Comments on: SEC should focus on access in “notice & access” http://www.irwebreport.com/daily/2009/10/16/sec-should-focus-on-access-in-notice-access/ | Investor Relations Web Best Practices, Trends and News Wed, 03 Mar 2010 03:08:34 +0000 http://wordpress.org/?v=abc hourly 1 By: Peter http://www.irwebreport.com/daily/2009/10/16/sec-should-focus-on-access-in-notice-access/#comment-1093 Peter Mon, 19 Oct 2009 04:37:33 +0000 http://www.irwebreport.com/?p=1285#comment-1093 I agree with Jeremy. N&A is environmentally friendly and good business. A responsible IR dept. will reinvest some of those savings from N&A back into shareholder friendly online tools and products to enable a better experience for their stockholders. At the end of the day good corporate behavior will be rewarded by shareholders. Issuers aren't outsourcing responsibiities to Broadridge--they are looking for creative ways to use Broadridge's scale and know how as a means of working with their limited resources. If the shareholders don't like what they see it is their job to tell the issuers and not wait to be spoon fed. I agree with Jeremy. N&A is environmentally friendly and good business. A responsible IR dept. will reinvest some of those savings from N&A back into shareholder friendly online tools and products to enable a better experience for their stockholders. At the end of the day good corporate behavior will be rewarded by shareholders. Issuers aren’t outsourcing responsibiities to Broadridge–they are looking for creative ways to use Broadridge’s scale and know how as a means of working with their limited resources. If the shareholders don’t like what they see it is their job to tell the issuers and not wait to be spoon fed.

]]> By: Dominic Jones http://www.irwebreport.com/daily/2009/10/16/sec-should-focus-on-access-in-notice-access/#comment-1090 Dominic Jones Fri, 16 Oct 2009 20:42:44 +0000 http://www.irwebreport.com/?p=1285#comment-1090 Jeremy, I've been around long enough to learn that very few companies do things because they want to. They act only when they have to, either because they're forced to by regulation or because the downside of not acting is too painful in some way. The scrapping of the broker vote and proxy access provide strong incentives to some companies to improve their communications, but others require a stick. Jeremy,

I’ve been around long enough to learn that very few companies do things because they want to. They act only when they have to, either because they’re forced to by regulation or because the downside of not acting is too painful in some way.

The scrapping of the broker vote and proxy access provide strong incentives to some companies to improve their communications, but others require a stick.

]]> By: Jeremy http://www.irwebreport.com/daily/2009/10/16/sec-should-focus-on-access-in-notice-access/#comment-1089 Jeremy Fri, 16 Oct 2009 20:08:16 +0000 http://www.irwebreport.com/?p=1285#comment-1089 Dominic: I agree with your perspective that "there needs to be a compelling and meaningful prize waiting for [shareholders] when they do go online." But, I think that companies should be responsible for that, and I question the idea that the SEC should mandate what investors see online. Are you suggesting that they do? Perhaps the SEC could clarify what would be a best practice, but they should be enforcing existing rules, not making new ones to police websites. Responsible companies should take this an opportunity to enhance on their own their shareholders' experience, to show up and be counted" as you say. They needn't wait for anything official. Dominic: I agree with your perspective that “there needs to be a compelling and meaningful prize waiting for [shareholders] when they do go online.” But, I think that companies should be responsible for that, and I question the idea that the SEC should mandate what investors see online. Are you suggesting that they do? Perhaps the SEC could clarify what would be a best practice, but they should be enforcing existing rules, not making new ones to police websites.

Responsible companies should take this an opportunity to enhance on their own their shareholders’ experience, to show up and be counted” as you say. They needn’t wait for anything official.

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