ABSTRACT
Corporations law and the listing rules of stock exchanges make it mandatory for all stock exchange-listed companies to make public disclosures of information, quite a lot of which is sensitive to stock prices. A survey of company announcements on any one day shows that they may well meet the regulatory information disclosure requirements but not necessarily jump the communication hurdle. While understanding this disclosure regime and principles of corporate governance are critical components that shape corporate communication, the disclosure process also combines opportunity and pitfall. It can be a filter for determining what is important to communicate but doing this ineffectually can mean that companies are overlooked in the competitive race for capital or worse, they can damage reputation. Appreciating these nuances is a critical element in effective corporate communication.
