NEEL PORWAL, Shareholder Analytics In the evolving landscape of financial reporting, understanding when companies disclose their financial performance can be helpful. We have been monitoring trends in the reporting practices of ASX 300 companies since 2016 to uncover any patterns that might provide relevant insights for investors, analysts, and industry watchers alike. In this review […]
GILES RAFFERTY, Corporate Communication and Media Advisor Cybersecurity is back at the top of the news agenda. The Albanese Government is seeking to tackle ‘Doxing’, which is publicly revealing identifying material about someone without their consent; the AFP has helped to smash global ransomware gang Lockbit and the hacker claimed to behind the massive Medibank […]
BEN REBBECK, Executive Director IR teams put a lot of work into communicating their company’s investment case, so it is important to assess if this investment case is being understood and valued by investors. One of the best ways to do this is through third-party perception research. Showing that a company’s investment case is being […]
GILES RAFFERTY, Corporate Communication and Media Advisor An analysis of data collected by Proxy Advisory firm Glass Lewis on voting outcomes during the 2023 Australian AGM season reveals a record number of companies received strikes against their remuneration reports, there was a significant increase in the number and severity of dissenting votes against Directors and […]
VICTORIA GEDDES, Investor Relations It is hard to find consensus on to what extent the Australian capital markets will be open for IPOs and secondary raisings in 2024. There does, however, seem to be a view that there are likely to be positive factors that will help to mitigate the uncertainty that stymied access to […]
GILES RAFFERTY, Corporate Communications and Media Advisor “The biggest change to corporate reporting in a generation.”, is how the Australian Institute of Company Directors has described the Australian Governments ambitions to make climate-related disclosures mandatory for large businesses and financial institutions. Civil penalties planned to ensure climate reporting compliance The Government’s target is to have […]
GILES RAFFERTY, Corporate Communications and Media Advisor It was in early May of 2023 that the World health organization announced Covid-19 was no longer a global health emergency. We are, however, still working through the economic disruption caused by COVID, compounded by other significant geo-political events, such as the ongoing war in Ukraine, which has helped to […]
VICTORIA GEDDES, Investor Relations For the past 3 years FIRST Advisers has been tracking Australian companies preparedness for the task of reporting on their Environmental, Social and Governance (ESG). This was in response to the obvious momentum that was building globally around the impact of climate change as well as growing evidence attributing superior performance […]
SALONI SURI, Shareholder Analytics For several years, First Advisers has been tracking trends in Same Day Reporting by ASX300 companies, which we define as releasing an Annual Report and Financial Results on the same day. The practice of providing an Annual Report on the same day as a companies’ results has become a KPI for […]
TOM WARNER, Shareholder Analytics & Engagement As we head into AGM season, the trends that emerged in 2022 look set to stay in 2023, with investors and proxy advisers continuing to focus on Remuneration, Climate Change, Environmental Social and Governance (ESG) issues and Board Composition. Remuneration Reports In 2021, 27 companies (9% of the ASX300) […]
TOM WARNER, Shareholder Analytics & Engagement Over the past few years, there has been a substantial shift in the number of investor stewardship codes which have called for investors to become more active owners. Stewardship codes typically provide a blueprint on how investors can encourage companies to incorporate and maintain good corporate governance, including adopting […]
VICTORIA GEDDES, Executive Director Over the past four months we have monitored companies in the ASX 300 Index reporting their full year results. Around 70% of companies in the S&P/ASX 300 index released their results for FY23 during August 2023. Companies return to providing guidance The majority of companies (81%) reporting their full year results this year […]
BEN REBBECK, Executive Director Over the last 18 months institutional investors have been struggling to grasp two conflicting forces which, if not managed well, could cause significant ramifications for how listed companies engage with and access capital. Investors desires to embed ESG standards and principles in their disclosure are in opposition to ‘anti-woke’ regulations which […]
TOM WARNER, Shareholder Analytics & Engagement On 26 June 2023, following a year and a half of intensive consultation, the International Sustainability Standards Boards (ISSB) released its first two Sustainability Disclosure Standards: IFRS S1 and IFRS S2. FIRST Advisers wrote about the new standards in our ISSB Releases Inaugural Global Sustainability Disclosure Standards blog on […]
