NEW YORK: PR Newswire has launched a disclosure advisory board, designed to gather the opinions of IR experts and disseminate relevant information to PR Newswire clients and other interested parties.
“There is an awful lot of regulation and best practices being developed in disclosure right now; there’s an awful lot of change happening,” said Mark Hynes, MD of investor relations services for PR Newswire. “That’s why we thought it was a good time to start gathering expert opinions on those changes and offering people insights. PR Newswire … wants to be a thought leader in the whole process of disclosure.”
The board currently comprises 13 people, including Jack Kelly, co-head of the industrial research team at Goldman Sachs; Deborah Kelly, partner at Genesis; and Sam Levenson, SVP of corporate and investor relations at Cendant. The board will meet twice a year and release a white paper on each discussion, which would be available free of charge to any interested parties.
The board’s first meeting is scheduled for late July and Hynes said among the expected topics of discussion will be XBRL and how it impacts disclosure.