In a profession where we all clearly love the sound of our own voice (well I’m speaking on behalf of myself anyhow) it probably shouldn’t be a surprise that the number of PR pracitioners blogging is continuing to grow and grow.
Here are some of the more recent additions, add them to your reading lists and RSS feeds..
Footnote:
Thanks to Constantin for the links.
Richard Bailey provides a link to a recent speech (PDF) given by Lord Chadlington, a 40 year PR veteran, at the Guild of Public Relations Practitioners in London.
I recommend you read it.
“I am proud of being in PR and, while I am occasionally appalled at the antics of some who call themselves PR practitioners, I am increasingly impressed with the quality of younger people who are now making it their number one career choice.”
Hear, hear.
And of course (ahem) Happy Canada Day…. (I didn’t forget honest)
The perils of selective disclosure is something PR people at publicly listed companies have to deal with every day.
For the unititiated, the basic rules are that you cannot provide sensitive material information that may affect the company’s stock price to a select number of existing or potential investors. Instead, any material information must be openly disclosed to all investors at the same time, thereby providing all investors with an equal opportunity to act on that information.
In 2000, the Securities and Exchange Commission (SEC) implemented “Regulation FD” which provided formal remedies against any company choosing to selectively release sensitive information.
The Financial Times has a story that CRM software vendor Siebel Systems is the first company charge in Federal court for breaking Regulation FD rules. According to the story, four previous cases have been brought since 2000 but they were all settled out of court.
According to the SEC, Siebel’s CFO and the Director of Investor Relations had three days of private meetings with investment insitutions and at these meetings they told the potential investors that the company was performing better than was publicly expected. Also it appears that no one on the Siebel Investor Relations team was trained on Regulation FD.
Doh!
Footnote:
Thanks to Ranier PR’s blog for the link.
Murphy's Law 