Throughout this article, found on ComplianceWeek, is discussed the measures the Securities Exchange Commission is taking in terms of tightening guidelines and increasing disclosure for proxy advisory firms. The proxy advisory firms that are being targeted are directly linked towards influencing how investors vote their shares.
Recently adopted is a requirement for all proxy advisor firms to register as investment advisers due to the discussion paper published by the National Investor Relations Institute as well as the Society of Corporate Secretaries & Governance Professionals. The basis of these requirements is to look closer at proxy mechanics and voting issues within the industry.
NIRI President and Chief Executive Jeff Morgan stated that a copy of the document regarding these issues has been filed and sent to the Securities Exchange Commission and hopes that the recommendations about the revolving issues will be discussed in the upcoming concept release.
In order to maintain guidelines and standards, it is vital that action is taken in regards to proxy advisers firms seeing how they remain highly unregulated and unsupervised. There needs to be an improvement in the aspects of standards, procedures, conflicts of interest, etc. These firms can have a large significance in terms of influence on director elections and corporations seeing how a majority of their pension funds and mutual fund clients typically have large stock holdings.
Due to changes in the New York Stock Exchange Rule 452, which has reduced influence of retail investors and the Investment Advisers Act of 1940, which proposes disclosing conflicts of interest, their have been positive movements in terms of strengthening and tightening guidelines and disclosure for proxy advisory firms.
It is quite evident, that corporations as well as proxy advisor firms have to efficiently and effectively follow the guidelines put in place by the SEC as well as NIRI. Investor Relations is only growing more rapidly as time progresses and rules and regulations are only getting stronger and more disclosure is becoming a norm. With the help and guidance of the SEC, NIRI, & SCSGP, it can only benefit firms by allowing for more accurate information and in a timely manner.
Sunday, March 28, 2010
Monday, March 22, 2010
NIRI experts discuss Investor Relations and Twitter
Throughout this article, the Nation Investor Relations Institute (NIRI) discusses how the will be holding a seminar this Wednesday, March 24th 2010. The seminar will be taking place at Giovanni's - The Waters Edge in Darien, CT starting at 12 PM.
The event will consist of a Panel of experts including: Darrel Heaps a representative of Q4 Web Systems, Dan Dykens from Meetthestreet, Doug Chia from Johnson & Johnson, and Dennis Walsh from Sharon Merrill Associates.
Q4 Web Systems provides on-demand software as well as helps protect corporations reduce risk in terms of disclosure and compliance. Meetthestreet provides a calender of times and dates for corporations doing roadshows, which is vital and important to a corporations investor relations as well as public image. Johnson & Johnson is a worldwide leader in health care products and manufacturing. Last but not least, is Sharon Merrill Associates whom specializes in investor relations and communications.
This event will revolve around the topic of investor relations and the utilization of Twitter, if it should be implemented, why or why not, and the positive and negative aspects of utilizing this source of media. Throughout my coursework, I have learned that Twitter is a great source to utilize in terms of public relations because it is quick, reaches multiple and various audiences, and the best factor, is it is free of cost. I find that Twitter is more effective, however in terms of corporations utilizing this software, they must be aware of what to say and not to say.
67% of global online population use Twitter and blogs, so their is a vast majority of listeners and audiences that follow tweets regarding company information. In addition, 55% are utilizing Twitter for blogging, so their is a great amount of interaction, so we will just have to wait and see what the panel of professionals will have to say about the utilization of Twitter at this weeks event hosted by NIRI.
The event will consist of a Panel of experts including: Darrel Heaps a representative of Q4 Web Systems, Dan Dykens from Meetthestreet, Doug Chia from Johnson & Johnson, and Dennis Walsh from Sharon Merrill Associates.
Q4 Web Systems provides on-demand software as well as helps protect corporations reduce risk in terms of disclosure and compliance. Meetthestreet provides a calender of times and dates for corporations doing roadshows, which is vital and important to a corporations investor relations as well as public image. Johnson & Johnson is a worldwide leader in health care products and manufacturing. Last but not least, is Sharon Merrill Associates whom specializes in investor relations and communications.
This event will revolve around the topic of investor relations and the utilization of Twitter, if it should be implemented, why or why not, and the positive and negative aspects of utilizing this source of media. Throughout my coursework, I have learned that Twitter is a great source to utilize in terms of public relations because it is quick, reaches multiple and various audiences, and the best factor, is it is free of cost. I find that Twitter is more effective, however in terms of corporations utilizing this software, they must be aware of what to say and not to say.
67% of global online population use Twitter and blogs, so their is a vast majority of listeners and audiences that follow tweets regarding company information. In addition, 55% are utilizing Twitter for blogging, so their is a great amount of interaction, so we will just have to wait and see what the panel of professionals will have to say about the utilization of Twitter at this weeks event hosted by NIRI.
