Trump says that companies should not be forced to report on a quarterly basis

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president Donald Trump On Monday, American public companies should be transferred from providing quarterly profit reports to reports on an annual basis, on the pretext that change will reduce costs and encourage business planning in the long run.

He pointed out that any change will be approved before Securities and Stock Exchange Committee (second).

Trump wrote on the social truth: “This money will save and allow managers to focus on managing their companies properly,” Trump wrote on the social truth. Trump said: “Have you ever heard the statement that China has a view of 50 to 100 years about the management of a company, while we manage our companies on a quarterly basis ??? Not good !!!”

Should we get rid of the quarterly reports?

Trump wears a red tie and a blue suit outside the White House

President Donald Trump said companies should stop reporting profits on a quarterly basis. (Tasos Katopodis / Getty Images / Getty Images)

The Securities and Stock Exchange Commission said in a statement on Monday evening that it was a priority to Trump’s request.

Trump’s suggestion to cancel the quarterly reports is not new. In 2018, during his presidency, Trump directed the Supreme Education Council to study the case, although the agency ultimately maintained the quarterly requirements.

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“In talking to some of the world’s top business leaders, I asked what will make business (jobs) better in the United States” stop quarterly reports and go to a six -month system. This would allow more flexibility and save money. I asked SEC to study!

An external view of the New York Stock Exchange

During his first term, in 2018, Trump said he asked the Supreme Education Council to study the transition from quarterly to semi -annual reports. (Michael Nagle/Bloomberg/Getty Images/Getty Images)

The quarterly deposit requirements can be expensive for companies, and pressure is often exaggerated by investors to provide short -term results.

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The proposed change will also bring our rules more in line with practices in the United Kingdom European UnionWhere companies are required to submit semi -annual, but they can issue quarterly reports if they choose to.

Interior view of the New York Stock Exchange

The quarterly deposit requirements can be expensive for companies. (Michael Nagle/Bloomberg/Getty Images/Getty Images)

However, in the United States, many investors and executives still focus on Classy profit performanceWhether it is the company “Excellence” or “error”.

On the contrary, the transition to semi -annual reports would encourage a long -term look.



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