
Publication Statement
Copyright held by the authors. User is responsible for all copyright compliance.
Originally published as Brown and Detore, Rationalizing the Disclosure Process: The Summary Annual Report, 39 Case Western Law Review 39 (March 1989).
Recommended Citation
Brown and Detore, Rationalizing the Disclosure Process: The Summary Annual Report, 39 Case Western Law Review 39 (March 1989).