BEN REBBECK, Executive Director This month, the U.S. Securities and Exchange Commission (the “SEC”) let expire a long-standing ‘no-action’ letter regarding the European Union’s Markets in Financial Instruments Directive II (“MiFID II”) provisions relating to research. This action by the SEC is set to further increase the challenges Australian and Southeast Asian companies face in […]
BEN REBBECK, Executive Director The use of artificial intelligence (AI) technologies in Investor Relations has the potential to revolutionise communication with institutional and retail investors, by streamlining processes, enhancing decision-making capabilities, and ultimately optimising Investor Relations (IR) outcomes. However, before considering the impact of AI on IR, it is crucial to reflect on the role […]
VICTORIA GEDDES, Executive Director On 26 June 2023, the ISSB (International Sustainability Standards Board) issued its inaugural standards – IFRS S1 and IFRS S2 – after 18 months of intensive consultation and research. Over the past five years, sustainability factors have become increasingly mainstream in investment decision making and they are central to how companies […]
ROWAN CLARKE, Investor Relations Companies with a June year-end are entering a busy time, as they prepare to report their full year earnings. In parallel, the market is constantly forming a view of what those earnings will be. Consequently, there may be a need for a company to take action if the market’s expectations of […]
SALONI SURI, Shareholder Analytics An important question many IR professionals ask is – who are the owners of their company’s shares, and who is trading those shares? Using Beneficial ownership analysis, we can help identify the investors that hold a company’s shares. However, when it comes to trading by retail shareholders, identifying the brokers who […]
VICTORIA GEDDES, Executive Director Until recently Australia was consistently ranked second behind the US in terms of the number of activist campaigns launched each year. Up until 2018 the number of companies subject to activist demands would average around 65, a number that rocketed to just over 80 in 2018 and 2019. Over the past […]
ROWAN CLARKE, Investor Relations As the investment community increasingly uses ESG information, there has been growing pressure for ESG frameworks and standards to evolve. The International Sustainability Standards Board (ISSB) is currently finalising a requirement for companies to report on their climate-related risks and opportunities, with a decision expected in June 2023. The Task Force […]
ADITYAN ANIL, Shareholder Analytics A key event in any company’s IR Calendar is the reporting of their financial results. This occurs twice a year and requires all ASX listed companies to publish financial results that cover a six- and twelve-month timeframe. The ASX Listing Rules give companies discretion on when they choose to publish their […]
GILES RAFFERTY, Corporate Communications and Media The findings of 2023 Edelman Trust Barometer were revealed at Davos in January, with the Australian cut of the data made public at the start of February. The Edelman global survey highlights concern around “severe polarisation” among respondents, which the PR firm interprets as people believing their society is […]
GILES RAFFERTY, Corporate Communications and Media Pass-through proxy voting gives investors of index and other passively managed funds the opportunity to vote the shares they hold at company meetings. Until recently, the fund manager would vote on behalf of their underlying investors in accordance with the voting guidelines for the fund they managed. The ability […]
GILES RAFFERTY, Corporate Communications and Media US founding father, Benjamin Franklin, said “nothing is certain except death and taxes”. Had he been in a more expansive mood he may have included ‘change’ as another certainty. 2022 has been a year of change. We welcomed Queen Elizabeth’s Platinum Jubilee and mourned her passing. We celebrated the […]
RON CAMERON, Investor Relations During November, the ASX released a compliance update that contained information on a strict new enforcement regime around the timing of periodic reports. Get it wrong and a listed company faces automatic suspension. The update also called out inappropriate use of the Markets Announcement Platform and how that may lead to […]
VICTORIA GEDDES, Executive Director It’s AGM season and many companies will be talking with shareholders about the resolutions they are being asked to vote on. Most fund managers engage proxy advisors to either help them manage the voting process or, more commonly, to access their recommendations as part of their own general due diligence. The […]
ROWAN CLARKE, Investor Relations With the 2022 reporting season behind us, many companies have shifted their attention to planning the Annual General Meeting (AGM). One piece of the meeting that all companies need to navigate is securing the requisite 75% of shareholder votes for the Remuneration Report. Voting on the Remuneration Report is watched closely […]
