28 November 2024

2024 a year of predictable unpredictability


GILES RAFFERTY, Media and Financial PR


Whether it is ongoing climate change, Donald Trump having another tilt at the US presidency or the emergence of AI, these are all events that have been predicted. How they played out and what impacts they will have are very much subject to unpredictability.

The recently published CSIRO/Bureau of Meteorology State of the climate report  highlights how feedback loops between the atmosphere and the oceans are creating greater unpredictability around weather patterns. Few predicted the magnitude of Donald Trump’s victory in the US presidential race. And from an Investor Relations perspective, AI allows high speed data analysis to support investor targeting but may create unpredictability around the information investors extract from their own, discrete AI powered analysis ahead of investment decisions.

INVESTOR TARGETING

A predictable constant across 2024 was FIRST Advisers monthly newsletters and amongst our most read blogs was Using data to drive investor targeting. FIRST Advisers has the ability to interrogate a Register of Relevant Interests, uncover insights into investor holdings and combine this intelligence with detailed analysis of peer company registers to create an effective, quantitative tool for investor targeting.

CYBERSECURITY AND ACTIVISM

Our blogs on Cybersecurity were also well read. In February we looked at emerging Cybersecurity trends in our Managing cybersecurity risks article. We then revisited this theme in June following the Ticketmaster Data breach, with our What to do if you suffer a cybersecurity breach blog.

Activism was another theme that caught the attention of the FIRST Advisers audience. Our The shape of activism in Australia in August focused on the unique characteristics of Australian activism, while our Has Australian ESG activism peaked? blog explored the post COVID decline in ESG activism in Australia.

AGMS AND PROXY ADVISORS

Our coverage of the hot topics for proxy advisors also featured amongst our more popular blogs. As a prelude to the June/July window for engaging with Proxy Advisors we looked at the “Dos and don’ts” of meeting with Proxy Advisors in our Engaging with Proxy Advisors? blog. We then followed that blog up in September with a review of hot topic issues in our  A climate of change, voting at AGMs blog. All the Proxy Advisory firms were interested to see how companies would respond to the record 41 strikes against ASX 300 rem. reports during the 2023 AGM season.

PERCEPTION STUDIES AND COMPLIANCE

ASX compliance – Avoiding the tendentious and intemperate was a popular standalone blog in July that explored how to avoid reprimands for market releases and presentations that did not meet ASX standards. There was a particular focus on Mining Company disclosures.

Another well read, standalone blog was an explainer on the power of investor perception research, Perception studies supercharge investor relations,  which highlighted the importance of assessing if a company’s investment case is being understood and valued by investors.

While it is not always possible, or even desirable, to predict the future, at FIRST Advisers we are committed to continuing to highlight issues of interest to investor relations in our monthly newsletters through the course of 2025. We stand ready to offer our expert advice and leading analytics capabilities to support investor relations functions and help drive meaningful engagements with shareholders.


31 October 2024

XCEND, a new force in Australian small to mid-cap registry services


Author: BLAKE STELZER, Managing Director and CEO, XCEND As XCEND, the new kid on the registry services block, prepares to welcome its 100th register we talk to Founder, Blake Stelzer, about what sets XCEND apart.  Can you give me a little background on XCEND and the journey to founding the company? Certainly, my co-founder (Ann […]

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27 September 2024

A climate of change, voting at AGMs


GILES RAFFERTY, Media and Financial PR As we enter the October to November AGM season it is helpful to do a temperature check with the Proxy Advisor firms to get a sense of the issues they see as heating up and which are cooling down. Proxy Advisor firms offer comprehensive analysis of resolutions and guidance […]

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28 August 2024

Rejigging JORC


GILES RAFFERTY, Corporate Communications and Media Advisor The Australasian Joint Ore Reserves Committee (“JORC”) is looking to update the JORC Code to address issues with its application since it was last revised in 2012. The objective of the update is to maintain professional standards that will meet the evolution in governance requirements of the ASX, […]

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29 July 2024

ASX Compliance – Avoiding the Tendentious and Intemperate


GILES RAFFERTY, Corporate Communications and Media Advisor The ASX has issued a reminder to listed companies to make sure to highlight the presence of new market sensitive information in investor presentations. At a minimum a company should call out the presence of this information in the header of the presentation or, better still, issue a […]

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26 June 2024

What to do if you suffer a cyber security data breach


GILES RAFFERTY, Corporate Communication and Media Advisor It feels more like ‘when’ and not ‘if’ companies will face data breaches. In the last week, reports are emerging of a hacker trying to sell data from 30 million Ticketek customers following the announcement of a data breach by Ticketek on 31 May 2024.  With the growing […]

