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Tuesday, June 14, 2011    |   2:00 pm-3:15 pm
Why Now?
IROs are perennially faced with challenges around financial guidance should the company guide and if so how, how do to balance the risks related to guidance with investor demands for disclosure, when to update guidance. And, following a period when many companies opted to limit (or end) guidance, there are many companies considering how to guide going forward (resume guidance? Transition guidance frameworks, etc). Best practices and pro's and con's of guidance will be reviewed by experienced IROs with varying opinions on this crucial IR matter.
Session Material
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The Perennial Question: To Guide, or Not to Guide?*
Tue - Jun, 14 | 2:00 pm - 3:15 pm
Location: Palazzo ABC (Lobby Level - JW)
Category: IR Marketing/Outreach | Secondary Category: Investment Process

A perennial topic that IROs are challenged with is guidance and all that comes with it: issues such as to guide or not, what level of disclosure, and when to update. Investor Relations professionals are faced with the task of striking a balance between providing investors with the information they crave while recognizing the lack of perfect information as it relates to their own business and the macro environment together with the liability that comes with forwarding looking disclosure.

On this panel, we will focus on the pros and cons of guidance, utilizing case studies of companies that have historically guided, adapted their guidance over time and are opposed to guidance. In addition, we will discuss the aspects of resuming (or modifying) guidance post-recession.

Moderator/Lead Speaker:
Barry Hytinen, Investor Relations Officer & Senior Vice President, Financial Planning & Analysis and Competitive Analysis
Tempur-Pedic International

Panelist(s)/Co-Speaker(s):
Darren Daugherty, Director, Investor Relations
Loews Corporation

Greg Miller, Ph.D., Associate Professor
Ross School of Business, University of Michigan

Michelle Levine Schwartz, Senior Director, Investor Relations
JDSU
    Learning Objectives:
  • IROs will review their best practices around guidance – whether they guide or not and how they manage the disclosure process around guidance
  • Point / Counter-point reviews of whether to guide and is it worth it to do so
  • And, as the macro environment improves, whether to resume (or modify) guidance
 
 
* Draft description as of 7/21 2:06 pm, subject to change
 

Actionable Takeaway Documents
  • Media Dos and Don'ts – tips for outreach, preparation and interviews ("Rules of the Road")
  • List of influential financial media – traditional and bloggers

Why Now?
Buy-side investors still rely on the media as a critical source of information, but they now have other sources of information to choose from. Media relations is a key component of an investor relations program that ensure the right messages are getting out to potential investors.
Session Material
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Successful Strategies for Working With the Financial Media to Tell Your Investment Story*
Tue - Jun, 14 | 2:00 pm - 3:15 pm
Location: Palazzo D (Lobby Level - JW)
Category: Communications | Secondary Category: IR Marketing/Outreach

The financial media plays an important role in delivering information about companies. The evolution of the landscape has changed how the news is gathered and reported. For microcap companies with little sell side following, financial media in all of its forms can be one of the most important ways to increase visibility and interest. Though the session will focus on the US financial media, tips discussed will be applicable internationally.

In this session, we will:

  • Discuss how best to work with all forms of financial media
  • Provide insight into how to reach and engage influential news organizations
  • Share tips on working successfully with the media
Moderator/Lead Speaker:
Carol Merry, Vice President & Director, Investor Relations
Fahlgren Mortine Investor Relations

Panelist(s)/Co-Speaker(s):
Jerry Hart, Miami Bureau Chief
Bloomberg News

Ned Popkins, Business Editor
Orlando Sentinel

Susan Stillings, Principal
Stillings Communications
    Learning Objectives:
  • Explain how changes in the media have altered the way news is gathered and reported
  • Learn how to make sure your messages reach influential news providers and organizations (including financial bloggers)
  • Provide tips on working with reporters, assignment editors, bloggers, etc.
  • How to cultivate relationships and trust
 
 
* Draft description as of 6/21 10:37 pm, subject to change
 

Actionable Takeaway Documents
  • Samples and templates of transition roadmaps and communications plans

Why Now?
Capital flows will have fewer borders as companies reporting in IFRS or US GAAP will be more comparable and investors of essentially all developed nations will speak the "same" financial statement language. The standards are expected to become final during 2011 with implementation in the following years. Corporations at every level will have to understand the costs of transitioning to IFRS. The convergence will affect various industries differently. Learn how to effectively transition your company so that you can be ready.
Session Material
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Overcoming the Challenge of Migrating to IFRS: Lessons Learned from the Street*
Tue - Jun, 14 | 2:00 pm - 3:15 pm
Location: Palazzo E (Lobby Level - JW)
Category: Global IR | Secondary Category: Regulations and Governance

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are working toward a G-20 goal of using a single set of improved, high-quality, global, converged accounting standards developed through rigorous due process. The first international harmonization accounting rules were issued in 1973. The beginning of the IFRS adhesion took place in 2002, when the European Community decided that more than 7,000 companies should adopt the rules in the consolidated financial statements from 2005 on. In the same period, other countries also migrated to IFRS, including Australia, Hong Kong, and South Africa. Brazil, South Korea, India and Canada are also IFRS compliant now.