SALONI SURI, Shareholder Analytics During August we monitored companies in the ASX300 Index that reported for the period ending 30 June 2022 (FY22). Around 80% of companies in the S&P/ASX 300 index released their results during August 2022, with large companies particularly well represented. This enabled us to build a representative picture of the approach […]
ROWAN CLARKE, Investor Relations As we go into AGM season, the spotlight has again been shone on Environmental, Social and Governance (ESG) matters and the need for companies to demonstrate how they are improving their performance on these issues. HESTA, one of Australia’s largest investors, has written to all Chairs and CEOs of ASX300 companies […]
GILES RAFFERTY, Corporate Communications and Media Adviser The COVID-19 pandemic effectively eliminated in person Investor Relations (IR) meetings and events and accelerated the adoption and refinement of virtual interactions between companies and the investment community. Now, with travel restrictions removed or significantly eased and the WHO reporting global COVID cases falling 9% and deaths 15%, […]
GILES RAFFERTY, Corporate Communications and Media Adviser It is well understood that the media industry has been experiencing significant technological disruption with the emergence of digital, online and social media platforms. The recent 2022 Digital News Report, by the Reuters Institute and the University of Oxford, indicates the various shocks of the last few years, […]
VICTORIA GEDDES, Executive Director The importance of the role of Corporate Purpose has been gaining momentum globally since 2019, sparked in Australia by the release of the 4th edition of the ASX Corporate Governance Principles and Recommendations. In its Principle 1, ASX noted that the Board of a listed entity should be responsible under its […]
ROWAN CLARKE, Investor Relations A company’s Environmental, Social and Governance (ESG) performance continues to grow in importance for investors. The challenge for companies is to develop ESG reporting metrics that reflect the specific ESG issues impacting their business, while also allowing for their performance to be measured against peers. An additional layer of complexity within […]
ROWAN CLARKE, Investor Relations As we enter a new financial year, it is worth reflecting on the effectiveness of your Company’s IR program. This was a topic at the 2022 National Investor Relations Institute’s (NIRI) Conference held in Boston. FIRST Advisers attended the conference in June and we summarise some of the key recommendations. Recommendation […]
VICTORIA GEDDES, Executive Director This year the headline topics at the NIRI (National Investor Relations Institute) Conference were ESG and the importance of Purpose. The US has, like Australia, been generally late to the ESG party compared to Europe so understanding the issues at the forefront of driving change has relevance for Australia. Ron O’Hanly Chairman and […]
VICTORIA GEDDES, Executive Director Over the past two years, as COVID has rampaged around the world, an unexpected bonus for company boards has been the virtual exit, stage right, of activist shareholders. I’m not talking about the type of activism associated with ESG issues that we are increasingly seeing around the time of AGMs, but […]
SALONI SURI, Shareholder Analytics In a previous blog, we talked about the structure of the share register. Common accounts on a share register include Retail Investors, Company Directors and Management, and Custodial or Nominee accounts. In this blog we will take a closer look at Custodians. Custodians’ accounts can be the most prominent shareholders on […]
VICTORIA GEDDES, Executive Director and GILES RAFFERTY, Senior Adviser Corporate Communication Following on from part 1, published in our March 2022 Newsletter, this second part of our overview of Virtual Investor Days looks at the complexities and advantages of managing online events and online presentation skills. Managing Digital Logistics For any Investor Day there are […]
ROWAN CLARKE, Investor Relations The IPO market in Australia was buoyant from late 2020 through 2021, following a period of subdued activity through 2019 and the first six months of Covid. This blog looks at how the IPO market is backing up in 2022 following a performance that broke all records in 2021. Despite initial […]
VICTORIA GEDDES, Executive Director In our popular two-part blog on The Do’s and Don’ts of Investor Days, we were working on the not unreasonable assumption that they would be in person events. Over the past two years Covid has ruled out face to face meetings, let alone organizing large events such as AGMs and Investor […]
CHRIS HUGHES, Shareholder Analyst The borrowing and lending of shares dates back to the earliest days of stock trading. Put simply, it involves the owner of shares ‘lending’ them to another investor or institution who ‘borrows’ them for a given length of time. Borrowing and lending deals are often transacted by market makers or dealers, […]
