Earnings Guidance : the Current State of Play, a Follow-up Discussion of Earnings Guidance and Other Forward-looking Information Provided to Investors

Table of Contents......Page 3
Foreword......Page 4
Introduction......Page 5
Long-term focus: What has changed since our last report?......Page 6
Leading Thinkers Speak Out......Page 7
A. Long-Term Value Creation: Guiding Principles for Corporations and Investors......Page 8
B. Breaking the Short-Term Cycle: Discussion and Recommendations on How Corporate Leaders, Asset Managers, Investors, and Analysts Can Refocus on Long-Term Value......Page 10
C. Accounting Irregularities and Financial Fraud: A Corporate Governance Guide......Page 12
D. Built To Last: Focusing Corporations on Long-term Performance (CED)......Page 14
The Case at Hand: Company Perspectives......Page 16
Conclusion: And a Call to Action......Page 23
Appendices......Page 24
A. In Memoriam: An Interview with Mr. James Cantalupo......Page 25
B. Facing an Unpredictable World: How to Change Earnings Guidance Practices......Page 26
C. Apples to Apples: A Template for Reporting Quarterly Earnings, by the CFA Center for Financial Market Integrity......Page 29
D. Long-Term Value Creation: Guiding Principles for Corporations and Investors, The Aspen Institute’s Business and Society Program......Page 37