Place Less Emphasis On Numbers, Donaldson Urges

The financial services industry can do more to improve corporate governance, said Securities Exchange Commission Chairman William Donaldson. They should encourage companies to attach "much less significance to quarterly EPS numbers, and instead focusing on whether a company is, in the words of a popular business writer, 'built to last,' " Donaldson said in prepared remarks for an address before the Financial Services Roundtable on Friday in Florida. Donaldson said this "could help corporations manage the conflict between the possible short-term interests of management and the long-term interests of shareholders."

From Compliance Reporter.

Also, see full SEC Press Release.