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 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 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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Mar 20, 2020
Guest article: Covid-19 becomes Black Swan of 2020
Countries, companies, individuals and institutions are personally impacted by the virus, with lives at risk. Understandably, IR practitioners have been inundated with requests from the investing community and the media regarding the impact on their company, how management is preparing for this Black Swan event, and some basic granular issues related to the employees, customers, suppliers and business contingency and continuity. Singapore leaders have indicated th...
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Mar 19, 2020
Investor communication in the face of Covid-19
With financial markets in free fall amid the ongoing coronavirus crisis, companies are increasingly barraged with one-off calls from analysts and investors seeking information that can be difficult to provide within the confines of Regulation FD. At the same time, as this is a crisis without a clear playbook, timely information has never been more important to investors than it is right now.  With this in mind, we reviewed some best practices and practical s...
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Mar 16, 2020
Investors avoid conferences but remain open to meetings amid Covid-19 spread
Most European investors have stopped attending conferences but a significant number remain open to meetings despite the rapid spread of coronavirus, according to research by Phoenix-IR, a corporate access firm. The survey, which polled the views of European institutional investors between March 11 and March 12, finds that 76 percent of respondents say they are no longer attending investment conferences. But while Europe is now considered the epicenter of the ...
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