Covidien, Broadcom and ViroPharma triumph at IR Magazine Awards – US 2013

Investor relations community gathers in New York for the 18th IR Magazine Awards – US

Covidien has won the grand prix for best overall IR – large cap for the third consecutive year at the IR Magazine Awards – US 2013. The medical equipment maker also picked up best IRO – large cap for Cole Lannum, again for the third year in a row.

Covidien and Intel both received an impressive eight nominations, while Danaher garnered seven, so competition among this trio was fierce. But Covidien pulled through to retain the night’s big large-cap prizes.

The awards, hosted by Ali Velshi, chief business correspondent at CNN, saw hundreds of members of the IR community gather at Cipriani Wall Street in New York.

Now in their 18th year, the IR Magazine Awards – US are based on in-depth research that seeks to identify the best corporate IR teams. This year, IR Magazine canvassed the opinions – through electronic surveys and telephone interviews – of more than 800 sell-side analysts, buy-side analysts and portfolio managers across the US.  

‘With its consistency and helpful approach, Covidien has led the way in IR for some time,’ commented one sell-side respondent to the awards research.

Despite being pipped to the grand prix, Intel still had plenty to cheer after taking home the gongs for best financial reporting, best investment community meetings, best corporate governance and the sector award for best technology company – large cap.

In the mid-cap category, Broadcom claimed the grand prix for best overall IR for the second consecutive year, seeing off competition from Kansas City Southern, Limited Brands and Wyndham Worldwide.

Broadcom was praised for its ‘insightful meetings’ and delivering ‘good disclosure in its reporting, timely updates and a consistent, clear message,’ by a sell-side analyst.

In the small-cap category, ViroPharma beat Jack in the Box, US Airways Group and Old National Bancorp to take the grand prix for best overall IR.

ViroPharma, which also won best IRO – small cap for Bob Doody and Will Roberts, received this praise from one survey respondent: ‘ViroPharma’s management and IR consistently offer transparency and clarity to investors.’

‘Over the 25 years we've been publishing IR Magazine, the worlds of publishing and IR have both changed beyond recognition,’ comments Janet Dignan, CEO and founding editor of IR Magazine.

‘But fundamentally good IR is still a matter of building trust with the investment community - which is what all our award winners and nominees - as well as the IR Magazine US Top 100 - have achieved. My congratulations to them all.’

Hear the whole story

This year's winning companies have been profiled in the Investor Perception Study, US 2013, which is available now to pre-order.  The report contains quotes from buy-side and sell-side analysts on why these companies were chosen as the best exponents of IR in the region, as well as their comments on corporate IR and wider topical IR issues.

The report also contains interviews with the best-performing IR practitioners on their success strategies, as well as the US Top 100, a ranking of the best IR teams in the country. The IPS is must-read material both for IR professionals and for journalists who write about investor relations in the US.

The full winners list

 
Grand prix for best overall investor relations program – large cap ($20 bn and over)
Covidien

Grand prix for best overall investor relations program – mid-cap ($2 bn to $20 bn)              
Broadcom

Grand prix for best overall investor relations program – small cap (under $2 bn)
ViroPharma Incorporated

Best IR professional – large cap
Covidien – Coleman Lannum

Best IR professional – mid-cap
Noble Corporation – Jeffrey Chastain

Best IR professional – small cap
ViroPharma Incorporated – Robert Doody & Will Roberts

Best IR by a CEO or chairman – large cap
JPMorgan Chase & Co – Jamie Dimon

Best IR by a CEO or chairman – mid-cap
Calpine  – Jack Fusco

Best IR by a CEO or chairman – small cap
Pebblebrook Hotel Trust – Jon Bortz

Best IR by a CFO – large cap
Honeywell – David Anderson

Best IR by a CFO – mid-cap          
Wyndham Worldwide – Thomas Conforti

Best IR by a CFO – small cap
Cyberonics – Gregory Browne

Lifetime Achievement in investor relations
Mary Beth Kissane

Best financial reporting
Intel                     

Best use of technology for IR
Danaher Corporation

Best investment community meetings
Intel

Best corporate governance         
Intel       

Most progress in IR         
Maxim Integrated

Best sustainability practice
FedEx

Best IR during a corporate transaction
Express Scripts

Best crisis management
JPMorgan Chase & Co

Best IR for an IPO            
ServiceNow        

Best IR by an Asia-Pacific company in the US market       
Silicon Motion Technology Corp – Taiwan

Best IR by an European company in the US market          
Roche Holding

Best IR by a Latin American company in the US market   
BM&F Bovespa – Brazil
 
>> Sector Awards

Chemicals
Monsanto

Consumer & business services
LinkedIn

Consumer goods
The Coca-Cola Company

Diversified industrials
Danaher Corporation

Finance & insurance
JPMorgan Chase & Co

Healthcare
Covidien

Leisure & media
Wyndham Worldwide

Metals & mining
Freeport-McMoRan Copper & Gold

Oil & gas
Anadarko Petroleum Corporation

Pharmaceuticals & biotech
Johnson & Johnson

Retail
Limited Brands

Technology – large cap
Intel

Technology – mid and small cap
Broadcom

Transport
FedEx

Utilities
NextEra Energy Resources

For the full list of nominees, click here.

Sponsors of the awards include American Stock Transfer & Trust Company (AST), Bank of America Merrill Lynch, Barclays, BNY Mellon, Bloomberg, Business Wire, Computershare|Georgeson, Context America, Innisfree, Investis, Ipreo, Issuer Advisory Group (IAG), MacKenzie Partners, Marketwire, MBS Value Partners, MessageBank, Mizuho Securities USA, NASDAQ OMX, NIRI, OTC Markets Group, PR Newswire, Q4 Web Systems, TD Bank Group, UBS and Wells Fargo Securities.

0 comments

You must be registered to comment.

Please Sign In or Register.

Monthly IR poll