Improving transparency and disclosure by large private equity portfolio companies
The Walker Guidelines on Disclosure and Transparency in Private Equity were published in November 2007 following a period of sustained criticism of the lack of information made publicly available by large private equity firms and their portfolio companies.
The Guidelines Monitoring Group was subsequently set up to track compliance with the Walker Guidelines – see our post, “What is the Guidelines Monitoring Group?“
The GMG last week published ”Improving transparency and disclosure: Good Practice Reporting by Portfolio Companies“, with the objective of assisting:
“private equity owned portfolio companies to improve the transparency and disclosure in their financial and narrative reporting by highlighting good practice examples…
…The [GMG] has commissioned this guide to help portfolio companies conform to the [Walker] Guidelines and to understand the appropriate level of disclosure. This guide also includes an analysis of the detailed requirements of the Guidelines and a summary of good practice, using examples from the reviews conducted since the introduction of the Guidelines.”
See also: Private Equity Guidelines Monitoring Group: Fourth Report
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