A number of these standards are expected to become final during 2011 for implementation by U.S. GAAP and IFRS preparers may do so from 2015 on.

Moderator/Lead Speaker:
Doris Wilhelm, Investor Relations Officer
Paranapanema

Panelist(s)/Co-Speaker(s):
Andrea da Silva Santos, Accountant & Business Consultant
Petroleo Brasileiro SA Petrobras

Donald J Gannon, Partner
Deloitte

Rachelle Girard, CMA, Manager, Investor Relations
Cameco (Canada)

Patrick Legland, Head of Global Research
Société Générale
    Learning Objectives:
  • Understand how these changes may affect your company as preparers of financial statements, and your investors, as users of financial statements
  • Understand how to leverage the transition from IFRS to elevate your position within your company and the situation in case of more than one stock exchange listing (different regulation and accounting principles) – foreign private issuers
  • Learn lessons from a European sell side analyst as well as from Brazilian and Canadian IROs
 
 
* Draft description as of 7/21 2:08 pm, subject to change
 

Why Now?
The primary goal of this session is to aid investor relations professionals to develop timely, actionable insight based on comprehensive information from the investment community professionals that ultimately make the buy/sell decision. Public companies will then have the most up-to-date research findings needed to keep pace with today's dynamic environment for effective communications and maximum shareholder value. Presentation material to include pertinent findings from the current research study and identify trends compared with the two previous studies.
Session Material
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log-in required
How the Buy Side Makes Investment Decisions*
Tue - Jun, 14 | 2:00 pm - 3:15 pm
Location: Palazzo FGH (Lobby Level - JW)
Category: Investment Process | Secondary Category: Communications

This session is designed to look at how institutional investors make their investment decisions and what the buy side views as investor relations best practices.

Rivel Research Group is drawing on a series of studies conducted since 2001 that highlight how the investment community makes decisions. Current findings presented are based on a representative sample of US and European investors. These studies focus heavily on the issues that trigger buy side decision-making at three separate and distinct phases of an investment professional's involvement with a common stock. Key takeaways will include how to best deliver your company's strategy and how to effectively measure the investor relations function. Attendees will also develop a firm grasp of how conventional thinking about capital deployment strategies has changed over time.

Institutional Investor Magazine announced its All-America Executive Team – Leadership and Investor Relations Awards in January 2011. Attendees will understand the criteria used for selecting award recipients for investor relations officers, c-level executives, and company investor relations programs, and what this all means in the investment process.

Finally, attendees will get an individual's point of view. How does one investor relations officer present its corporate strategy and key metrics that captivates the buy-side? What does one buy-side analyst look for in a company's key messaging and related data points that facilitates the investment decision making.

Moderator/Lead Speaker:
Steven Eschbach, Vice President, Investor Relations
Integrys Energy Group, Inc.

Panelist(s)/Co-Speaker(s):
Michele Bickford, Director, Global Investor Relations Products
Institutional Investor Research Group

Roger Groh, Chairman
Groh Asset Management

Brian P Rivel, President
Rivel Research Group

Jeffrey Smith, Staff Director, Investor Relations
FedEx Corporation
    Learning Objectives:
  • Determine when a stock first comes to the attention as a potential investment (making the radar screen)
  • Determine when an analyst or investor is actively considering recommending or purchasing a stock (prompting the buy decision or recommendation)
  • When a fund manager owns a stock or analyst issues a recommendation, what information is needed to monitor its performance (staying in the portfolio)
  • What the buy side sees as investor relations best practices that enhances the investment process
 
