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Elections, Acquisitions and Regulations

With Congress returning to Washington next week, the Iowa caucuses remind us that 2012 will witness elections for the U.S. presidency, 33 Senate seats and the entire House of Representatives. It is unlikely we will forget this as we endure the more than 10 month process. However, regulators are already busy at work. For the SEC, Dodd-Frank is still a huge agenda item as the agency updated the implementation timeline for the next year.

I kick off my 2012 chapter visits tonight at the NIRI Los Angeles chapter and will speak on how all of this will impact IR, as well as our OneNIRI vision for the next few years. I look forward to seeing many in L.A.

A few other things that crossed my desk this past week included:
M&A in 2012 – You Bet! Ernst & Young released survey results indicating 36% of U.S. companies are ready to pursue an acquisition in 2012. Prolonged Regulatory Process. The SEC continues to work to limit the potential for another “flash crash” similar to what occurred in May 2010. The agency recently announced it would seek additional comments on proposed rules related to market wide circuit breakers designed to limit a flash crash style market swing. We should expect a new rule to be approved later this year. Congress as Investors. There has been some progress on tightening rules prohibiting stock investments by congressional lawmakers when they posses nonpublic information gained through their legislative work. This recent article analyzes public financial disclosures of Congress and sheds light on the investing prowess of lawmakers. To wrap up, I was delighted to recently appear on a NYSE Euronext panel with Society of Corporate Secretaries and Governance Professionals CEO Ken Bertsch to discuss how IROs and governance professionals can help their C-suites and boards succeed in what will likely be a very challenging year. And finally, NIRI has recently posted a new Alexandria, VA-based staff position in the Job Seekers area of the NIRI Career Center – Director of Practice Resources. This new NIRI staffer will assist in developing NIRI’s Standards of Practice among other responsibilities. Please contact Matt Brusch for more information.

Until next week,

Jeff Morgan, FASAE, CAE
President & CEO
jmorgan@niri.org
www.twitter.com/jeffreydmorgan

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