Is one of the information governance risks your company monitors the risk of being delisted from the stock exchange for submitting filings late?
“Hertz Is Out of NYSE Compliance,” Wall Street Journal, March 25, 2015 B6. Unable to file its annual report on time because of an investigation into prior financial reports, Hertz was notified by NYSE that it was out of compliance. If they can’t file within six months, delisting proceedings would begin.
Talk about a death sentence.
How likely is it that your company will have to file reports to the government or to its stock exchange after the deadline? What’s the impact if that happens? Thus, the calculus of risk.
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