Dose this case relevant with the corporate governance principle of 'make timely and balanced disclosure': promote timely and balanced disclosure of all material matters concerning the company ? How to apply this principle into this case? And what is this principle's strength and advantages?

09-199MR Commonwealth Bank pays $100,000 penalty The Commonwealth Bank of Australia (CBA) today paid a penalty of $100,000 to ASIC relating to its alleged failure to comply with the continuous disclosure obligations in the Corporations Act 2001 (the Corporations Act) ASIC issued an infringement notice to CBA alleging they had failed to notify the Australian Securities Exchange (ASX) after becoming aware of information about its expected loan impairment expense (LIE) to gross loans and acceptances ratio for the financial year ending 30 June 2009. On 13 November 2008 CBA released an announcement to ASX that stated, among other matters: 'the Group' s exposure to Lehman Brothers, Allco Finance Group Limited and ABC Learning Centres Limited will result in significantly higher first half provisions' and Full year impairment expense is expected to be between 40 and 50 basis points, with the majority in the first half.' By about 3pm (AEDT) on 16 December 2008, ASIC believes that CBA became aware of the following information: [CBA expects the full year loan impairment expense to gross loans and acceptances is now expected to be around sixty basis points, with the majority in the first half [for the financial year ending 30 June 2009] ASIC believes that CBA was obliged to immediately notify ASX with the above information, as it was a significant deterioration in its expected LIE ratio and was, therefore, price sensitive information. CBA did not notify the ASX until about 7:14pm on 16 December 2008, when it released an announcement which stated: "[CBA' sl full year loan impairment expense to gross loans and acceptances is now expected to be around sixty basis points, with the majority in the first half CBA has elected to comply with the infringement notice. As stated in the Corporations Act, compliance with the notice is not an admission of guilt or liability. CBA is not regarded as having contravened subsection 674(2) of the Corporations Act (obligation of an entity to provide material information to the market operator)