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Posts tagged “investor relations”

Engagement is a process, not an event – Part 3 of 3

This is the third of a three-part series on board engagement. This post is written from the investor’s perspective.

Glenn Booraem is a Principal of the Vanguard Group, Inc. and the Treasurer of each of the Vanguard Funds. He has worked for Vanguard since 1989 and currently oversees the firm's corporate governance program, covering more than $2 trillion in equity market value. He is a frequent speaker on governance to industry groups and has served on the New York Stock Exchange’s Proxy Working Group and Commission on Corporate Governance.

Calls for better communication between companies and their increasingly institutional owners are nothing new. Corporate governance veterans Kayla Gillan and Rich Koppes (then at the California Public Employees Retirement System)…

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Why are some boards still reluctant to communicate with investors? – Part 2 of 3

This is the second of a three-part series on board engagement. This post is written from the perspective of a public company board member.

Gina France is President and CEO of France Strategic Partners LLC, which provides strategy and transaction advisory services and special project consulting to corporations. She has over 30 years of strategy, investment banking and corporate finance experience and is a 15-year veteran of Wall Street.  She serves on the boards of several public companies, including CBIZ, Inc. (NYSE: CBZ), Cedar Fair L.P. (NYSE: FUN), and FirstMerit Corporation (Nasdaq: FMER). 

Clearly, most boards take their fiduciary duties very seriously, understanding that they are accountable to shareholders and responsible for increasing shareholder value.…

Continue Reading Why are some boards still reluctant to communicate with investors? – Part 2 of 3

Finding the right strategy for effective board engagement with shareholders – Part 1 of 3

This is part one of a three-part series on board engagement. Future posts will include perspectives from a public company board member and an institutional investor.

Corporate directors are becoming more involved in shareholder engagement than ever before – not only because of shareholder activism, but also as a proactive strategy to ensure that investors are receiving the right messages and their concerns are addressed.  Their involvement can enhance management presentations by  providing a greater sense of the credibility and commitment of the entire board.

But while a growing number of companies are engaging with investors (see this Investor Responsibility Research Center Institute study), some boards and management teams remain unconvinced about the wisdom of…

Continue Reading Finding the right strategy for effective board engagement with shareholders – Part 1 of 3

Grappling with Non-GAAP Disclosure

As investor relations and corporate communications officers gear up for the summer round of quarterly reporting, the process promises to be more harried than usual as a result of heightened scrutiny by the Securities and Exchange Commission of non-GAAP reporting. Many companies will grapple with revisions to the wording and structure of their earnings releases. Others may need to significantly revise the template they have used for years.

Here are five Dos and Don’ts for making sure your reporting conforms with the new SEC Compliance and Disclosure Interpretations regarding the use of non-GAAP financial measures without distracting from a true financial picture.

1) Don’t Overreact.

Non-GAAP metrics have gotten a bad name due to blatant abuse by a small number of…

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How do investor relations and sustainability keep missing each other?

The investor relations and sustainability fields recently missed a rare opportunity to collaborate and build relationships that could have long-term benefits. Earlier this month, both the 2016 National Investor Relations Institute (NIRI) Annual Conference and Sustainable Brands 2016 were held in San Diego, occurring simultaneously about a 15-minute drive away from each other. We wish the organizers of the two events had agreed to do something together, but they did not. It was a lost opportunity, in our view, although the shared goals and need for collaboration may be a foregone conclusion.

The fact is investor relations and sustainability are increasingly being pushed together by growing interest in socially responsible investing, integrated reporting,…

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