Saturday, March 13, 2010
The Publicity Club of New England
The Publicity Club of New England happens to be the oldest nonprofit public relations trade organization in the Northeast, which was founded in 1948. What the club primarily insists on doing, is to promote and encourage involvement within the area of communications, including public relations, marketing, etc.
As of March 9th, The Publicity Club announced its new program that will be taking place this upcoming Monday, March 15th at the Westin Waltham-Boston in Waltham, Massachusetts. This unique program is titled, "Investor Relations 101 for PR Pros." The program is sponsored by Business Wire, where at 6 P.M. Monday night, individuals from all over can come and discuss the importance of investor relations.
The program will discuss how a majority of small companies or pre-IPO companies leaving communicating up to the public relations professional, and how all members of a firm should have the knowledge and skills to act on behalf of the public relations sector of their company. Even larger firms need to learn how to integrate their PR and IR departments, so they can work hand in hand, and in balance with one another.
In summary, this program seems like a very attractable event to attend, being quite informative and beneficial for all. The program will also cover the basics of the SEC, Initial Public Offering's, and how to communicate to all audiences about quarterly earnings. Their will be representatives from the NIRI, Tatum, Sharon Merrill Associates, Compliance Week, and many more other prestigious names and firms.
As of March 9th, The Publicity Club announced its new program that will be taking place this upcoming Monday, March 15th at the Westin Waltham-Boston in Waltham, Massachusetts. This unique program is titled, "Investor Relations 101 for PR Pros." The program is sponsored by Business Wire, where at 6 P.M. Monday night, individuals from all over can come and discuss the importance of investor relations.
The program will discuss how a majority of small companies or pre-IPO companies leaving communicating up to the public relations professional, and how all members of a firm should have the knowledge and skills to act on behalf of the public relations sector of their company. Even larger firms need to learn how to integrate their PR and IR departments, so they can work hand in hand, and in balance with one another.
In summary, this program seems like a very attractable event to attend, being quite informative and beneficial for all. The program will also cover the basics of the SEC, Initial Public Offering's, and how to communicate to all audiences about quarterly earnings. Their will be representatives from the NIRI, Tatum, Sharon Merrill Associates, Compliance Week, and many more other prestigious names and firms.
Monday, March 1, 2010
Bluegrass Energy & SISM Research
Throughout this article, SISM Research Innitiates Independent Research Coverage on Bluegrass Energy, Ernest C. Schlotter tells about the reviews and opinions of Bluegrass Energy, as well as the standards that SISM upholds within it's practices and research.
Schlotter is a senior analyst with InvesTrend as well as an affiliate with SISM research. As of February 22nd, Schlotter has compiled a report regarding Bluegrass Energy and the companies stock target valuation and rationale for the information they suggested.
It is vital that future investors gather a wide array of information and data on companies before trading and investing in publicly traded companies. In addition, one must decipher between analyst reports and report disclosures, and should only then utilize the data received with the help and guidance of a registered financial advisor.
In terms of Bluegrass Energy, this is a fairly new company that specializes in exploitation and production to acquire oil and natural gas. They specifically target to exploit these resources through the Permian Basin. BLUG owns 60% of the working interest within Grayburg Jackson Pool, which is approximately 2,800 acres, allowing for more than a hundred possible drilling opportunities.
Therefore, Schlotter along with his team of specialists at SISM Research are quite excited to start analyzing Bluegrass Energy, seeing how they are a new corporation, but have multiple opportunities for long term growth. Through the integrity that SISM Research upholds, they must continue in their ways to exceed the CFA Institute Code of Ethics and Standards of Professional Conduct as well as the NIRI guidelines.
Schlotter is a senior analyst with InvesTrend as well as an affiliate with SISM research. As of February 22nd, Schlotter has compiled a report regarding Bluegrass Energy and the companies stock target valuation and rationale for the information they suggested.
It is vital that future investors gather a wide array of information and data on companies before trading and investing in publicly traded companies. In addition, one must decipher between analyst reports and report disclosures, and should only then utilize the data received with the help and guidance of a registered financial advisor.
In terms of Bluegrass Energy, this is a fairly new company that specializes in exploitation and production to acquire oil and natural gas. They specifically target to exploit these resources through the Permian Basin. BLUG owns 60% of the working interest within Grayburg Jackson Pool, which is approximately 2,800 acres, allowing for more than a hundred possible drilling opportunities.
Therefore, Schlotter along with his team of specialists at SISM Research are quite excited to start analyzing Bluegrass Energy, seeing how they are a new corporation, but have multiple opportunities for long term growth. Through the integrity that SISM Research upholds, they must continue in their ways to exceed the CFA Institute Code of Ethics and Standards of Professional Conduct as well as the NIRI guidelines.
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