"The aphorism "scientia potentia est" ("knowledge is power") when it comes to market-sensitive information about listed companies. Stock prices can plunge or soar rapidly in response to announcements or events, making and breaking fortunes. The timely, accessible and accurate release of such information to the public is vital in maintaining market integrity and investor confidence." - Reflect on this statement with a special reference to why and how information is publicly disclosed by companies. Do you think that the disclosure requirements under the Corporations Act 2001 (Cth) has achieved the aim of ensuring "timely, accessible and accurate" information about listed companies for the investors? (10 marks)

(Please note that this is an essay question, and it does not require IRAC structure. However, a standard format of essay - introduction, body and conclusion - is recommended.)