With annual report season now upon us, we at Business Law Currents see it as our job keep you informed of the top issues raised in recent disclosures, SEC correspondence, and other related documents. After a year of changing economic conditions and a challenging business climate, this year’s annual reports will be under the intense scrutiny of regulators and shareholders. To assist you as you craft your disclosures, we have launched our 2010 annual report disclosure series, covering issues that are sure to arise throughout the 2010 season.