Covid-19 Monthly archive

Mar 31, 2020
NIRI postpones annual conference due to Covid-19
The NIRI annual conference, which was scheduled for June 14-17, has been postponed until further notice, with hopes to reschedule for early December, NIRI president and CEO Gary LaBranche says. NIRI announced the decision to its members on March 26, after the board unanimously voted to postpone the conference last week. LaBranche says NIRI’s leadership is working with the venue – the Fontainebleau in Miami Beach – to secure a new date. All hotel bookings will ...
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Mar 31, 2020
How banks should prepare for first-quarter earnings in light of Covid-19
Given the rapid acceleration of the Covid-19 pandemic, the first-quarter 2020 reporting season will be the most challenging period for banks since the Great Recession.  Management teams will likely face many questions they have never been asked before as the investment community attempts to assess the current and future impact of the Covid-19 crisis on their companies. Based on our discussions ...
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Mar 30, 2020
DIRK cancels annual conference due to Covid-19 disruption
DIRK, the German investor relations association, has announced the cancellation of its annual conference due to the ongoing disruption caused by the coronavirus outbreak. The conference, due to be held this year on June 8-9, is the association’s main annual event and normally attracts around 400 IROs.  ‘This decision was not an easy one for us because we put a lot of time and passion into t...
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Mar 27, 2020
Post-pandemic equity stories: A CEO’s guide to the future
The gift of hindsight, when applied to large-scale crises, can make us all look wise. Looking back, it seems obvious that subprime mortgages were inappropriate vehicles for huge debt investments. Looking back, it seems obvious that Enron, Madoff and Lehman Brothers were not viable businesses. Looking back, it seems obvious that a bull run could not continue forever. The current Covid-19 crisis will be ...
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Mar 27, 2020
Slack CEO lifts lid on earnings amid Covid-19 in tweetstorm
Stewart Butterfield, CEO of work collaboration tool Slack, has given social media an inside look at last week’s fourth-quarter earnings call through a string of updates on Twitter.  The 40-odd posts – published simultaneously in what is known as a tweetstorm – catalogue Butterfield’s thoughts and actions over the last two weeks as he led his company through the growing spread of Covid-19. ...
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Mar 25, 2020
SEC enforcers warn directors about insider trading amid Covid-19
The SEC’s top enforcers have warned directors and executives against taking advantage of developments arising from the Covid-19 pandemic to engage in insider trading. Stephanie Avakian and Steven Peikin, co-directors of the SEC’s division of enforcement, in a statement on Monday emphasized the need to follow corporate controls and procedures during this period. ‘[I]n these dynamic circumstances, corporate insiders are regularly learning new material non...
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Mar 24, 2020
AIRA calls for virtual AGM change to be made permanent
The Australasian Investor Relations Association (AIRA) has welcomed the decision by the Australian financial regulator to allow virtual AGMs for a limited time and called for the change to be made permanent. On Friday, the Australian Securities & Investments Commission (ASIC) released a no-action position giving companies the green light to conduct virtual AGMs, as well as delay the date of their annual meeting for two months.  The no-action position on ...
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Mar 23, 2020
FCA asks UK issuers to delay results amid Covid-19 disruption fears
UK regulator the Financial Conduct Authority (FCA) is asking British firms to delay publication of preliminary results for at least two weeks in response to business disruptions triggered by the Covid-19 crisis in the last couple of weeks, reveals the authority in a statement published last week.  On March 21, the FCA sent a letter to listed companies based in the UK, requesting that firms due to present preliminary financial statements in the upcoming days should ...
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Mar 23, 2020
Most CFOs fear Covid-19 could trigger global recession
A Covid-19-triggered global recession is a top concern for American CFOs as they prepare for falling revenues and a drop in consumer confidence, according to a pulse survey from PwC. In a survey of 50 leaders from a cross-section of industries in the US and Mexico polled during the week of March 9, 80 percent of respondents say they fear Covid-19 will lead to a global recession. When asked to name their top three concerns in response to the pandemic, 48 percent poin...
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