2007
You are browsing the archive for 2007.
By IR Web Report on December 20, 2007
THIS XBRL thing has legs. The hype-o-meter is in overdrive and I can’t imagine anything is going to stop it. So it’s now safe for me to tell you the awful, untold truth about what XBRL means to the investor relations profession as we know it today. This truth is so frightening to the average [...]
Posted in Articles | Tagged communications, Investor Relations, NIRI, public relations, strategy, XBRL
By IR Web Report on December 20, 2007
AS A trained cynic, I look for what is not said in public statements more than what is said to get a sense of what the real news is. Case in point, the appointment of Jeff Morgan as the new CEO of the National Investor Relations Institute (NIRI). Here’s an extract from a Q&A prepared [...]
Posted in Articles | Tagged Investor Relations, management, NIRI, SEC, securities, XBRL
By IR Web Report on December 20, 2007
I’VE BEEN using Google’s email news alerts for years and have never bothered to unsubscribe them even though I get the same stuff via RSS. One of my alerts is for articles about corporate governance. It might just be my imagination, but I’m noticing an interesting trend in news articles that include the phrase “corporate [...]
Posted in Articles | Tagged disclosure, finance, rss, SEC
By IR Web Report on December 18, 2007
HEMSCOTT IR, the UK-based investor relations website provider that claims 540 companies as clients, was sold yesterday by parent Ipreo Holdings LLC to U.S.-based investment research provider Morningstar, Inc. (NASDAQ:MORN).But it’s abundantly clear from the deal announcement that Morningstar doesn’t really care about the IR website business it is getting as part of a wider [...]
Posted in Articles | Tagged Investor Relations, nasdaq
By IR Web Report on December 18, 2007
NO SURPRISE last week when Thomson Financial reported on a survey of investor relations officers that found just 18% are actively trying to attract new retail investors.IR Magazine has more on the survey, but it basically says that the U.S. investor relations community considers retail investors irrelevant. Well, there is another side to the story. [...]
Posted in Articles | Tagged Investor Relations, notice-and-access, SEC, securities, stocks
By IR Web Report on December 10, 2007
PERHAPS I shouldn’t be so flippant about XBRL, a technology that almost everyone seems to think is a big deal, but I’m more turned on by the offbeat side of events around the financial tagging language than the serious stuff. Unless you’ve been living under a rock, you probably know that the XBRL U.S. GAAP [...]
Posted in Articles | Tagged blogs, EDGAR, finance, Investor Relations, management, microsoft, news releases, SEC, SEC filings, securities, technology, XBRL, yahoo
By IR Web Report on December 7, 2007
THE Canadian Institute of Chartered Accountants has awarded its Award of Excellence for Electronic Disclosure to oil and gas company Nexen Inc.Runner up in the annual awards for electronic disclosure, which I recently rated as among the most reliable of such awards programs, was past three-in-row winner PotashCorp, the international fertilizer company. (Disclosure: We have [...]
Posted in Articles | Tagged corporate reporting, disclosure, feeds, Investor Relations, IR websites, rss, SEC, strategy, usability, XBRL
By IR Web Report on November 29, 2007
I WASN’T going to write about this because I’m trying to be more positive in my posts. But my arm has been twisted by TheCorporateCounsel.net editor Broc Romanek.In a blog post yesterday, Broc writes about his negative experiences visiting the websites of two companies that are doing e-proxies — Pike Electric and Itex. He sums [...]
Posted in Articles | Tagged e-proxy, management, SEC
By IR Web Report on November 28, 2007
IT doesn’t take a genius to figure out that U.S. boards of directors and corporate executives are in for a rough time this coming proxy season.No one can be sure how the story in the stock market is going to play out, but with a month to go to year-end it looks increasingly like most [...]
Posted in Articles | Tagged communications, finance, management, nasdaq
By IR Web Report on November 21, 2007
THE U.S. Securities and Exchange Commission is expected to vote on rule changes next week that will make it easier for companies and shareholders to use electronic forums, blogs, and other forms of social media for their shareholder meetings.At a meeting on Wednesday November 28, the commission will “consider whether to adopt amendments to the [...]
Posted in Articles | Tagged blogs, e-proxy, Investor Relations, management, SEC, securities, technology
By IR Web Report on November 20, 2007
A RESPONDENT to our recent readership survey is unhappy with me because I refuse to admit that online annual reports are a waste of money.Actually, I’ve never been asked to admit this, but I’m glad they raised the issue because it gives me a chance to explain why we advise our clients to produce full [...]
Posted in Articles | Tagged communications, disclosure, earnings, IR websites, management, SEC, usability
By IR Web Report on November 16, 2007
Updated: Canada law enforcement agency moves against company, which agrees to pull “therapeutic and performance” claims from clothing tags. EARLIER this week, I wrote about how a short-seller had inspired The New York Times to conduct lab tests that found no evidence of seaweed content in clothing sold by Lululemon athletica (NASDAQ:LULU). In the prospectus [...]
Posted in Articles | Tagged law, management, nasdaq, news releases, rss, SEC, technology, yahoo
By IR Web Report on November 15, 2007
WE’VE just wrapped up our webinar with the TheCorporateCounsel.net on how to produce usable online annual reports and proxy statements for the e-proxy era.We had three of the world’s leading online annual report producers together for the event — Patrick Heick from VSA Partners in Chicago, Ryan Lejbak from Zu.com in Saskatoon, and Thomas Rosenmayr [...]
Posted in Articles | Tagged e-proxy, EDGAR, notice-and-access, SEC, usability
By IR Web Report on November 14, 2007
Always read the footnotes to financial statements. A majority of the truth of the company’s health is buried here; the numbers alone rarely tell the full story. That advice comes from the CFA Institute, the international organization that educates the vast majority of portfolio managers and analysts. It is contained in their tip sheet for [...]
Posted in Articles | Tagged Investor Relations, usability
By IR Web Report on November 14, 2007
THE NEW YORK TIMES reports that laboratory tests on clothing sold by Lululemon Athletica (NASDAQ: LULU) have failed to substantiate the company’s claims that they contain a special seaweed fiber. In fact, one test found the fabric was remarkably similar to that of a plain cotton t-shirt.Canada-based Lululemon, which went public in July, makes popular [...]
Posted in Articles | Tagged EDGAR, management, nasdaq, rss, SEC
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