Over-disclosures as problematic as non-disclosures: Sebi WTM

WHEN KEY RISKS of a company are buried in dense and vaguely-framed documents, over-disclosures can be as problematic as non-disclosures, Sebi Whole Time Member Amarjeet Singh said on Monday.

- ANJANA THERESE ANTONY

“The gap (in information asymmetry) today is not about what is hidden, but also about what is effectively not heard”.Speaking at the third annual conference of the National Stock Exchange (NSE) and Indian Institute of Management Kozhikode, Singh said the challenge is less about availability of information and more about credibility and comprehension. Differences in access to information are easier to address.