IR Leader
August 01, 2023

Join CIRI for this year's Essentials of IR program, delivered over two days in Vancouver, BC on September 25 & 26. 

Taught by seasoned IROs and subject-matter experts, this multi-day professional development program is designed to develop and expand your IR knowledge and expertise. Plus, you will build connections with IR peers and learn about services that can help you do your job more effectively.

The comprehensive program covers the core responsibilities of the IR function. 

Ready to kickstart your IR career? Register today!

Not yet a CIRI member? Take advantage of the 2023 Essentials/Membership Bundle and save over $900!

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Do you have a list of books and articles that you've been saving to read over the summer? Well don't forget to add IR leader and IR focus to the list! The article titles from the 2023 issues are listed below so you can add them to your summer reading list. (Please note that these are member-only publications. You will need to be logged in to access them.)

IR focus Issue 1, 2023:  How to Make the Most of Your Proxy Circular as a Key Messaging Tool
IR focus Issue 2, 2023:  Earnings Guidance: Best Practices for IROs

IR leader Issue 1, 2023 Articles:

  •      Hijacked by the Headlines: How Canadian IROs Cope with Unexpected Crises
  •      Rising Interest Rates – Financial Reporting Considerations
  •      Key Developments in Corporate Governance and Disclosure Requirements 2023
  •      Capital Considerations: A Financing Primer for IROs
  •      The Fast-Evolving ESG Reporting Landscape

IR leader Issue 2, 2023 Articles:

  •      Generative AI: The Good, The Bad, and Everything In Between
  •      ESG, and the Risks of Misrepresentation
  •      Ontario Securities Commission's Statement of Priorities for 2023-2024
  •      Small-Cap Versus Large-Cap Companies: Is Bigger Necessarily Better?
  •      Biodiversity is Rising to the Top of the Investor Agenda

The next issues of IR focus and IR leader will be published in September and October respectively.

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Top Stories

SEC Adopts Final Rules on Cybersecurity Disclosure

In remarks to the audience at a Financial Times summit earlier this month, Gurbir Grewal, SEC Director of Enforcement, citing a recent poll from Deloitte, observed that over "a third of executives reported that their organization’s accounting and financial data was targeted by cyber adversaries last year." As threats increase, Grewal maintained, cybersecurity is "foundational to maintaining the integrity of not just our securities markets, but our economy as a whole."

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With Regulators and Investors Demanding Action, Companies Need to Get On the Front Foot with Human Rights

The main article asks if companies are prepared to meet new demands to address human rights. Having spent several years assessing companies on their approach to human rights, I believe most companies have – for decades – failed to meet fundamental expectations on respect for human rights, and that these new demands are in part a response to that failure; voluntarism hasn’t yielded sufficient results, and mandatory due diligence and disclosure legislation is booming.

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IFRS Sustainability Disclosure Standards Endorsed by International Securities Regulators

The International Organization of Securities Commissions (IOSCO) has today announced its endorsement of the International Sustainability Standards Board’s (ISSB) Standards following its comprehensive review of the Standards.

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IFRS Foundation Publishes Comparison of IFRS S2 with the TCFD Recommendations

Following the Financial Stability Board’s announcement that the work of the Task force on Climate-related Financial Disclosures (TCFD) has been completed—with the ISSB Standards marking the 'culmination of the work of the TCFD'—the IFRS Foundation has today published a comparison of the requirements in IFRS S2 Climate-related Disclosures and the TCFD recommendations.

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FRC Lab Report: ESG Data Distribution and Consumption

The FRC Lab’s ESG Data production report formed the first phase of this project. In it, we looked at the production of ESG data from the company’s perspective. The second phase of the project examines how investors access and collect ESG data (distribution) and how they use it (consumption). We then identify what companies can do to facilitate this.

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Beyond Disclosures: What is the Direction of Travel for ESG Regulation – and How Could Evolving Regulatory Developments Impact your Business?

When the Task Force on Climate-Related Financial Disclosures (TCFD) launched in 2015, its primary aim was to prevent a potential meltdown in the financial markets. Policymakers were concerned that businesses might not be effectively managing their climate-related risks, which could potentially lead to economic losses and threaten global financial stability. Accordingly, the TCFD’s recommendations promoted better reporting of climate-related financial information.

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ESG the Top Investment Priority for CFOs… and the Most Vulnerable to Near Term Budget Cuts: EY Survey

ESG topped the list of long-term investment priorities for CFOs in a new survey released by global professional services firm EY, while paradoxically also identified as the most likely area to experience near-term budget cuts, as firms look to boost short-term results.

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