At Bank of America, shareholder engagement is well established and supported across the executive and non-executive teams. For many governance teams, engagement is now a year-round activity, and it therefore helps to have such a broad team involved, including the company’s vice chair, chief human resources officer, global general counsel, head of investor relations, global ESG executive and corporate secretary.
In addition, the company benefits from robust partici...
Corporate access Archive
JPMorgan Chase was the most-used broker for in-person roadshows, reveals the 11th annual Global Roadshow Report from IR Magazine. For the first time, however, IR Magazine also looked at virtual roadshows, with companies having been forced to shift their corporate access online as Covid-19 put the brakes on global travel – leading ...
The virtual IR environment is helping Chinese companies save travel costs, target new investors and conduct listing roadshows more efficiently, according to speakers at the IR Magazine Forum – Greater China 2020. But building personal connections and garnering investor feedback is more difficult, with virtual group meetings in particular lacking engagement.
Shirley Kwok, head of investor relations at ENN Energy, said the switch to virtual outreach had led to 30 ...
As off-season shareholder engagement continues to rise, buy-side corporate access teams are stepping in to assist with the meetings – either formally or informally.
For most issuers, there has been a sharp increase in investor meetings this year as the ease of virtual conferencing has played a part. This engagement has carried through to the off-season, when governance professionals and board directors tend to meet with the stewardship and responsible investment t...
Luke Ahern, Investec
At this point in 2020, even the most luddite among us has more or less mastered the Zoom meeting. But what’s it like to take a conference that hundreds...
IR Magazine reports on the who, where, how and why of corporate roadshow activity, based on a survey of 451 IR professionals.
For the first time our report looks at the practices and preferences for virtual roadshows. The report still looks at roadshow destinations and travel for in-person roadshows, but for other aspects of roadshow activity – roadshow frequency, broker use, management attendance – this report examines both in-person and virtual roadsh...
– Stanhope Capital and FWM Holdings agreed to merge in a transaction that will create ‘one of the world’s largest independent wealth management groups,’ reported the Financial Times (paywall). The combined firm will manage $24.2 bn. Consolidation in the industry is being driven by low interest rests and climbing regulatory costs.
– The Asset Management Taskforce, a UK go...
For some companies, this was the year ‘virtual’ really appeared on the radar, pushed into the future as Covid-19 swept the world. Other companies – such as London-headquartered utility giant National Grid – were already on the virtual path, having taken steps to go direct with almost all investor contact as well as doing a number ...
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During the last several years, off-season engagement has increased significantly. It used to be that investors and issuers would discuss governance issues during proxy season, and those conversations related to items on the ballot. But as large institutional investors have continued to expand their investment stewardship teams, it has created a demand for greater engagement on ESG issues outside of proxy season.
The Covid-19 pande...
While the switch to virtual IR during the Covid-19 pandemic has brought a number of benefits, investor field trips are an option hard to reproduce, and may be one of the first events brought back when in-person gatherings are possible again, according to panelists at the IR Magazine Forum – Canada 2020.
In a session on investor targeting, panelists from IR teams and the buy side discussed how the pandemic has brought benefits and drawbacks to investor outreach. ...