Evaluating NIRI's Do's and Don'ts for IR websites
THE US National Investor Relations Institute (NIRI) has issued a 5-page briefing on investor relations website practices based on a review they did of the largest 100 US companies’ sites. On one level I can’t help but applaud the guidelines because they are long overdue. Investor relations websites have been around for more than 10 [...]
As XBRL mandate looms, SEC seeks urgent help with software
AS THE US Securities and Exchange Commission (SEC) considers new rules to require companies to begin filing their documents in eXtensible Business Reporting Language (XBRL), it has been having trouble finding software experts who can help make those filings usable to investors. The commission put out a pressing call in June for contractors to help [...]
Why full-text press releases are now your enemy
UPDATE: Limelight Networks has responded to this article in the comments below. US INVESTOR relations departments that continue to issue full-text press releases are not only wasting their shareholders’ money, they’re also shooting themselves in the foot by ensuring that their websites will fail to meet “recognized channel” status under the SEC’s new guidance for [...]
SEC greenlights "notice-and-access" news releases
THE US Securities and Exchange Commission’s (SEC) new guidance for company websites gives investor relations departments an opportunity to cut their disclosure costs and boost traffic to their websites by using “notice-and-access” news releases for Regulation FD. Although the SEC’s guidance goes so far as to say that “some companies” may not need to use [...]
SEC's new guidance for websites and blogs posted
THE US Securities and Exchange Commission (SEC) has published its 47-page interpretive release that explains how companies can use their websites and blogs to meet its requirements for public disclosure under Regulation FD. Here’s a Scribd version of the complete release, which can also be downloaded in PDF from the SEC’s website. See my initial [...]
Sell-side research reports now in XBRL
NEW YORK-based broker Auerbach Grayson & Company, Inc., which specializes in providing global trade execution and research to leading US institutional investors, is providing its clients with a huge global library of equity research reports in eXtensible Business Reporting Language (XBRL) format. The new offering, which the brokerage is offering at no charge to its [...]
At Google Finance, Google's profit miss not news
BIZARRE is the only way to describe the screenshot below of Google Finance’s homepage this morning — the day after the search giant reported earnings that missed analyst forecasts and sent its shares tumbling more than 7% in after-hours trading. By all accounts, Google Inc.’s (NASDAQ:GOOG) earnings miss was big news. It is on the [...]
SEC seeks to "blow up" forms-based system
THE US Securities and Exchange commission has launched a study that could lead to the scrapping of its 75-year-old system that requires companies to file disclosures on prescribed forms like 10Ks, Form 4s and DEF 14As.
IR Magazine Nordic Awards announced
DENMARK’S Danske Bank this week swept the IR Magazine Nordic Awards in Copenhagen — winning three of the top regional titles, including the Grand prix for best overall investor relations and best use of technology. The bank’s head of investor relations Martin Gottlob was voted the Nordic Region’s best investor relations officer by the 180 [...]
Who to visit at NIRI's vendor showcase
IN TODAY’S technology-driven disclosure world, every IR department needs a reliable and highly informed web communications partner to help them navigate through the many new and exciting ways that they can connect online with their investors. This was made clear yesterday at the National Investor Relations Institute (NIRI) annual conference in San Diego when John [...]
US firms love e-proxy savings, but at what cost?
DESPITE the risk that they might be reaping short-term gains while laying the foundation for long-term pain, 566 US companies used notice-only e-proxy mailings for their shareholder meetings by the end of April. According to figures compiled by Broadridge Financial Solutions Inc., companies have saved about $132 million through lower print and mailing costs. Unfortunately, [...]
Top tech blog exposes scam at IPO firm
TECHCRUNCH, a leading technology blog that boasts more than 3 million readers, has accused a company that is currently preparing an IPO of funding its growth by running a scam that gets people to unknowingly bill small recurring payments to their credit cards. The company, Intelius, is run by Naveen Jain who left his former [...]
SEC proposes rule to make XBRL mandatory
THE US Securities and Exchange Commission (SEC) is proposing a rule for all companies to file their annual and quarterly reports in eXtensible Business Reporting Language (XBRL) on a staged basis over the next three years. Under the proposal, the 500 largest companies — including foreign firms that use US GAAP — will begin filing [...]
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