The Ideal Investor Relations Department
IR Magazine Forum - Canada provides Investor Relations Officers an opportunity to hear from peers, advisors, and investors
I recently had the opportunity to sit on a panel with other investors at the IR Magazine Forum - Canada. The event took place at the Toronto Marriott City Centre Hotel on Wednesday, May 25th, 2022. The purpose was to give investor relations professionals from across Canada practical ideas they could implement in their own investor relations programs.
Due to the pandemic, this was the first time in three years the event was held 'in-person'. Topics included: targeting institutional investors, the changing nature of sell-side brokerage analysts, how to engage with exchange-trade funds, attracting retail investors, and the future of investor roadshows. Presenters shared post-pandemic strategies, creative best practices, ESG reporting ideas, and strategies for using new technologies.
Below are some clips of my small contributions to the event.
What makes a good Investor Relations Officer?
Over the years, I have been fortunate to meet with management teams from countless companies. The companies have been from many industries and countries and range from very small to very large in size. Theses interactions have given me a good take on what investors like to see from investor relations professionals.
How should Investor Relations be positioned in this environment?
Markets today are at a unique juncture where investors have started to look for different attributes in companies. This presents challenges to some management teams that might now be asked to provide different information to investors.
What do Investors want from an Investor Relations Website?
Many companies go to great lengths to help investors understand their history, strategy, governance, market position, and performance. This is achieved through different mediums, including their websites. The investor panel provided suggestions to companies to help optimize their investor relations websites.
What do Investors want from Company Conference Calls and Investor Days?
After listening to countless conference calls and investor days, there are certain formats I like, and some I don't like. These events are a great opportunity for companies to communicate with the investment community.
It was a pleasure to have the opportunity to speak to the investor relations professionals at the IR Magazine Forum - Canada. I hope I was able to pass on some useful advice and observations from meeting with many companies over the years. I believe management teams can add value by ensuring investors understand their companies well. For instance, investor relations professionals can help lower their companies' cost of capital if they ensure there are always many debt and equity investors who are familiar with their companies. This includes helping investors follow their industry, the risks they face, their strategy, their attributes, their performance metrics, their incentive plans, their governance, their internal controls, their capital allocation, their ESG progress, etc., etc.
If you would like to learn more about the companies we have met, and what we look for in management teams, please contact us. We would be happy to discuss with you how we decide which companies make it into our portfolios. We are always eager to discuss our investment philosophy and how we feel it can help build wealth over time.
Until next time!
This material is for general information, illustration, and discussion purposes only. It is provided “as is” to give the reader something to think about and to illustrate our firm’s investment process and strategies. This material is not intended to convey specific investment, legal, tax, or individually tailored financial advice and it should not be relied on as such. The contents of this material should not be relied upon in substitution of the exercise of independent judgment. This material should not be considered a solicitation to buy or an offer to sell a security. Any such offer or solicitation will be made only by means of delivery of an investment management agreement, and only to suitable investors in those jurisdictions where permitted by law. This material does not consider any investor’s particular investment objectives, strategies, tax status, or investment horizon. Past performance is not indicative of future results. The comments herein are not predictive of any future investment performance. The performance of a specific managed account may vary based on the account’s specific holdings and restrictions. Details on the compilation of performance figures are available upon request. This material is based upon sources of information believed to be reliable but no warranty or representation, expressed or implied, is given as to its accuracy or completeness. All beliefs, assumptions, opinions, and estimates contained in this material constitute the judgment of the author as of the date of this publication. All opinions, estimates, information, data, and facts presented in this material are furnished as of the date shown and are subject to change and to updating without notice. They are provided in good faith however we disclaim legal liability for any errors or omissions. No representation is made with respect to their accuracy, adequacy, timeliness, or completeness, and they may not be relied upon for the purposes of entering any transaction. Certain information has been obtained from third party sources and, although believed to be reliable, the information has not been independently verified and its accuracy or completeness cannot be guaranteed. This material contains forward-looking statements, which are subject to important risks and uncertainties that could cause actual results to differ materially from current expectations. No use of the Greenfield Investment Management name or any information contained in this report may be copied or redistributed without prior written approval. Greenfield Investment Management Limited is registered as a portfolio manager with the securities commissions in Ontario and British Columbia. Any investment is subject to risks that include, among others, the risk of adverse or unanticipated market developments, issuer default, risk of illiquidity, and loss of capital. Our firm, directors, officers, and employees may, from time to time, hold the securities mentioned herein. Please see the Legal link in the footer of our website for more detail concerning the disclaimers listed above. We ask clients to please notify us of any changes to your contact information and to your financial situation or your investment objectives which may have an impact on the management of your assets by Greenfield Investment Management Limited.