ESG Archive

Oct 01, 1997
'Niri is a lifeline for the IR profession in the US. It is essential for IR executives to be members in order to keep abreast of new developments in the industry and keep up with their peers,' comments Lou Thompson, president of the organization for the last 15 years. And Thompson isn't exaggerating. With over 1,300 members and a plethora of seminars, workshops, conferences and informal meetings organized each year on a national and local level, Niri has become...
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Oct 01, 1997
A new asset class has pushed its way into institutional portfolios. Companies worldwide are finding that securitizations, once exotic, are a key instrument in their financing arsenal. As sophisticated investors grow comfortable with the concept, and rating agencies get more adept at rating them, the assets and cash flows used to back issues are becoming curiouser and curiouser. Cash flows converted into securities include railway rolling stock lease payments, ...
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Sep 01, 1997
The Hampel committee's interim report should be welcomed by companies and shareholders alike as a further move in the right direction. The need for principles rather than prescription in corporate governance is common sense. No two companies - or shareholders - are identical, so why have rules set in stone with no room for maneuver on either side? Sir Ronald's disdain for a box-ticking approach goes even further. 'It can be seized on as an easier option than t...
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Sep 01, 1997
If your corporate goal is to increase shareholder value then it's no good just tying the interests of senior executives to the value of your stock, you've got to extend that link to all employees. And it's no good just giving your domestic workforce an interest in what happens to your share price. If yours is an international company then the concept of share ownership should include employees across the globe. That's the message from Jim Kappel, a spokesman fo...
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Sep 01, 1997
When we were young and foolish, it was considered cool to open the doors of perception by licking toad skins, chomping on morning glory seeds, or roasting banana skins and smoking the result. Yes, the US has no bananas, but you have to ask what the administration has been smoking but not inhaling lately. They seem to have expanded their collective mind to the point of hard vacuity. Since the US doesn't grow any bananas of its own, companies like Dole and Chiqu...
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Sep 01, 1997
Cigarettes may have not only killed the Marlboro Man, they've also started chipping away at the stock of the company he represented for 25 years. While the stock market continued to skyrocket this summer, Philip Morris and other tobacco companies which agreed to pony up over $370 bn in a class-action lawsuit settled in June weren't as lucky. So far, Philip Morris is down over five points from June 19, the day prior to the deal, through mid-July. Over the same time pe...
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Sep 01, 1997
Basel's financial establishment is far from worried about being considered off the beaten track. 'There are a lot of company presentations in Zurich and Geneva; only sometimes in Basel. But then you can lose a lot of time with presentations,' explains Hans-Rudolf Hufschmid, who heads institutional asset management at Bank Sarasin & Cie, a 156-year-old aristocrat of Swiss banking. In today's global village where information flows at the very press of a computer bu...
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Aug 01, 1997
By any yardstick, Dublin is one of Europe's most alluring cities. It is visited in ever-rising numbers by all manner of tourists. Film stars, rock legends, best-selling writers and politicians in search of their roots mingle, happily enough for the most part, with American and Japanese visitors, pre-wedding parties over from Britain for the weekend and bunches of earnest individuals eager to sample a variety of alcohol-enhanced cultural, literary and sporting experie...
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Aug 01, 1997
It's that time of year again. The point when most sane individuals opt to kick off their shoes for two-weeks plus and wiggle their toes in the sand or drag the family around the sights of an as yet unexplored city. Unfortunately for investor relations professionals, those pesky analysts and fund managers point blank refuse to come to some form of cartel agreement and shut down the markets for two weeks each summer. There they are taking staggered holidays to e...
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Aug 01, 1997
Ask virtually any leading fund management institution the world over what their outlook is over the next ten years and they'll tell you that they are in a growth industry. Funds under management are booming and things are looking rosy in the years ahead. Governments in developed markets are waking up to the problem of ageing populations and developing new ways to encourage individuals to save for the future. The biggest expansion is in equity funds under manage...
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