GILES RAFFERTY, Corporate Communications and Media Adviser One of the findings from the annual Edelman Trust Barometer survey is a cycle of distrust that is threatening societal stability both here in Australia and globally. The survey results were published on February 16th, a little over a week before Russia invaded the Ukraine. Australia trapped in […]
ROWAN CLARKE, Investor Relations For a number of years, FIRST Advisers has been monitoring same day reporting in Australia. We define same day reporting to be when a company releases their Annual Report on the same day that they release their Full Year Financial Results. The practice of providing the Annual Report on the same […]
GILES RAFFERTY, Corporate Communications and Media Adviser The dust has settled following the short-lived federal regulations designed to impose new licensing and independence requirements on the Proxy Adviser industry. The now defunct rules were introduced as regulations by Federal Treasure Josh Frydenberg, just before Christmas last year, rather than as legislation that could have been […]
ROWAN CLARKE, Investor Relations At FIRST Advisers, a number of our clients are starting to focus on the task of reporting on their Environmental, Social and Governance (ESG) performance for the first time. This reflects the increased momentum that has been gathering in recent years, particularly in the ASX 300. We first undertook a review […]
GILES RAFFERTY, Corporate Communication and Media Adviser. 2021 is drawing to a close with a sense of COVID-19 déjà vu. In late 2020 a new COVID variant, labelled Delta, was first identified in India. The Delta variant is characterised by mutations to the ‘spike protein’ which make it highly transmissible. The Delta variant is thought […]
VICTORIA GEDDES, Executive Director. The big news this month was the announcement by the Chair of the IFRS Foundation, timed for release at COP26 on 3 November, of another important step towards the realization of global sustainability disclosure standards. At present there are a number of different frameworks that companies can use to guide how […]
VICTORIA GEDDES, Executive Director. Annual General Meeting season has just concluded and while the stats are still being collated for the final quarter, we already know that the role of climate and environmental activists in pursuing their agenda has continued to increase this year. Data collected by Insightia from Q1 to Q3 over the past […]
As 2021 winds down, we look at the meetings that we have been tracking over the past 11 months. November is always busy with listed company Annual General Meetings, however, the Extraordinary Meetings that were called this month didn’t come from shareholders, but instead from companies themselves looking to issue additional shares and make changes to […]
SALONI SURI, Investor Relations Executive A common question asked by our clients is why they see more volume traded on market than captured in the investor tracking report over a period of time. Trading volumes and Underlying Beneficial Ownership Most of our clients experience large trading volumes on market but not all trading is reflected […]
BEN REBBECK, Founding Director Why you need to understand perceptions of your company The substantial resources, including staffing, technology, printing, advisers and senior management time that most companies devote to investor relations are unfortunately not unlimited. It’s therefore crucial that these scarce resources are utilised as efficiently as possible with the best IR outcomes for […]
GILES RAFFERTY, Corporate Communication and Media Advisor Talking the talk at virtual AGMs As AGM season looms large, the Australian Federal Government has given clarity around what will be required to hold a virtual Annual General Meeting during the latter part of 2021. A key change, compared to the COVID-19 inspired temporary arrangements introduced in 2020, […]
ROWAN CLARKE, Investor Relations With most of Australia being plunged back into lockdown, and the August reporting season about to merge into roadshow season, there is no getting away from the fact that virtual briefings and meetings are still the only way to connect with shareholders and investors. So in this blog we explore the […]
ROWAN CLARKE, Investor Relations At FIRST Advisers, we are increasingly offering advice to companies on how to best position themselves to meet investor demand for ESG accountability. What was once seen as a topic for socially conscious asset managers, is now widely adopted by investors. ESG was a hot topic at the US based National […]
ROWAN CLARKE, Investor Relations The IPO market in 2020 sprang into life in October, having retreated into hibernation with the advent of COVID. The rush to list turned into a stampede as the year drew to a close with December registering a record listing in one month of 29 companies. This included large and high […]
SALONI SURI, Investor Relations Executive. Overview Short selling is a simple concept—an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. In the period between selling borrowed stock and buying it back the investor is said to be ‘Short’ of stock, hence the term short […]
