NIRI is dedicated to advancing the practice of investor relations (IR) and professional competency and stature of its members. In its role as advocate for the IR profession, NIRI supports a variety of financial regulatory reform issues. Here is a summary of NIRI's advocacy agenda:
1. NIRI supports equity ownership position transparency – full and frequent ownership disclosure by all institutional investors (mutual funds, hedge funds, activist investors, etc.) including:
- Long equity positions
- Short equity positions
- Derivative positions
2. NIRI supports a comprehensive evaluation of the current shareholder voting and communications system in order to improve engagement between public companies and their shareholders.
3. NIRI supports increased transparency and regulatory oversight of proxy advisory services and the processes used by these firms in generating voting recommendations. Investment managers should take greater responsibility for their voting decisions and provide more disclosure about their proxy votes and use of proxy advisors.
4. NIRI supports a comprehensive evaluation of market stabilizing systems and processes used during times of extreme volatility including some form of short-selling circuit breakers.
5. NIRI supports initiatives to strengthen the initial public offering (IPO) market in the United States, while also protecting investors from fraud.
6. NIRI supports initiatives to modernize and streamline corporate disclosure rules, and NIRI encourages the SEC to use its regulatory discretion to minimize the burden of new disclosure mandates, such as those required by the Dodd-Frank Act.
For more details on these issues, please review this document.