IR Leader
August 30, 2022

Are you new to investor relations and want to get a better understanding of what the role entails? Could you or a team member benefit from IR-focused professional development? Do you support the investor relations team and want to make sure that you are providing them with what they need? Are you in an affiliated role and want a better understanding of the IR function? Are you considering CIRI's IR Certification Program and need the prerequisite?

If so, register today for CIRI's 2022 Essentials of Investor Relations being held on September 8 and 9.

Not a CIRI Member?
Consider the Membership/2022 Essentials of IR Bundle and save over $900. 

Contact Kaitlin Davis for more information on this offer.

Click here to visit the 2022 Essentials of IR website where you can view the program, learn more about speakers and find more information about the CIRI Membership/Essentials of IR bundle.

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During the second quarter, North American equity markets fell precipitously, led by the S&P 500, which entered bear market territory (a decline of 20%). If leading indicators and newspaper columnists are accurate, an economic recession is in the cards in Canada. In the United States, the R-word appears to have already arrived, according to the media, although the U.S. National Bureau of Economic Research notes that to meet the traditional definition of a recession there must be “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” 

However measured, recessions have several implications, including the potential for investors to move away from your company due to so-called risk-off rotation. Technology companies have already seen evidence of this rotation. 

In this issue of IR focus, we speak to IROs who have gone through the downsides of recessions and lived to tell their stories. Our hope is to give all practitioners advice and ideas on what to do when the bottom falls out of the economy (and the capital markets).

CIRI members, check it out!

Not a member? See what you're missing! Click here to learn more about becoming a member.

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Top Stories

U.S.-listed Companies Will Have To Disclose How CEO Pay Stacks Up Against Firm Performance

Wall Street''s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance.

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The Return of the Activist Investor

After staying on the sidelines for much of the pandemic, activist investors are once again campaigning against companies and Boards. Why they’re back, and what to do about them.

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The CBCA Amendments Offer So Many Options… Which To Vote For?

The Canada Business Corporations Act (CBCA) will be amended effective August 31, 2022 (Amendments) to require shareholders of a public company governed by such legislation to vote "for" or "against" directors at annual meetings of shareholders. This is a departure from the "for" and "withhold" options previously offered to CBCA public company shareholders. Subject to certain exceptions, the Amendments also contemplate that each director in an uncontested election (i.e., where the number of director nominees is equal to the number of directors positions to be filled) must receive more "for" votes than "against" votes to be elected.

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An Uneven Playing Field

Lynn Strongin Dodds looks at why independent research providers (IRP) have not gained the foothold expected after MiFID II.

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Battle Over Proxy Advisers Reignites After SEC Unwinds Trump-era Rules

Corporate America's leading business groups are taking the SEC to court after it undid two-year-old rules around proxy advisers.

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Restoring Shareholder Confidence When Your Stock Is Down

Given stock markets’ unprecedented performance during the pandemic years of 2020 and 2021, 2022 should have been even better with recovery from the pandemic and reopening of businesses. But the stock market performance has been exactly the opposite. A few firms losing 60% or more of their value is not an unusual thing - it happens regularly. And it can happen en masse like during the dotcom bust in 2000. What’s unusual about today’s situation is that some of the current orphan stocks - those that have lost more than 90% of their recent stock price peaks - remain market leaders and their products continue to have mass appeal.

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