GILES RAFFERTY, Corporate Communication and Media Advisor. The financial markets adage is if Wall Street sneezes other markets catch cold. So it is worth keeping an eye on what’s happening in US financial markets as trends there tend to inform decision making elsewhere. In this context we have been interested to note how Vanguard, one of […]
GILES RAFFERTY, Corporate Communication and Media Advisor The Coronavirus pandemic continues to ravage the world, we canvassed the three main Proxy Advisory firms operating in Australia Ownership Matters, CGI Glass Lewis and ISS to get a sense of what impact corporate and government responses to the pandemic has had on governance and their voting recommendations. Widening […]
VICTORIA GEDDES, Executive Director Activism during COVID A review of the impact of COVID 19 on activism globally in 2020 would suggest that it largely reinforced the trend of slowing activity that has been evident since its peak in 2018. In Australia the number of companies publically subjected to activists’ demands returned to the annual […]
ANNA FUGLESTAD, SHAREHOLDER ENGAGEMENT Over the past year as companies have taken advantage of buoyant equities market and COVID related exemptions to undertake capital raisings, retail shareholders have jumped on the opportunity to increasing their holdings through Share Purchase Plans. FIRST Advisers recently analyzed all Share Purchase Plans that occurred between March 2020 and February […]
IDENTIFYING THE BENEFICIAL OWNERS OF SHARES ROWAN CLARKE, INVESTOR RELATIONS The ability to interrogate a company’s share register to identify its beneficial owners provides important information to Directors. In addition to identifying who is making decisions to buy and sell shares, it enables the Board and senior management to identify such things as where […]
DAN JONES, MANAGER SHAREHOLDER ANALYTICS In April 2020, we wrote that more than 80% of companies withdrew their FY20 guidance amid uncertainty surrounding COVID-19. During the February 2021 earnings season, we recommenced monitoring the results of S&P/ASX300 companies to establish to what extent the provision of guidance has been re-adopted and how companies are viewing […]
GILES RAFFERTY, Corporate Communication and Media Advisor Trust in Australian Institutions has surged during the Coronavirus pandemic to reach all-time highs. This resurgence of trust means, in Australia, the institutions of Business, Government, Media and NGO’s are all now viewed as competent where just 12 months ago only Business was seen to be so. Two institutions, […]
GILES RAFFERTY, Corporate Communication and Media Advisor Restating that climate risk is investment risk, Larry Fink, the Founder, Chairman and CEO of Blackrock, the world’s biggest and arguably most powerful investor, is calling for companies to share their plans for the transition to a net zero economy in his annual letter to CEOs. Mr Fink […]
Ben Rebbeck, Founding Director Recently, the ASX announced updates to Guidance Note 8 on continuous disclosure requirements in relation to earnings guidance. While the ASX retained the framework of its existing guidance in the update, its changes to Guidance Note 8 include a new ‘15% Rule’ regarding the impact of broker consensus earnings on guidance and earnings […]
VICTORIA GEDDES, Founding Director In September 2020 the door to the IPO market flew open and dozens of companies poured through in a rush to list before the Christmas/New Year shut down. Memories were still fresh from late 2019 when a promising IPO market was stopped dead in tracks in October as several high profile […]
2020 was a year filled with extreme and extraordinary events. All of which played out in the context of the extraordinary global health crisis that is the Coronavirus pandemic. A year of extremes Here in Australia we endured bush fire disasters, the death of the Holden car brand and the tragedy of SAS war crimes […]
DAN JONES, Manager Shareholder Analytics As institutional investors increasingly demand more accountability for Environmental, Social and Governance (ESG) performance, companies face pressure to improve their standards of ESG reporting. However, unlike financial data, ESG information has no legislated or regulatory reporting guidelines or formats so the mechanism for delivery and any adoption of a reporting […]
GILES RAFFERTY, Corporate Communications and Media Advisor The camera never lies! A broad statement that still holds true despite the incredible advances in software to manipulate digital imagery. The cameras built into smartphones and laptops are amazingly sophisticated but are no guarantee that a video presentation will look good or be engaging. If you don’t […]
Between 2016 and 2018, FIRST Advisers monitored how long companies took to release their Annual Report following the release of their Financial Results. The implementation of Same-Day Reporting has become an industry standard in terms of best practice investor relations because it reflects a commitment to release this document at a time when it has […]