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30 April 2024

Engaging with Proxy Advisors


GILES RAFFERTY, Corporate Communications and Media Advisor AGM season may seem a long way off for many ASX listed companies but June and July are prime time for engaging with Proxy Advisors in advance of the peak months of AGM season, between October and November. Proxy advisors play a vital role in helping inform investment […]

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29 February 2024

Managing Cyber security risks


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 […]

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28 February 2024

Key Issues for Proxy Advisors in 2024


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 […]

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29 November 2023

Winds of change – AASB draft climate standards


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 […]

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29 November 2023

2023 a year of headwinds, inflation, and continued rate hikes


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 […]

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28 February 2023

CEOs need to drive social change to build trust


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 […]

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12 December 2022

Travelling at the speed of change, 2022 in review


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 […]

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30 August 2022

Corporate access in the new norm


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%, […]

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30 August 2022

Accessing new media opportunities


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, […]

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28 February 2022

Distrust threatens societal stability


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 […]

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28 February 2022

Proxy advice – if it ain’t, broke don’t try to fix it


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 […]

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30 November 2021

FIRST Edition in 2021


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 […]

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30 September 2021

Virtual AGMs


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, […]

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31 May 2021

ESG at the Vanguard of proxy voting


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 […]

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30 April 2021

Proxy Advisors in a time of COVID


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 […]

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4 March 2021

Locking in the Trust premium


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, […]

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31 January 2021

Fink doubles down on climate


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 […]

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30 October 2020

Video with vim and vigour


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 […]

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28 July 2020

Corporate Purpose during the Coronavirus pandemic


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 […]

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30 June 2020

A new number 3 share registry


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 […]

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28 May 2020

Designs on Annual Reporting


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, […]

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28 February 2020

Australian CEOs need to take a stand


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 […]

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30 January 2020

Time to confront climate change


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 […]

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29 November 2019

CORPORATE PURPOSE


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 […]

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28 November 2019

Acclimatising to a new normal? – 2019 in review


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 […]

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30 October 2019

ASX tightens listing rules


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 […]

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30 September 2019

Five ways to improve an IR website


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 […]

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29 June 2019

Leading with Purpose


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 […]

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1 May 2019

The importance of good design


GOOD DESIGN is the difference between telling someone and showing them. It can be the difference between informing your audience or convincing them. A carefully composed image, an effectively executed graphic concept or a thoughtfully constructed layout can convert worthy content into memorable messages. We sat down with Campbell van Venrooy, a graphic designer with […]

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28 March 2019

Purpose for the Board


GILES RAFFERTY, Corporate Communications and Media Advisor A listed company’s Purpose is now, very much, a matter for Board consideration. The latest edition of the ASX’s Corporate Governance Principles and Recommendations makes it clear the Board is responsible for linking a company’s Purpose to its strategic goals. Principle 3 states a listed entity should instil a […]

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4 March 2019

Cybersecurity: reported data breaches surge almost 700% in 2018


As we mark the one-year anniversary of the introduction of the Federal Government’s Notifiable Data Breach (NDB) scheme, the headlines focused on cybersecurity breaches seem to be coming thick and fast. The attack in early February 2019 on the Australian Federal Parliament’s computer network, has been identified by Prime Minister Scott Morrison as the work […]

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31 January 2019

The importance of being purposeful


A well understood and expressed corporate purpose drives long term value. This is why purpose, as a driver of profitability, was a central theme of the 2019 letter from Larry Fink, CEO of Blackrock, the world’s largest investment manager, to the Board’s and senior managers of companies Blackrock has holdings in. It has also been the […]

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29 May 2018

ASX to make purpose key to good governance


Giles Rafferty, Corporate Communications and Media Advisor The Financial Services Royal Commission is shining a light on governance failures at some of Australia’s largest businesses. It has also revealed a clear need to restore trust in Australian listed companies. The ASX Corporate Governance Council is seeking to address the trust deficit by updating the Principles and Recommendations […]

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30 April 2018

Annual reports – bring it all together


Giles Rafferty, Corporate Communications and Media Adviser The world of investor relations is getting faster, busier and noisier. As soon as news hits the ASX announcements platform it is time to update the company website; amplify the news with tweets and social posts; push out the media release; set up interviews; live stream webcasts; monitor […]

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5 April 2018

Engaging Retail investors – work smarter not harder


It is generally accepted, at least in the Australian equity market, that Retail Investors play an important role in the construction of a balanced shareholder register. The characteristics that make them attractive are that they generally invest for the long term, are volatility averse and focus on a company’s fundamentals. However these traits can also […]

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28 February 2018

Doing it on Purpose


Giles Rafferty, Corporate Communications Doing it on Purpose Having a Corporate Purpose must be one of the oldest, latest things. There is good degree of noise around the concept of ‘Corporate Purpose’ and it may feel like it has become a buzz word, but it is much more than that and always has been. A […]

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