Dwight Bedsole - Long-Term Stewardship - Issue 13


Financial Assurance and Long-Term Stewardship

While financial reporting is a SEC requirement for all publicly traded companies, financial assurance is a requirement of regulatory authorities and applies to all responsible parties, whether publicly or privately held. Here the author tackles the question of the financial impact on companies if the scope of liabilities requiring financial assurance were increased and, as a result, they failed to meet the test for a self-guarantee.

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