Interactive Insight
Severe Events Cluster.
The Reporting Calendar Is Their Trigger.
Of 471 severe corporate events documented in the DACH region from 2018 to 2024, nearly 40% landed in just three months — September, June, and October. Hover any bar for the monthly readout.
Severe corporate events do not arrive at random. They cluster around the reporting calendar — the moments at which strategic concealment, accounting choices, and forecast revisions are most exposed to external view. Hunziker et al. (2025) document the pattern across 669 listed firms in Germany, Austria, and Switzerland. The implication for boards is that resourcing governance attention proportionate to the calendar is structurally backwards: the times the calendar is busy with reporting are precisely the times severe events surface.
From the SGaaS White Paper
Reporting calendar pressure is one of three structural defects
Episodic engagement, consensus dependency, and the absence of institutionalised challenge together explain why volume of oversight has not closed the governance gap. The white paper diagnoses each in turn.
More interactive insights