Covid-19 Archive

Dec 08, 2020
Looking back on the 2020 proxy season and ahead to 2021
On a global basis, the Covid-19 pandemic has been by far the biggest issue faced by companies during proxy season. The pandemic shut down office buildings and businesses across the globe and forced people to shift to remote working, staying inside their homes with limits on physical interaction with the outside world – and heralded the introduction of the virtual AGM. Virtual meetings become the standard Robert Marese, president at MacKenz...
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Nov 05, 2020
ESG: The legacy of Covid-19
During the depths of the first lockdown, you could be forgiven for expecting to see ESG issues jettisoned from corporate strategy for the foreseeable future. As businesses immediately focused on navigating the huge challenges of the crisis, fighting to continue their operations and adapting to remote working, it certainly appeared that there was a move away from broader concerns such as climate change and diversity.  Over the past few months, however, there ...
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Oct 07, 2020
IR papers: A pandemic’s literature review
Our top scientists are feverishly working to uncover the financial and communications implications of the Covid-19 pandemic. Here’s a smattering of what we know so far. Cultural traits affect how markets respond to disasters Countries with higher avoidance uncertainty scores – such as Germany, Japan and Mexico – exhibited larger stock market decreases than lower avoidance-uncertainty countries by 5.4 percent over the three weeks after ...
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Sep 21, 2020
Carry on communicating: Investor newsletters from NagaCorp
Hong Kong-listed NagaCorp runs Cambodia’s largest hotel-casino, NagaWorld. It is one of the most profitable gaming companies and the largest in the Mekong region. When it listed in Hong Kong in 2006 it became the first gaming IPO on the city’s exchange, and the first foreign-owned company with operations in Cambodia to list overseas. But this is a business vulnerable to the effects of Covid-19 and when lockdown reached Cambodia, operations shut down completely, ...
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Aug 26, 2020
Covid-19: Global dividends plunge by $108 bn in Q2
The novel coronavirus has been responsible for a global slashing of dividends, according to the latest data from Janus Henderson, with payouts falling by $108 bn across the world’s 1,200 largest companies.  The 22 percent fall, to a global payout of $328.2 bn across the quarter, is the worst quarterly drop since the asset ...
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Aug 03, 2020
Covid-19 puts spotlight on human capital
Corporate leaders have in recent years proclaimed their company’s employees as their greatest asset – statements that have sometimes been met with skepticism. So when Covid-19 emerged to threaten the lives of workers, it was time for employers to put not just their money but also their attention and efforts where their mouths were. Human capital management had been growing in prominence for investors and companies before 2020, but the pandemic thrust it into the...
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Jul 20, 2020
Covid-19: Investor communications during Q2 earnings season and beyond
When Covid-19 initially hit, companies were forced to deal with myriad challenges, including state-by-state regulations and an often confusing federal response. Almost overnight, ‘business as usual’ ceased to exist. Companies quickly turned their attention to the well-being of employees and customers, financial and operational challenges, and stress-testing business models in the face of a crisis with no playbook and limited information about the outlook. At the same t...
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Jul 17, 2020
Investor groups urge SEC to help improve virtual AGMs
A coalition of major investor groups has called on the SEC to take action to avoid a repeat of what it says was a proxy season dominated by virtual AGMs that were a ‘poor substitute’ for the usual in-person events. Health and safety considerations arising from the Covid-19 pandemic have led most US companies to switch to a virtual format for this year’s shareholder meeting. In a ...
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