Which of the following authorities determine a closed period before the announcement of interim/final results and any business decision? John, a corporate finance manager, learns t... Which of the following authorities determine a closed period before the announcement of interim/final results and any business decision? John, a corporate finance manager, learns that his company will announce a major merger next week. What should John do?
Understand the Problem
The question is asking which authority determines a closed period before announcing interim or final results and any business decisions, as well as how John should handle insider information regarding a major merger. This involves understanding corporate governance and insider trading regulations.
Answer
Company Secretary; John should refrain from discussing company information.
The authorities that determine a closed period are typically the Company Secretary. John should refrain from discussing company information with family members to avoid any potential insider trading violations.
Answer for screen readers
The authorities that determine a closed period are typically the Company Secretary. John should refrain from discussing company information with family members to avoid any potential insider trading violations.
More Information
The Company Secretary is responsible for compliance with corporate governance and may establish closed periods to avoid insider trading. John should avoid sharing information to comply with securities regulations.
Tips
A common mistake is discussing sensitive information even in casual environments, which can lead to legal issues.
Sources
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