VICTORIA GEDDES, Executive Director. The IPO window has unexpectedly opened after more than 18 months of subdued activity. Given the slowdown since February due to COVID-19 and the level of uncertainty surrounding the outlook for economic growth, no-one was banking on a quick return in 2020 to the levels of activity that the market had enjoyed […]
VICTORIA GEDDES, Executive Director. As the market braces for an avalanche of IPOs to hit the market in the December quarter, it is time to review our playbook for IPO investor relations, to highlight just what it takes to maximise the chances of a successful life after listing. Here are our top 10 Investor Relations tips […]
This month, ASIC extended its temporary relief for capital raisings aimed to assist listed entities affected by the COVID-19 pandemic to raise capital in a quicker and less costly way without undermining investor protection. The temporary measures were due to expire in October 2020. The temporary measures will now expire on 1 January 2021. The […]
VICTORIA GEDDES, Executive Director. At FIRST Advisers we pay close attention to the activist space in Australia, having worked on many campaigns for both activists and companies over the past ten years. In our monthly newsletter we have a regular slot that summarises for our readers the various activist campaigns over that month and we […]
BEN REBBECK, EXECUTIVE DIRECTOR As the repercussions of the COVID pandemic started to impact the corporate sector ASIC, the Australian corporate regulator, following advice and prompting from their foreign counterparts, allowed Australian listed companies to hold fully virtual Annual General Meetings. ASIC’s pathway to enable virtual AGMs, as they were the first to admit, was […]
GILES RAFFERTY, Corporate Communications and Media Advisor, writing for the Winter 2020 Issue of Listed@ASX. What does the Coronavirus pandemic and the ‘new normal’, that is expected to emerge in its wake, mean for a Company’s purpose? As the pandemic surges across the globe many senior corporate leaders will, rightly, view the immediate purpose of […]
GILES RAFFERTY, Corporate Communications. An interview with Ben Kay, Executive Director, Automic At FIRST Advisers our shareholder analytics team works with all registries in the delivery of beneficial ownership analysis reports to our clients. We have watched the increasing penetration of Automic Group as a new player in the registry market in recent years and […]
VICTORIA GEDDES, Executive Director. In Part 1 of our article on ESG last month* we looked at the extent to which ESG reporting has gained hold in Australia and whether the strong performance of ESG funds recently might represent a moment in time when investing according to ESG principles becomes mainstream. We introduced the Standard […]
GILES RAFFERTY, Corporate Communications. It is time to think about Annual Reports and then to think again. While an Annual Report must include content required by the Corporations Act and the ASX listing rules,that doesn’t mean we should limit our thinking to just meeting that objective. It is right and proper for the compulsory materials, […]
VICTORIA GEDDES, Executive Director. The relentless push towards the adoption of Environmental, Social and Governance (ESG) reporting by companies across the globe appears to be gaining momentum. As entire populations have gone into hibernation in an effort to contain the spread of the coronavirus, the topic of greatest interest in the global investment community is […]
VICTORIA GEDDES, Executive Director. ASX Compliance Updates with some reminders on Disclosure Rules on Earnings Guidance Since the end of February 2020, ASX has released three key Compliance Updates (28 February, 31 March and 22 April) which include a raft of amendments or reminders, prompted in the main by the challenges associated with the impact […]
RON CAMERON, Investor Relations. The need to engage shareholders directly as a result of Recent Changes to Capital Raising Requirements ‘May you live in interesting times’, which is often characterised as a Chinese curse, has never been as relevant as it is today, in the time of COVID-19. Personal circumstances have been turned upside down […]
VICTORIA GEDDES, Executive Director Guidance and outlook statements, freshly minted from the February reporting season, are already being consigned to the waste paper basket. This makes sense when every week brings a new development that has the potential to threaten the very survival of many businesses. So what do you say to your shareholders when […]
VICTORIA GEDDES, Executive Director It’s exactly two years now since the Federal Government introduced its Notifiable Data Breach (NDB) scheme. It requires every private and public company with annual turnover of $3 million or more, listed or not, to report cyber breaches that are likely to result in serious harm to individuals whose personal information […]
GILES RAFFERTY, Corporate Communications and Media Advisor Australian’s don’t trust business. This is a key finding of the Edelman Trust Barometer, published on 19 February, which has been measuring levels of trust in business, Government, the media and NGOs for the past 20 years. It will be little comfort to Australian business leaders to know […]
