Reporting Archive

Mar 20, 2020
What if a fire alarm sounds during the earnings call?
Mark Chyc-Cies, vice president of strategy, planning and investor relations at Gibson Energy If people say an earnings call is part art, then it’s also fair to say that the show must go on. And while the audience would likely appreciate that ensuring everyone’s safety is the top priority in such an instance, I would not be surprised if that alarm began to ring just after the top-ranked analyst asked a pointed question that is also front of mind...
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Feb 25, 2020
Extreme language on earnings calls has positive result, study finds
Investors appear to interpret companies’ strong language on quarterly earnings calls as a positive sign for future earnings and sales, reveals a combined study from the University of Miami, the University of Texas and the Georgia Institute of Technology. By contrast, moderate language is associated with weak future performance, finds the research, which is written Khrystyna Bochkay of the University of Miami, Jeffrey Hales of the University of Texas at Austin, an...
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Jan 28, 2020
Behind NorthWestern Energy's DIY proxy statement
As proxy statements continue to evolve into glossier, more visually engaging publications, the number of people involved can increase – as can budgets. But for NorthWestern Energy that isn’t an option. The two-person corporate secretary team is responsible for drafting the language, gathering the data and drawing the charts, says Tim Olson, senior corporate counsel and corporate secretary at the company. Olson says he and his colleague Emily Larkin, assistant co...
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Jan 24, 2020
GM scores back-to-back proxy statement awards
GM won the best proxy statement (large cap) category for the second consecutive year at the 2019 awards. Its entry showed clear progression from the previous year’s award-winning proxy statement, and both publications emphasize the growing importance of communicating a cohesive theme through the proxy statement. In 2017 GM faced a proxy contest with Greenlight Capital in which the investor questioned the company’s capital allocation and the makeup of the board. ...
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Jan 06, 2020
Regulators continue focus on Brexit disclosures
Listed companies are being encouraged to pay close attention to their Brexit-related corporate reporting as the UK’s exit from the European Union draws near.  The UK’s Financial Reporting Council (FRC) has announced it will carry out a thematic review into the impact of the decision to leave the EU on corporate disclosures. The thematic reviews are used to identify best practice and areas that require improvement. The FRC, which monitors reporting qualit...
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Jan 03, 2020
How SASB aims to keep its standards relevant
The Sustainability Accounting Standards Board (SASB) has reportedly seen the number of companies using its standards double since late 2018. Its lead analyst caught up with IR Magazine and Corporate Secretary to outline how the group will keep its guidelines up to date. Speaking at the ESG Integration Forum – US 2019, Anton Gorodniuk outline...
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Dec 17, 2019
GM governance team discusses benefits of collaboration on proxy statements
GM’s securities counsel John Kim says he is proud of how the company worked cross-functionally to deliver its award-winning proxy statement this year. GM won the best proxy statement (large cap) category at the Corporate Governance Awards for the second consecutive year. The company’s 2018 proxy statement was largely a response to a proxy contest with Greenlight Capital, whereas the 2019 statement was used to focus more on the company’s long-term vision. ...
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