Women's Forum: IR and Reg FD Highlights.FEl's Senior Vice President for Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , Grace Hinchman, welcomed more than 40 attendees to the Women's Forum luncheon at the FEI FEI Fédération Équestre Internationale. Summit. Participants included several women from FEI's executive level: Tracey Ball, Past Chair of FEI Canada; Dianne McDaniel, Phoenix Chapter incoming president; Alexis Dow, Portland Chapter, former member of FEI's Executive Committee; and Mary Jo Green, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Chapter, member of FEI's Executive Committee and incoming member of the Office of the Chair. Amelia Thornton, chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive of the event's sponsor, Hyperion Software, introduced the featured speaker, Nancy Humphries, vice president/investor relations for BellSouth Corp. Humphries discussed the increasing importance of investor relations Investor relations The process by which the corporation communicates with its investors. (IR), driven by growing needs of individual investors, the international community and requirements of Regulation Fair Disclosure The U.S. Securities and Exchange Commission's (SEC's) Regulation Fair Disclosure, also commonly referred to as Regulation FD or Reg FD was an SEC ruling implemented in October 2000 ([1]). (Reg FD). The IR role, previously a stepping-stone to higher-level corporate positions, has gained importance due to the business media's insatiable need for news and thus provides an opportunity to create value for an organization, she said. As the point person for the past 10 years for BellSouth's one million-plus shareholders, Humphries offered three observations: 1) surprising Wall Street is a no-no; 2) sustained earnings growth drives stock prices; and 3) IR is really show biz biz n. Informal Business. biz Noun Informal business Noun 1. -- it's putting on a good face. Humphries noted that U.S. equity ownership at an all-time high -- with 50 percent of the public owning stocks -- which is driving demand for information on financial and nonfinancial measures, with 65 percent of institutional decision-making based on nonfinancial measures. "Reg FD is here to stay," said Humphries, urging the audience to learn how to manage the process. She said BellSouth is now reporting via Webcast conference calls and press releases. "We have to be careful what we say," she said, and described some changes the company has instituted for dealing with analysts and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . She distributed a list of "Ten Tips to Help Disclosure" from Investor Relations Quarterly Volume 4, Number 1. Among the tips: Develop a written disclosure policy that encompasses company practices; limit the number of authorized spokespersons; and conduct pre-briefings with company officials prior to analyst/investor meetings and script presentations. Future Women's Forum meetings are in the planning stages. For information contact Marybeth Brennan at mbrennan@fei.org, or check FEI's Web site at www.fei.org. |
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