Investor Relations in the 21st Century

... Or fencing on a tightrope in the eye of the storm...

After two plus decades on the firing line in Investor Relations I have as many questions now as I did when I started – just different questions. Traders outnumber investors; markets are increasingly fragmented and opaque; technology outpaces regulation, All these trends are transforming the IR landscape today and into the future. RiskRewardNews is where I intend to search for insight and answers. Join me in conversation with market participants, CEOs, CFOs, IROs, academics, regulators, and informed observers as the financial market of the 21st Century takes shape.

Tuesday, October 27, 2009

Black Swans, Leadership Failures, Culture Clashes: A Conversation with Bill George -- Part II

RiskRewardNews recently sat down with Bill George, former Medtronic CEO, current Exxon and Goldman Sachs board member, best-selling author on leadership and a teacher at the Harvard Business School. In Part II of our interview Bill opines about risks we overlooked, failures of leadership, lessons not learned and the culture clash within business schools. Here is a sample of what he had to say:

"We’ve lost sight of the fact that it still takes just as long as it ever did to create a new microprocessor, a new car, a new drug, a new medical device."

"...either an incredible series of three Black Swans coming in simultaneously... or alternatively, the models are wrong."

"You should not let the process be dominated by people who think they're smarter than everyone else."

"There is a split or dichotomy in almost every business school between the finance faculties and the people (teaching business ethics)."

To read the entire interview, click on the link below. Part I of the interview is also available on this site.

Tuesday, October 13, 2009

Allen's Theory of Value Presentation

I spoke before a joint meeting of the Columbus, Ohio Chapter of National Investor Relations Institute (NIRI) and the Financial Executives Institute (FEI) making the business case for business ethics.


Attached is a copy of the slides with transcript notes.  Key points inlcude:

Friday, October 9, 2009

What the ‘tweet’ do we know?

IR in the Age of Social Media: Best Practice Tips for the IRO
by Brad Allen published on IR Magazine's website

‘The risk posed by social media for your company ... exists whether you participate or not,’ observed Darrell Heaps, CEO of Q4 Web Systems, an IR website and communications firm out of Toronto. ‘If you’ve ignored social media and said there are too many risks, we‘re not going to get involved, then you are putting your company at higher risk ... than if you know how to use the tools. The market doesn't care whether or not you’re there. They’re going to use the channels that are most readily available to them to put their message out.’

Read more here.

Thursday, October 8, 2009

Uncertain or Under Fire? Ask the Experts

I participated in a webcast sponsored by the NIRI Chicago and Virtual Chapters titled: Uncertain or Under Fire? Ask the Experts

Participants were:

  • Moderator: Lisa Ciota, director of investor relations, McDonald’s Corp.
  • Brad Allen, founder, editor & publisher, Risk/RewardNews.com; chair, NIRI Ethics Council
  • Sally Curley, senior vice president of investor relations, Cardinal Health
  • Bradley Wilks, managing director and Chicago office CEO, Sard Verbinnen; 2010 chairman of the NIRI national board of directors
We got great questions from the audience. Topics covered included: 
earnings pre-announcements, spin-offs, social media, corporate politics, conflicts with outside advisors, health issues with a CEO, gaining managment support for IR, the media impact on IR programs, and IR's role in strategic intelligence.

Link  here for the transcript or to listen in.

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