In its first annual Board of Directors Survey, Eisner LLP, accountants and advisors, found that directors say that the issue of faulty or incomplete regulatory compliance is the number one topic being discussed, outside of financial risk. This is not surprising given the degree of change, both proposed and enacted by the Obama administration and many state legislatures. President Obama can not take all the credit or blame for this focus, as the Wall Street crisis, the recession, and high-profile financial scams have boardrooms challenging management to work toward deploying risk mitigation strategies.
Read more…
Categories: General Tags: bankruptcy, board of directors, cash flow, cfo, cost containment, credit and banking, investor relations, liquidity, regulatory compliance, reputational risk, Sarbanes Oxley
A recently settled SEC enforcement action regarding a Reg. FD violation once
again brings the issue of disclosure to the forefront. It also points
to the need for corporate managers to remain vigilant to insure that disclosure
regulations are being followed to safeguard the company’s reputation by fostering
an “environment of compliance.”
Read more…
September 25th, 2009
admin
Once again, the time for the quarterly earnings conference call is upon us. For
some, this causes much wailing and gnashing of teeth (particularly as the CFO
pours over the books looking for the last penny or two he might have missed
or battles his outside auditors over one issue or another). For others,
it is a normal course of business activity as they typically have the routine
down to a science.
The quarterly conference call offers management the opportunity to shine,
get the company’s key messages across, present insights into its strategic
plans, and discuss the progress of its turnaround program, among other important
items. Perhaps, most importantly, the conference call enables management
to talk directly with the company’s investors and provides them with a forum
to question management. How well your company prepares for the call will
go a long way in burnishing your company’s reputation and standing.
We offer some insights into facilitating a good conference call:
Read more…
Categories: Earnings Tags: buy-side, ceo, cfo, conference call, Earnings, feedback, iro, quarterly conference call, reputation, script, sell-side
Given the rate of executive departures these days, one would think that CEOs’
offices are equipped with revolving doors or that somebody has declared open
season on them.
So what does this mean to you? At some point in your career, you will be charged
with announcing the departure/retirement of your corporate chieftain and the
coronation of his successor. Planned successions are relatively easy whereas
those that are somewhat contentious require skill as you seek to minimize fallout
and preserve your company’s reputation.
In addition to a succession plan, companies need to have a communications
program in support of a CEO transition — either planned or unexpected. Careful
planning is essential to insure that the transition is smooth and that all
of the company’s constituencies are addressed. Here are some insights into
the process:
Read more…
Categories: CEO, CFO Transitions, General, IR Best Practices, Tips Tags: ceo, cfo, changing of the guard, communication, crisis, planning, reputation, retirement, strategies, transition, word of mouth
Welcome to IR-IAM’s inaugural post. This space will offer insights, tips and
tricks of the trade for the investor relations professional. We’ll cover the
issues, regulatory changes (and challenges) and news that is important to the
practice of investor relations. We’ll offer straight talk with a touch of irreverence
as we work to inform and interpret and, perhaps, to amaze and surprise. We
hope to bring you things that will make your life easier by helping you make
your CEO happy…
Read more…
