I am torn on this issue, because I would love to disincentivize short-term thinking at the executive level, and I initially considered this a decent move in that regard.
Why and how would it be in the public or shareholder interest?
Im unaware if any public market where similar reductions in reporting led to significant, positive, outcomes. FTSE is the common example. They had a similar “reform” circa ‘14 and FTSE companies continue to generally under perform while the LSE continues to lose listings.