This publication describes the current public company-shareholder communications environment and provides a framework for boards to use as they consider whether and in what circumstances directors should participate in such discussions. It also addresses how Regulation Fair Disclosure (“Reg FD”) affects communications.
Over the last few years we’ve seen rising interest from both investors and directors in more direct communication. In most companies, management usually handles communications with investors, but at times, direct communication between investors and directors can be beneficial. This book, jointly written by the PwC Center for Board Governance and attorneys from Weil Gotshal & Manges who advise on corporate governance, is a valuable resource. It describes the changing communications environment, provides a framework for boards to use as they consider whether to take part in communications with investors, and addresses how Regulations Fair Disclosure affects communications.