Corporate Reporting on the Internet - Stock exchange perspective

In 2003, the Toronto Stock Exchange (TSX) updated Electronic Communications Disclosure Guidelines. The TSX strongly recommends that all listed issuers maintain a corporate web site to make investor relations information available electronically. It also maintains that disclosure by the Internet alone will not meet an issuer’s disclosure requirements and an issuer must continue to use traditional means of dissemination. The overall objective is to encourage the use of electronic media to make investor information accessible, accurate and timely. The challenge is to ensure that regulatory concerns are addressed without impeding innovation.