Q1 scapegoats: energy and weather

Risk’s second quarterly round-up of corporate risk disclosures provides some evidence that companies are becoming more forthcoming. But losses on hedgeable exposures, especially energy and weather, continued to plague many

A focus on accounting compliance in the wake of the Enron bankruptcy and the string of high-profile technology, media and telecoms company meltdowns that followed featured heavily in second-quarter corporate disclosures. As US legislators, regulators and institutional investors proposed new rules on corporate governance and accounting, and regulators promise stricter enforcement, companies are