U.S. Securites and Exchange Commission Director Chris Cox posted a comment to the blog of Sun CEO Jonathan Schwartz. Cox was responding to Schwartz’s call for corporations to use blogs to achieve greater transparency. It sounds like Cox is receptive to the notion.
This came up because there’s an SEC regulation about how U.S. public companies have to disclose information (this is known as Regulation FD). The “FD” stands for “Full Disclosure”; the idea is that public companies will release information about themselves in a fair and open way, and they won’t favor one group of investors over another. Most companies use their web sites as one way to disclose information; Schwartz wants to use corporate blogs to do corporate disclosure as well.
After having blogged at a few public companies in the past, we definitely agree, and we think that having easy software tools that enable corporate teams to get the message right are going to be key to this.
Stay tuned…
Register for Approver.com | View Your Documents | Leave Us Feedback
