Wednesday, 27 June 2007

Group calls on company directors to curb forecasts

(Reuters) - Led by former U.S. Securities and Exchange Commission
Chairman William Donaldson, the Committee for Economic
Development said directors should not make short-term decisions
at the expense of long-term ones.




"We know from experience that long-term goals have been
sacrificed on occasion to short-term considerations," the CED
wrote in its report. "Sometimes those considerations cause
suboptimal economic choices and lamentable underperformance."


Read more at Reuters.com Government Filings News

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