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NIRI Launches New Webcast Series

I am very pleased and excited to announce the launch of NIRI’s new video webcast series, IR Today. Our first webcast can be seen on the NIRI website and new programs will be released several times during the year. This series is produced with the generous support and assistance of Corporate Board Member, who will be a knowledge partner for our broadcasts. TK Kerstetter, President of Corporate Board Member and host of This Week in the Boardroom, joins Derek Cole, NIRI's Chair and VP of IR and Corporate Communications for ARCA biopharma, in our first broadcast to discuss the state of the IR profession. NIRI is a contributing partner of This Week in the Boardroom. NIRI videos are also available on the the NIRI YouTube Channel.

IR Today will feature IR professionals discussing issues critical to the profession and NIRI-related topics. Our programs will appeal not only to IR professionals and financial communicators, but will also be made available to corporate boards via our partnership with Corporate Board Member. This is a great opportunity to leverage video in serving NIRI members (as outlined in our OneNIRI strategic plan), and to highlight the importance of IR to corporate boards and the C-Suite.

Now on to a few other things that crossed my desk last week:

$600 million in Pre-IPO Facebook Trades. Facebook has been trading hundreds of thousands of shares per month on private exchanges according to this article. Congress is considering enabling companies to stay private longer by expanding the number of shareholders a company can have before requiring an IPO. Will this create more publicly-traded companies as access to capital may be easier for young companies? Might it also mean IR could have a stronger presence in private companies due to more shareholders and the need for greater transparency? Speaking of IPOs. The "Reopening American Capital Markets to Emerging Growth Companies Act of 2011" (HR 3606) took one step closer toward a full vote of the House this past week as it passed committee markup. HR 3606 is aimed at lowering the cost of becoming a publicly-traded company by exempting IPO companies with under $1 billion in annual revenue and less than $700 million in market capitalization from some SOX reporting for up to five years. The legislation would also eliminate certain communications expectations for some IPOs. A similar bill is in the Senate and the White House indicates it supports this change to encourage new IPOs. What's not to like, except that it would be nice to raise some of the same thresholds for existing publicly-traded companies too! REG FD Redefined? It makes you wonder how David Rosenfeld defines Reg FD after you read this article. However, note that SEC spokesperson Nester indicates that Rosenfeld was taken out of context. At this point these isolated comments have not seen any support from others at the SEC, but we will continue to listen as this would have a huge impact on the IR profession. Until next week,

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

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