Reuters
Berkshire Hathaway to beef up risk disclosures following SEC request
Berkshire Hathaway Inc agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a better job. In correspondence made public on Tuesday, the SEC’s division of corporate finance asked Berkshire to “enhance” its risk management disclosures in its annual proxy filings, and Berkshire agreed to make the requested changes. Despite Buffett’s legendary status as an investor and manager, some analysts have long urged the billionaire’s Omaha, Nebraska-based company, whose market value is about $670 billion, to disclose more about itself.
Source: finance.yahoo.com
Related posts:
Nikola Stock Jumps on Judgment Against Founder Trevor Milton
1 Artificial Intelligence (AI) Stock Down 67% That Could Get Slashed In Half Again
This pre-retiree was just terminated at work — is it worth paying off the mortgage with the severanc...
GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.
TSMC Nears $1 Trillion Valuation as Target Upgrades Boost Rally