GILES RAFFERTY, Corporate Communications and Media Advisor Every Government, company and shareholder must confront climate change according to Larry Fink, CEO and Chairman of BlackRock, the world’s largest asset manager. In his annual letter to CEO’s, Mr Fink says a rapidly growing awareness amongst investment market participants of the risks climate change poses to economic […]
GEOFF MICHELS, Senior Adviser, Corporate Communications One month in to 2020 and news headlines have been dominated by the bushfire crisis while the business pages have been reporting on the Australian retailing crises which has seen big brands literally shutting up shops, including the shock withdrawal of Kaufland from the Australian market. The crises in […]
GILES RAFFERTY, Corporate Communications and Media Advisor ‘The more things change, the more they stay the same’ is an adage that could easily be applied to the re-prioritising of a company’s Purpose as the underpinning of its culture and long term, sustainable growth. Only last August, The Business Roundtable (BRT) an American association whose members […]
GILES RAFFERTY, Corporate Communications and Media Advisor 2019 is bookended by environmental challenges. The year began with massive fish mortalities in the Murray Darling and is ending with a devastating, early bushfire season that has impacted every state in the country. In between, on the global stage, climate activist Greta Thunberg made an impassioned speech […]
VICTORIA GEDDES, EXECUTIVE DIRECTOR As we approach the end of the year with, realistically, less than two months left to launch and complete a new campaign, the stats already tell us most of what we need to know about the changing shape of activism in Australia in 2019. Activity is 20% down on last year’s […]
GILES RAFFERTY, Corporate Communications and Media Advisor “It’s important that ASX keeps evolving the listing rules so they remain contemporary, address emerging compliance issues, and continue to serve the interests of issuers, investors, and the Australian economy.” Kevin Lewis, ASX Chief Compliance Officer. A range of changes to the ASX listing rules will come into […]
BEN REBBECK, EXECUTIVE DIRECTOR Poor retail voter turnout is often accepted as ‘the norm’ and put down to reasons such as lack of retail investor interest to lack of company engagement. While these factors may partly contribute to poor retail voting, there is one structural cause that is relatively unknown and therefore not addressed by […]
An Investor Relations website is the critical channel through which to communicate educate and engage with investors. It should be more than a demonstration of compliance with the Corporations Act 2001 and a listed company’s disclosure obligations. It is a gateway through which to tell a company’s investment story so it is equally well understood […]
RON CAMERON, SENIOR ADVISER, INVESTOR RELATIONS Markets regulator, The Australian Securities and Investment Commission (ASIC), has doubled the amount that retail investors can contribute to Share Purchase Plans. The change is the result of ASIC updating the Class Order that defines how ASX listed companies can issue shares, via a SPP, to registered shareholders without […]
DAN JONES, MANAGER SHAREHOLDER ANALYTICS During August we monitored companies in the S&P/ASX300 Index that reported for the period ending 30 June 2019, building a picture of the approach to guidance in this market and what that guidance is telling us about outlook for FY20. Victoria Geddes, Co-founding Executive Director at FIRST Advisers said “If […]
VICTORIA GEDDES, Executive Director Over the next few weeks, CEOs, CFOs and investor relations professionals will be gearing up for the post results briefing roadshow. For most it will be an intensive three days, maybe 4 or 5, of meetings with shareholders, brokers and potential investors in Sydney, Melbourne and maybe one or two other Australian […]
DANIEL JONES, SHAREHOLDER ANALYTICS AND IR As we approach the traditionally busiest quarter for shareholder activism in Australia, it is time to take stock of how activists have fared to date in 2019. Has Activism in Australia peaked or just taking a breather? According to Activist Insight, in 2019 there have been 42 public activist […]
GILES RAFFERTY, Corporate Communications and Media Advisor We are fast approaching the first reporting season under the 4thedition of the ASX Corporate Governance Principles and Recommendations. An aspect of the new Principles and Recommendations, which we wrote about in our March 28th ‘Purpose for the Board’ blog, is the elevation of responsibility for linking a company’s […]
BEN REBBECK, Executive Director The ascendency of ESG matters within Fund managers, Board rooms and with IROs has unquestionably been rising rapidly in recent years. In this context, a question we often address from Directors and IRO is: Are ESG funds just another short term market trend, like ‘Hedge Funds’ were some 5 to 10 years […]