WINTER 2023 | CONTENTS
President and CEO Matthew Brusch, CAE
Director of Communications and Editor-in-Chief Al Rickard, CAE
arickard@niri.org
Art Direction THOR Design Studio
www.thor.design
Letters to the Editor IR Update welcomes letters to the editor. Please send feedback to
arickard@niri.org.
About NIRI Founded in 1969, NIRI is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts, and other financial community constituents. NIRI is the largest professional investor relations association in the world with members representing over 1,500 publicly held companies and $12 trillion in stock market capitalization.
About IR Update IR Update is published by NIRI: The Association for Investor Relations, as a service to its members.
ISSN 1098-5220
© 2023 by the NIRI: The Association for Investor Relations. All rights reserved.
For change of address, contact: NIRI–IR Update Phone: (703) 562-7700
memberservices@niri.org www.niri.org
The 2023 NIRI Annual Conference is in Chicago June 6-8. Learn more on page 18.
12 IR STRATEGY The Growing Strategic Role
of Investor Relations In the wake of the pandemic, market upheavals, SEC regulatory actions, increasing activism, inflation and more, investor relations is emerging as a strategic resource to help companies deal with emerging market trends. BY AL RICKARD, CAE
18 NIRI CONFERENCE
NIRI2023: Chicago Awaits Big plans are underway for the 2023 NIRI Annual
Conference, June 6-8, 2023 in the windy city. BY AL RICKARD, CAE
24 ADVOCACY OUTLOOK What’s Coming in 2023: NIRI Advocacy
Priorities for the New Year Six legislative and regulatory issues highlight a busy agenda, and more may emerge as the year unfolds. BY NIELS HOLCH
28 TECH TOOLS Leveraging Technology to 32 ANNUAL MEETINGS A Preview of 2023 Annual
Meeting Proxy Issues New SEC rules, increasing shareholder activism, changes in Delaware corporate law, and other factors are shaping trends for the upcoming proxy season. BY SEAN M. DONAHUE AND JAMES H. HAMMONS, JR.
ni ri .org/ irupdate
Enhance Investor Relations An experienced IRO talks about how technology resources can support investor relations and increase efficiency. BY REBECCA KOAR
DEPARTMENTS
2 AT THE BELL Is 2023 the Year of Transparency? BY KATIE ROYCE, CFA
4 NIRI NOW
• NIRI Reintroduces Printed IR Update
• Katie Royce, CFA, Begins Term as NIRI Chair; John Moten, IRC, Named NIRI Chair-Elect
• NIRI Elects Four New Board Members
• Elizabeth Allen, CFA, Named Chair of the SRT Steering Committee; Daniel Briggs is Vice Chair
•
Esterkin, Peisner and Noutsios Win DeWitt C. Morrill IR Update Editorial Excellence Awards
• NIRI Announces New Strategic Plan
• On the Move
• NIRI Recognizes New Investor Relations Charter (IRC)© Holders
•
In Memoriam: Jeff Smith, CFA, IRC
• NIRI Designates Irwin, Stockperks, Q4 and S&P Global Market Intelligence as Approved PDU Providers
• NIRI Releases Revised Policy Statement on ESG Disclosure
10 SENIOR ROUNDTABLE PROFILE
• Michael Steele, CFA, IRC IR UPDAT E ■ WI N T E R 2 0 2 3 1
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