BROADRIDGE Financial Solutions Inc. (NYSE: BR), the giant investor communications and brokerage outsourcing firm, plans to connect every US company and every shareholder in a massive social network that could rival Facebook in terms of members. […]
The move by Broadridge comes after the SEC adopted changes to its rules in February designed to encourage the use of electronic shareholder forums by public companies and their shareholders. The SEC sees online forums as a way to improve communication between shareholders and companies and cut the number of shareholder proposals submitted for inclusion in annual meeting proxy statements.
iMiners conclude the following from that:
The SEC’s encouragement of companies using new technologies to facilitate communications is finally starting to take off, and we think that in the not too distant future shareholder forums will become standard on many company IR websites (at least for those companies not afraid to embrace new technologies, and not afraid to have a dialogue with shareholders).
UPDATE 23/09: ..As I continued browsing to look for more information on investor relations 2.0 I found another great post that puts all this nicely into a broader context.
This illustrates a number of issues we’ve discussed upon developing the workshop programme and sparks a few further thoughts (and I would expect us to debate those fervently).