DISCLOSURE
10 May 2016 By PDSNETThe concept of disclosure is entrenched in the Companies Act. The Act is concerned to ensure that shareholders are properly informed of all the information that they need to make good investment decisions. Thus the annual and interim financial statements disclose a huge amount of information in accordance with the Companies Act and Generally Accepted Accounting Practice. The prospectus new shares being issued has much information about the company, its prospects and the people behind it (the "incorporators"). The King 3 report on corporate governance requires listed companies to disclose even more information to ensure that the company is properly run and shareholders are fully informed.
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