IR Leader
December 06, 2022

The Value of CIRI Membership: A Supportive and Engaged Community

Each year, CIRI members rely on their increasingly valued membership for professional development; resources; networking opportunities; and advocacy. Through these efforts, a CIRI membership has greater value today than ever before.

On the professional development front, we offered virtual and in-person events to keep CIRI members informed of changes, best practices and emerging trends in IR and related areas. At the same time, we provided opportunities for CIRI members to network and interact with one another in a variety of meaningful, constructive and fun ways and we expanded, updated and refreshed our pool of valuable IR resources on topics of most relevance to you. As always, CIRI continued to be the voice of IR as we advocated on your behalf on several regulatory issues. These initiatives will continue into 2023.

CIRI members, your membership expires at the end of this month. If you have renewed your membership, thank you. If you haven't yet renewed, please visit CIRI.org and click on the 'Renew Now' button. While you are there, please take a moment to update your profile.

Not a member? See what you’re missing. Join CIRI today and access the resources and professional development you need to practice IR at the highest level.

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The Survey Says: IR Compensation Is Increasing. Is Yours?

According to CIRI's just released 2022 IR Compensation and Responsibilities Reports, over half of
IROs are contributing to the company’s strategic plan and almost three-quarters are executing the IR elements of the company’s strategy. In addition, over three-quarters of IROs counsel executives and Boards on IR matters and over one-quarter develop the company’s ESG/sustainability strategy. With these expanded responsibilities come enhanced compensation with over half (59%) of IROs earning at least $225,000 in total cash compensation, including 28% who earn more than $300,000.

How does your compensation compare to your peers in similar IR roles?

To obtain your copy of CIRI's 2022 Investor Relations Compensation and Responsibilities Report: Part 1 - Responsibilities and Part 2 - Compensation, click here. (Members, remember to log in to take advantage of member pricing).

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Top Stories

Global Standard for Biodiversity Impacts One Step Closer

A proposed reporting standard that seeks to unlock accountability for the impacts organizations have on the natural world, informing the global response to a deepening biodiversity crisis, has been made available. A public comment period for the exposure draft of the revised GRI Biodiversity Standard is underway, with feedback sought so that the final standard delivers the global best practice for transparency on biodiversity impacts.

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When Can a Company Refuse a Shareholder Proposal?

This Update outlines the rules for shareholder proposals under the Canada Business Corporations Act (the CBCA), including the circumstances when a company may refuse a proposal.

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SEC Adopts Pay-for-performance Disclosure Rules

The U.S. Securities and Exchange Commission (SEC) recently adopted new rules that will require many U.S. reporting companies to disclose in a clear manner the relationship between executive compensation actually paid and the company's financial performance. However, the rules generally will not apply to Canadian companies that report under the Multijurisdictional Disclosure System (MJDS), foreign private issuers, registered investment companies and emerging growth companies. Smaller reporting companies are subject to scaled back disclosure requirements.

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CIRI Announces the Certified Professional in Investor Relations (CPIR) Designation Holders

The Canadian Investor Relations Institute (CIRI) congratulates the latest Certified Professional in Investor Relations (CPIR) designation holders. As the first investor relations certification in North America, the CPIR designation allows investor relations professionals to demonstrate their commitment to lifelong learning and excellence in investor relations. This not only enhances the credibility of the individual achieving the CPIR, but also the credibility of the investor relations profession and our capital markets.

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What COP27 Means for Companies and Investors

Investors, companies and other capital-markets participants will play a critical role in achieving the goals of the agreement reached at COP27, which calls for transforming the financial system (opens in a new tab) to deliver the estimated USD 4 to 6 trillion annually that will be needed this decade and beyond for sustainably produced energy and the transition to a low-carbon economy. The agreement establishes a fund through which wealthy countries would compensate vulnerable developing countries for loss and damage caused by global warming, a historic step that charges the fund with identifying innovative sources of funding.

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It’s Time to Focus on the “G” in ESG

For all the debate surrounding the use of ESG for investing, virtually no attention has been paid to a core tension in the ESG policies of major investors and rating agencies — the discordance of the "G" from the "E" and "S". At shareholder meetings, major investors have promoted stockholder primacy by making companies more open to the market for corporate control, by forcing changes in policy at the instance of a momentary stockholder majority, and by aligning company management’s pay to only one constituency — stockholders — by tying it tightly to total stock return. These are not the fundamentals of long-term "sustainable” management. Investors must address this discordance by amending their activities at shareholder annual meetings.

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The Role of Shareholder Engagement in Executive Compensation

Executive compensation is one of the most visible aspects of a publicly listed company’s corporate governance program and needs to be competitive to attract and retain executives. From a shareholder perspective, best practice is to align with financial performance and how well an executive delivers on the company’s strategic objectives.

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Big Shifts, Small Steps

Survey of sustainability reporting 2022.

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