 
* Draft description as of 6/27 3:24 pm, subject to change
 

Why Now?
Dodd-Frank and resultant SEC rule-making are providing institutional investors with more tools to effectively oversee and influence the governance, compensation and disclosures of their portfolio companies. In light of recent changes in SEC rules and proxy advisor policies, now is the time to understand the potential impact of company practices focused on by proxy advisors and institutional investors, and what you can do to be prepared and whether any changes are advisable to management. Putting your company on solid ground from an outreach, disclosure and policy standpoint may be as important as ever in response to recent changes and increasing calls for transparency.. Opening lines of communication with investors to identify their concerns and informational needs, and thus reduce the likelihood of negative proxy voting results provide companies more flexibility and helps avoid negative publicity and reputational damage. This environment presents IRO's with a great opportunity to utilize both their investor engagement and messaging skills to improve relationships with major investors/voters, and to improve the quality and clarity of their companies' proxy and related disclosures.
Session Material
Conference registrant access,
log-in required
Say-on-Pay - Getting a Seat at the Governance Table*
Tue - Jun, 14 | 2:00 pm - 3:15 pm
Location: Ritz Ballroom 1-3 (Lobby Level - Ritz)
Category: Regulations and Governance | Secondary Category: Communications

Say-on-Pay is one of the most pressing new governance issues facing IROs. Regulatory requirements are creating proxy statements that are longer, and read less frequently. Many institutional investors rely on external proxy advisors to summarize and opine on company proxies, and retail investors simply are not voting.

Although no company has complete control over the outcome of Say-on-Pay, the IRO can improve their value to the management team by having a thorough, proactive plan and point of view.

Along with Say-on-Pay, there have been initial calls for a "Fifth Analyst Call" by certain influential institutional investors, asking for a discussion of governance and compensation topics for a select few.

This environment presents IROs with a great opportunity to utilize both their investor engagement skills to improve relationships with major investors/voters as well as their messaging skills to improve the quality and clarity of their company's proxy disclosure documents and coordination with legal and HR peers.

This panel will share experiences and cover recommendations with respect to proactive pre-proxy engagement, resultant improvements to messaging, the impact they feel this has on investor support for company management teams, boards, and compensation programs (including Say-on-Pay proposals), and any heightened visibility and appreciation IROs gained within their companies as a result.

Moderator/Lead Speaker:
Ron Schneider, Senior Vice President
Phoenix Advisory Partners

Panelist(s)/Co-Speaker(s):
Kenneth A. Bertsch, President & Chief Executive Officer
Society of Corporate Secretaries & Governance Professionals

Stephen Brown, Director, Corporate Governance & Associate General Counsel
Teachers Insurance and Annuity Association of American College Retirement Equities Fund

Christiane Pelz, Vice President, Investor Relations
Safeway Inc.
    Learning Objectives:
  • Attendees will learn how to avoid common compensation and disclosure pitfalls, resulting in sub-optimal Say-on-Pay votes
  • Attendees will learn best practices in outreach from an executive, director and proxy advisory perspective
  • Attendees will learn how to enhance their company's governance profile, perception and effectiveness through advocates such as Corporate Secretaries and HR
  • Attendees will gain an understanding of the pros and cons of a "Fifth Analyst Call" and potential, proactive alternatives
 
 
* Draft description as of 6/28 1:05 pm, subject to change
 

Actionable Takeaway Documents
  • Critical skills takeaway document

Why Now?
The skills that CEOs and CFOs are looking for in an IRO are changing dramatically. Today's practitioners need to understand what skills and qualifications they need to be successful and competitive in the IR marketplace.
Session Material
Conference registrant access,
log-in required
Critical Skills for IR in 2011: Do You Need to Be a Former Sell-Sider to Get a Job Today?*
Tue - Jun, 14 | 2:00 pm - 3:15 pm
Location: Ritz Ballroom 4-6 (Lobby Level - Ritz)
Category: Career Management

The practice of investor relations is constantly changing – and thus, the skills that make for a successful IR practitioner. This session explores the skills IR practitioners need to have in 2011 to be successful in their current positions and to advance in their careers. What are CEOs and CFOs looking for in an IRO? Will the trend toward former sell siders as IROs be a lasting one, and do practitioners now need significant capital markets experience to be hired or promoted?

An experienced investor relations recruiter moderates a panel of recently hired IROs to discuss the issues. The panel will offer suggestions on how IR practitioners should position their experience most effectively when entering the job market.

Moderator/Lead Speaker:
Michael Patino, Managing Director
Patino Associates

Panelist(s)/Co-Speaker(s):
Shep Dunlap, Vice President
Motorola Solutions, Inc.

Amy Greene, Vice President, Investor Relations
Herbalife

David Prichard, Vice President, Investor Relations & Corporate Communications
Spectrum Brands
    Learning Objectives:
  • The key qualifications and skills that IROs need to be hired or promoted in 2011
  • Whether IROs need to have significant capital markets experience to be hired in 2011
  • How to position your experience most effectively to be competitive in the job market
 
 
* Draft description as of 6/21 9:14 pm, subject to change
 

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