10-31-2004, 09:50 AM
Without discounting moral, if we just focus on the responsibility aspect, I have been wondering since many years why the Management Letter and Internal Control Report is not addressed to the Shareholders. Issues specially reported in ML are serious enough (reason of being in ML) and must be available to the owners of the company.
It is another discussion if some might think that shareholders arent educated enough to arrive at proper conclusions and would raise unncessary hue and cry.
It is another discussion if some might think that shareholders arent educated enough to arrive at proper conclusions and would raise unncessary hue and cry.
