A New Era: Trump's Push for Semi-Annual Reporting Gains Global Endorsement

President Donald Trump's recent proposal to abandon quarterly corporate reporting in favor of a six-monthly update schedule has garnered support from an unexpected quarter: international investors advocating for long-term sustainability. Many such investors have previously faced criticism from President Trump himself.

The suggestion aligns Trump with prominent business leaders like Warren Buffett and Jamie Dimon, who believe short-term financial reporting damages economic health. Adopting semi-annual reports might encourage the U.S., the world's largest economy, to join a global shift and better address sustainability issues, such as climate change.

Critics caution that implementing such changes could challenge investor protections in the U.S., given its unique regulatory landscape on issues like profit warnings. However, proponents suggest the move could ultimately benefit corporate governance and sustainable investing by prioritizing long-term value over short-term gains.

(With inputs from agencies.)