Similar savings were realized at Cisco and Genentech. An additional benefit of the increased disclosure requirements is more reliable corporate financial statements. Companies are now reporting numbers with fewer adjustments for unusual charges and write-offs, which in the past have been used to boost reported earnings. The new rules have also made it more difficult for firms to post-date executive stock options. “This is an unintended consequence of disclosure,” remarked Gregory Taxin, CEO of Glass, Lewis & Company, a stock research firm. See the Global Issue feature to learn how corporate governance is being improved in other parts of the world.