Recent articles

IROs should be involved in proxies or risk mixed messages, says expert

Jun 20, 2018

With proxy season well underway in the US, IR teams are advised to play an active role in structuring the message that goes into the proxy statement, according to one expert. Speaking to IR Magazine at the NIRI national conference, Ron Schneider, director of corporate governance services at Donnelley Financial Solutions, highlights why significant input from the IR team can make for a better proxy statement. ‘At leading companies, IROs have been in...

Careers

New IRO at Hillenbrand

Jun 20, 2018

Candice de Monts-Petit

NYSE-listed Hillenbrand has appointed Richard Dudley as its new head of IR. Currently director of financial planning and analysis, Dudley joined the Baseville, Indiana-headquartered firm in 2014, having previously held several senior positions at Hillenbrand spinoff Hill-Rom, including director of corporate development and strategy and CFO for the respiratory care division. Prior to this, he worked at Ethicon, a subsidiary of ...

Activism

What activist and index fund collaboration means for IR

Jun 19, 2018

Ben Ashwell

What activist and index fund collaboration means for IR

As index funds look to activists as a way of altering a company’s strategy, IROs and corporate secretaries need to form a united front, says Dan Romito, Nasdaq’s global head of investor analytics. The partnership between index funds and activists can work for both parties: index funds can align with an investor that helps them alter the long-term strategy of a tar...

Careers

Going all in on IR

Jun 19, 2018

Ben Ashwell

Greg Secord, vice president of investor relations at Open Text Corporation, won the lifetime achievement award at this year's IR Magazine Awards - Canada. Here, he reflects on his career so far. How has the role of IR evolved during your career? When I first started in this profession there was somewhat of a debate about whether this was a stepping stone. As IR became a more strategic role we have seen those that came into the profession c...

Reporting

China’s regulator warns companies not to inflate IPO valuations

Jun 19, 2018

Andrew Holt

China’s regulator warns companies not to inflate IPO valuations

China’s securities regulator has warned new-economy companies not to inflate their valuations in the pre-IPO stage. Pointing to China Literature, Ping An Good Doctor, Razer, Yixin Group and ZhongAn Insurance, the China Securities Regulatory Commission (CSRC) notes in a statement that the valuation swings after their IPOs have caused concerns about overpricing. The CSRC has requested that issuers, underwriters and institutional investors ‘exercise caution�...

Technology & Social Media

Audio articles: IR Magazine summer 2018

Jun 19, 2018

Staff Writers

Don’t have time to read all the longer features in your new copy of IR Magazine? Or simply want to listen to the latest in IR trends? A selection of features from each print magazine are chosen to be made available as audio articles – so if you’re a subscriber, simply click on the article below and look for the SoundCloud file. You can then stream or download the article of your choice....

Shareholder targeting & ID

Investors flocking back to US equities, says survey

Jun 19, 2018

Andrew Holt

Investors flocking back to US equities, says survey

Allocations to US equities have climbed 16 percentage points among investors, according to the Bank of America Merrill Lynch (BofAML) June Fund Manager Survey, with 64 percent of respondents saying the US has the most favorable outlook for profits: a 17-year high. That is all the good news in the June survey, however – all other regions have negative profit outlooks. In addition, a record 42 percent of investors surveyed say companies are over-leveraged, ...

Sell side

The UK IPO landscape: A pre-Brexit review

Jun 19, 2018

Staff Writers

The UK IPO landscape: A pre-Brexit review

As Brexit date fast approaches, we take a look at the UK IPO landscape and assess the impact of the UK’s ‘leave’ vote – both currently and in the future – by hearing the views of Neil Glover, IPO business development director at EY. What has been the impact of the Brexit vote on the IPO landscape thus far? The initial impact of Brexit was to cause a decline in the I...

Reporting

NIRI updates earnings guidance policy to focus on long term

Jun 18, 2018

Ben Ashwell

NIRI updates earnings guidance policy to focus on long term

NIRI has announced an updated policy statement on earnings guidance that prioritizes a longer-term view of company performance. The new policy discourages NIRI members from offering quarterly guidance estimates, suggesting that it drives short-termism. Instead, companies should consider offering annual guidance that’s updated quarterly, the policy says. Almost one third (29 percent) of NIRI members provide quarterly EPS estimates, according to NIRI’s e...

Careers

Columbia Sportswear appoints new head of IR

Jun 18, 2018

Andrew Holt

Columbia Sportswear appoints new head of IR

Columbia Sportswear Company – the US outdoor apparel, footwear, accessories and equipment company – has appointed Andrew Burns as director of investor relations and competitive intelligence. Burns reports to senior vice president and CFO Jim Swanson and is based at Columbia Sportswear’s headquarters in Portland, Oregon. Swanson says in a statement: ‘Andrew joins us with deep experience and brings a unique point of view having covered the outdoor indus...

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