November 8, 2011 – 11:03 pm
For publicly listed companies, transparency is not an option — it is an obligation. by Neil Hershberg, Senior Vice President, Global Media The European Commission said as much when it implemented its harmonized pan-European disclosure standards for the 27-member European Union in January 2007. The compliance guidelines were aptly titled: the Transparency Obligations Directive ["TOD"]. Therefore, the European [...]
October 10, 2011 – 2:06 pm
NASDAQ as a self regulatroy organization (SRO) is proving to be an oxymoron.
September 23, 2011 – 1:50 pm
The Securities and Exchange Commission used to be one of the most respected federal agencies in Washington. Some would argue that this is a low barrier to overcome, but nevertheless, the SEC was for many years considered a well run agency tha…
August 16, 2011 – 5:04 pm
THE US Securities and Exchange Commission (SEC) has approved a New York Stock Exchange (NYSE) rule opposed by investor relations service providers who fear the measure will harm their ability to compete. The SEC’s Division of Trading and Markets approved (PDF 95KB) new Section 907.00 of the Listed Company Manual, which will result in the [...]
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As the Q2 reporting season winds down, a nightmare scenario for investor relations professionals comes to mind: accidentally leaking your company’s earnings release or M&A announcement by inadvertently posting it online. Such a leak spreads easily into a widespread spill into social or traditional media. Can’t happen? Well, it does. A panel discussion at the NIRI [...]
THE US Securities and Exchange Commission (SEC) is going to train about 125 employees to write clearer advice for issuers and their lawyers – but investors are unlikely to benefit from the simpler prose. That’s because in identifying the documents covered by the Plain Writing Act of 2010 that agencies must implement by October 13, [...]
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THE US Securities and Exchange Commission (SEC) is taking extra time to scrutinize the New York Stock Exchange’s (NYSE) controversial proposal to promote an optional suite of investor relations services in its compliance rulebook for listed companies. Proposed Section 907.00 to the Listed Company Manual has sparked anti-competitive concerns among a variety of investor relations [...]
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SEVERAL investor relations service providers have urged the US Securities and Exchange Commission (SEC) to block the New York Stock Exchange (NYSE) from promoting a bundle of website, PR wire and shareholder intelligence services to companies in the exchange’s rulebook. Executives from PrecisionIR, MZIllios, SNL Financial and several smaller firms say the NYSE’s move is [...]
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As the new reality of “say on pay” votes by shareholders settles in, a guiding strategy for companies should be to have your own say. Investor relations professionals (and senior execs) need to learn how to communicate more clearly and proactively on pay and governance. By last week, 20 U.S. companies had lost (failed to get [...]
IN A move that has set off alarm bells at smaller investor relations services providers, the New York Stock Exchange (NYSE) wants to add a new section to its rules promoting a suite of products to its listed companies. The services, which are provided to listed companies as part of their annual listing fees, are [...]
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