Global accounting body wants to force companies to spell out takeover motives
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LONDON (Reuters) - A global accounting standard setter said it wants to force companies to spell out their thinking behind acquisitions to break new ground in making boards more answerable to shareholders.The International Accounting Standards Board (IASB) set out on Thursday possible rule changes after investors said they wanted more information on whether takeovers live up to expectations, which is not always the case."This is very much blue sky thinking," said Sue Lloyd, vice chair of the..