PETERBOROUGH, N.H., July 30 /PRNewswire/ -- 39% of public company
executives polled by Shareholder Value Magazine believe that current corporate
scandals are typical of more widespread practices that exist in corporate
America. A surprising 16.7% of respondents admit that they personally felt
compelled to explain questionable behavior on behalf of their companies.
"When public company insiders tell us these problems are widespread,
that's a clear wake-up call," says Bill Mahoney, Editor of Shareholder Value
Magazine. "A fundamental shift in the way corporations deal with investors is
The crisis in investor confidence is dramatic: 46.4% of public company
executives say the scandals have "harmed significantly" or "harmed somewhat"
the way investors view their own companies. Still, only 42.6% of executives
say they have taken action to restore or secure investor confidence in their
Top responses of proactive companies include: more frequent investor
communications (47.3%), updating accounting policies (21.2%), implementing new
financial safeguards (19.9%) and modifying investor expectations (16.4%).
Over 43% report a variety of other tactics and strategies. For the survey,
Shareholder Value Magazine polled 337 public company executives. Additional
details can be found at www.IRzone.com.
To discuss the survey results as well as what leading companies are doing
to restore investor confidence in their companies, Shareholder Value will host
an interactive telephone conference call on Aug. 13 at 2 pm.
"Crisis in Investor Confidence: Best Practices for Investor Relations"
Format: Telephone Conference Call
When: Tuesday, Aug. 13, 2:00 - 3:30 pm
Host: Bill Mahoney, Executive Editor, Shareholder Value
Faculty: -- Donald Eagon Jr., VP Global Communications and
Investor Relations, Diebold Corporation
-- Michael Seely, President, Investor Access
Corporation and General Partner, Global
-- Margo Happer, Director, Investor Relations IDX
Registration: www.IRzone.com or 800.531.0007
"Those companies that implement best practices now have a chance to
distance themselves from the pack," adds Mahoney. "Conducting business as
usual is simply a recipe for disaster."
About Kennedy Information
Kennedy Information is the leading publishing and research firm covering
professional markets including investor relations, management consulting and
recruiting. The firm publishes Shareholder Value Magazine, the comprehensive
Investor Relations Guide and Investor Relations Newsletter, published
continuously since 1964. The company supports the IR community through the
Web portal, www.IRzone.com.
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