NIRI Publishes Seventh Edition of Standards of Practice for Investor Relations – Disclosure


NIRI completed a comprehensive update of its landmark publica- tion, Standards of Practice for Investor Relations – Disclosure.Te new seventh edition is designed to educate investor relations (IR) professionals on legal requirements and best practices in disclo- sure of information to stakeholders. NIRI began setting standards for the investor relations profes- sion in 1996 with the Standards and Guidance for Disclosure, and


has updated it periodically over the years, culminating with this seventh edition. Today, thousands of investor relations professionals and other corporate executives


use this reference for guidance on disclosure and interaction with analysts and inves- tors. It is also a popular reference for securities lawyers. NIRI appointed the 2023 NIRI Working Group on Disclosure to provide strategic guidance and review of this publication and it has been approved by the NIRI Board of Directors, which recommends that U.S. public companies review and adopt these disclosure recommendations. “Disclosure is a core competency in the practice of investor relations, and IR profes-


sionals have often been referred to as ‘chief disclosure officers,’” said NIRI President and CEO Matthew D. Brusch, CAE. “Tey must have a working knowledge of disclosure concepts, securities regulations, and court decisions that shape what information is disclosed, when, how, and to whom. Tis publication provides that knowledge and should be an essential part of every investor relations officer’s toolkit.” A digital version of Standards of Practice for Investor Relations – Disclosure (Seventh Edition) is available as a benefit of membership to NIRI members, and for purchase by nonmembers for $95 at www.niri.org/resources/publications/standards-of-practice- for-investor-relations. IR


Members of the Working Group on Disclosure included:


Michael Becker, EVP, Strategic Partnerships & Initiatives, Business Wire


Julie Dewey, IRC, Chief Communications and Investor Relations Officer, Treace Medical Concepts


David Erickson, Vice President, Investor Relations, Evolus, Inc.


Sam Levenson, Chief Executive Officer, Arbor Advisory Group


Carol Merry, Senior Vice President, Fahlgren Mortine


Maureen Wolff, CEO, Sharon Merrill Advisors


Tabitha Zane, IRC, Vice President, Investor Relations, TopBuild Corp.


Many prominent lawyers and investor relations advisors authored the publication. Tey include:


Folake K. Ayoola, Goodwin


Brian V. Breheny, Skadden, Arps, Slate, Meagher & Flom LLP Stephen Cooke, Paul Hastings LLP


Sally Curley, IRC, Curley Global IR, LLC Ben Dale, Perkins Coie LLP Sean M. Donahue,Goodwin


Brent Fassett, Wilson Sonsini Goodrich & Rosati P.C.


Caroline S. Kim, Skadden, Arps, Slate, Meagher & Flom LLP


Lawrence Levin, Katten Muchin Rosenman LLP


Elizabeth McNichol, Katten Muchin Rosenman LLP


Andrew Moore, Perkins Coie LLP


Mark Reyes, Katten Muchin Rosenman LLP


Jonathan E. Richman, Proskauer Rose LLP


Merritt Steele, Wilson Sonsini Goodrich & Rosati P.C. Frank Zarb, Proskauer Rose LLP


Michael L. Zuppone, Paul Hastings LLP


On the Move


Elsa Ballard joined World Fuel Services as Vice Presi- dent, Investor Relations. She also leads communica-


tions. Previously, Ballard was Head of Investor Relations & Corporate Sustainability at Galaxy, where she ran Galaxy’s investor relations and sustainability programs. Prior to Galaxy, she was Vice President of Investor Relations at Broadridge.


Anton Hie joined Community Health Services as Vice Presi- dent of Investor


Relations. He has more than 20 years of experience in the healthcare investment field and was previously Vice President of Investor Relations at AdaptHealth Corp., where he established the internal investor relations department. Before transitioning into investor relations, he spent most of his career in equity research, including 12 years with RBC Capital Markets. IR


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