Recently through an article written by Brad Allen, editor and publisher for RiskRewardNews, Mr. Allen goes into detail about the change of Investor Relations as the twenty first century continues, as well as upcoming complaints when proxy statement season begins and see what Richard Davis has to say about banking as an industry.
"Or fencing on a tightrope in the eye of the storm" is what Allen likes to call the pace of Investor Relations. He speaks of how as time progresses, traders are outnumbering investors, markets are unclear, and technology is on the rise, while regulation still has some catching up to do.
On a different note, Richard Davis speaks of the upcoming proxy season, where many shareholders will most likely be inquiring about executive compensations, who the executive officers are, what the board compensation is, and so on.
Davis, chairman of the Washington DC based Financial Services Roundtable as well as president and CEO of US Bancorp out of Minneapolis feels a sign of "activism" approaching from shareholders. Davis feels that the banking industry has failed the American people in many ways and knows that it is not only him who feels this way. Therefore, he knows that shareholders will be sure to fill out proxy statements come time.
It is clear to see that if good IR practices had been utilized, that maybe so many financial institutions as well as corporations wouldn't have failed, and we may have been able to avoid such a downfall in the economy, or at least taken a smaller hit. However, now company's must deal with the outside voice, the voice of the public, their consumers and clientele, which will have much to say in the upcoming month.
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