BEYOND DISCLOSURE: RETHINKING HOW LISTED COMPANIES ENGAGE THE MARKET

Disclosure and communication serve different purposes; and the distinction may matter more than we think.Since taking on the role of Acting CEO atLetloleLa Rona, I have found myself returning to a question that is perhaps less operational than it is relational: how does a listed company engage the market in a way that is genuinely useful to those who follow it? Disclosure and communication serve different purposes; and the distinction may matter more than we think. La Rona, I have found myself returning to a question that is perhaps less operational than it is relational: how does a listed company engage the market in a way that is genuinely useful to those who follow it?

The strategic foundations at LLR are clear, and the team has both continuity and experience. But the question of how a company communicates (not just what it reports) is one I think is worth reflecting on more openly, particularly during a period of leadership transition. Listed companies,ourselvesatLLRincluded, invest significant effort in meeting disclosure requirements.

Reports are filed, results are published, and regulatory obligations are met. And yet there is often a sense (one I do not think is unique to LLR) that the information available to the market does not always translate into a shared understanding of where a company is going and why. included, invest significant effort in meeting disclosure requirements.

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I am not sure the answer lies in more disclosurealone. It may lie in a different quality of conversation, and it is one we continue to reflect on from both a governance and best practice perspective.

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