Friction #19: Information asymmetry and the pushback against making disclosures

Why read this story?

Editor's note: This is the last edition of Friction. The end is a little sad as it’s been a great ride so far. But it’s also exciting because Friction will be replaced by something bigger and better. When we started Friction, we were looking at a newsletter that would talk about issues of corporate governance and (no points for guessing this one) friction—between promoters, and promoters and shareholders. Along the way, Friction began to evolve and varied topics, not necessarily in keeping with the core theme, began to find space.  It made us realize that things like governance, infighting between board members and shareholder conflicts are part of the whole business ecosystem. So we wanted to make our newsletter more inclusive. Eventually make it a one-stop shop for sharp explainers and perspective on events that matter to public markets.  Before we move on to the new newsletter, I would like to take a moment to recap what Friction set out to do, what it achieved and the value we were able to bring to you, our readers.  The stage for highly quality …