Sure - again I'm a layperson so take this with a grain of salt but in USA the Sarbanes-Oxley act[1], one of the pieces of fallout from Enron and other corporate scandals, has various requirements for accurate and fulsome reporting of information to investors in mandated financial documents, earnings reports and SEC filings and whatnot, for publicly traded companies. Basically don't do Enron.
One penalty involved is personal criminal liability for executives - for certain executive roles, if they unknowingly make a serious mistake, they face a $1 million dollar fine and up to 10 years in prison, and if they knowingly make a serious mistake, it's $5 million and 20 years. [2]
Hence, executives have a strong motivation to ensure nothing is misrepresented, left out, or wrong in their investor relations documents.
