Having sat in board rooms and worked on communicat

Having sat in board rooms and worked on communication teams, I can positively tell you, only about 10% of what is going on "behind closed doors" is communicated out. Two reasons: organizations communicate what they HAVE to by law or by internal policy or procedure; and they communicate what they NEED to only to those that need to know in order to keep those effected parties up to speed. They rarely communicate what some people WANT them to in order to protect ongoing discussions and/or because company business (which could come in the form of investor updates) remains a work in progress. This is why there are general statements (known as "spin" or non-answers to specific questions ("We can't comment on that at this time...". That's just the way communications at the C-suite level works.